Shares of Potash Corp. of Saskatchewan (NYSE:POT) traded down 6.9% during mid-day trading on Thursday . The company traded as low as $15.84 and last traded at $15.96, with a volume of 22,316,091 shares trading hands. The stock had previously closed at $17.15.

A number of analysts have recently issued reports on the company. Vetr cut Potash Corp. of Saskatchewan from a “buy” rating to a “sell” rating and set a $17.16 price objective on the stock. in a research report on Tuesday, April 19th. Vertical Research cut Potash Corp. of Saskatchewan from a “buy” rating to a “hold” rating in a research report on Thursday, April 21st. Vertical Group cut Potash Corp. of Saskatchewan from a “buy” rating to a “hold” rating in a research report on Saturday, April 23rd. Credit Suisse Group AG restated a “sell” rating on shares of Potash Corp. of Saskatchewan in a research report on Saturday, April 30th. Finally, JPMorgan Chase & Co. restated a “hold” rating and set a $15.00 price objective on shares of Potash Corp. of Saskatchewan in a research report on Monday, May 2nd. Eight analysts have rated the stock with a sell rating, fourteen have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $18.81.

The stock has a market cap of $13.10 billion and a price-to-earnings ratio of 19.26. The stock’s 50-day moving average is $16.64 and its 200 day moving average is $16.78.

Potash Corp. of Saskatchewan (NYSE:POT) last released its quarterly earnings results on Thursday, July 28th. The fertilizer maker reported $0.18 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the business posted $0.50 earnings per share. The business’s revenue for the quarter was down 39.2% on a year-over-year basis. On average, equities research analysts forecast that Potash Corp. of Saskatchewan will post $0.63 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 2nd. Investors of record on Tuesday, July 12th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, July 8th. This represents a $1.00 annualized dividend and a yield of 6.41%.

A number of hedge funds have recently added to or reduced their stakes in POT. Victory Capital Management Inc. boosted its stake in Potash Corp. of Saskatchewan by 53.1% in the fourth quarter. Victory Capital Management Inc. now owns 3,296,835 shares of the fertilizer maker’s stock valued at $56,442,000 after buying an additional 1,143,738 shares during the last quarter. BOKF NA boosted its stake in Potash Corp. of Saskatchewan by 2.8% in the fourth quarter. BOKF NA now owns 71,347 shares of the fertilizer maker’s stock valued at $1,221,000 after buying an additional 1,926 shares during the last quarter. Morgan Stanley boosted its stake in Potash Corp. of Saskatchewan by 37.0% in the fourth quarter. Morgan Stanley now owns 4,687,112 shares of the fertilizer maker’s stock valued at $80,243,000 after buying an additional 1,264,985 shares during the last quarter. Schroder Investment Management Group boosted its stake in Potash Corp. of Saskatchewan by 0.8% in the fourth quarter. Schroder Investment Management Group now owns 4,116,365 shares of the fertilizer maker’s stock valued at $97,558,000 after buying an additional 34,581 shares during the last quarter. Finally, Gulf International Bank UK Ltd boosted its stake in Potash Corp. of Saskatchewan by 2.8% in the fourth quarter. Gulf International Bank UK Ltd now owns 248,628 shares of the fertilizer maker’s stock valued at $4,261,000 after buying an additional 6,780 shares during the last quarter.

Potash Corporation of Saskatchewan Inc is a fertilizer producer producing various primary crop nutrients, such as potash, nitrogen and phosphate. The Company operates through three segments: potash, nitrogen and phosphate. It owns and operates approximately five potash operations in Saskatchewan and one in New Brunswick.

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