Potash Corp. of Saskatchewan (NYSE:POT)’s share price shot up 2.5% during trading on Tuesday . The company traded as high as $15.92 and last traded at $15.71, with a volume of 13,451,612 shares. The stock had previously closed at $15.32.

A number of research firms have commented on POT. BMO Capital Markets reissued a “market perform” rating on shares of Potash Corp. of Saskatchewan in a research note on Monday. JPMorgan Chase & Co. cut their price target on shares of Potash Corp. of Saskatchewan from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Friday, July 29th. Credit Suisse Group AG reissued a “sell” rating and issued a $11.00 price target on shares of Potash Corp. of Saskatchewan in a research note on Friday, July 29th. Vetr raised shares of Potash Corp. of Saskatchewan from a “buy” rating to a “strong-buy” rating and set a $19.64 price objective for the company in a research note on Tuesday, July 12th. Finally, Citigroup Inc. cut their price objective on shares of Potash Corp. of Saskatchewan from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, July 7th. Eight investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Potash Corp. of Saskatchewan currently has an average rating of “Hold” and a consensus price target of $18.09.

The stock has a 50-day moving average of $16.53 and a 200 day moving average of $16.78. The firm has a market capitalization of $13.00 billion and a P/E ratio of 19.117.

Potash Corp. of Saskatchewan (NYSE:POT) last posted its earnings results on Thursday, July 28th. The fertilizer maker reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. During the same period last year, the business posted $0.50 earnings per share. The business earned $1.05 billion during the quarter, compared to analysts’ expectations of $1.18 billion. The company’s revenue for the quarter was down 39.2% compared to the same quarter last year. Equities research analysts anticipate that Potash Corp. of Saskatchewan will post $0.57 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 2nd. Shareholders of record on Tuesday, July 12th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 6.33%. The ex-dividend date of this dividend was Friday, July 8th.

A number of hedge funds and institutional investors have recently bought and sold shares of POT. Morningstar Investment Services LLC raised its position in Potash Corp. of Saskatchewan by 11.3% in the fourth quarter. Morningstar Investment Services LLC now owns 247,424 shares of the fertilizer maker’s stock valued at $4,236,000 after buying an additional 25,140 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Potash Corp. of Saskatchewan by 75.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 744,493 shares of the fertilizer maker’s stock valued at $12,746,000 after buying an additional 320,493 shares during the last quarter. Birch Hill Investment Advisors LLC raised its position in Potash Corp. of Saskatchewan by 21.4% in the fourth quarter. Birch Hill Investment Advisors LLC now owns 172,075 shares of the fertilizer maker’s stock valued at $2,946,000 after buying an additional 30,300 shares during the last quarter. Trexquant Investment LP raised its position in Potash Corp. of Saskatchewan by 698.2% in the fourth quarter. Trexquant Investment LP now owns 216,300 shares of the fertilizer maker’s stock valued at $3,703,000 after buying an additional 189,200 shares during the last quarter. Finally, Marshall Wace LLP raised its position in Potash Corp. of Saskatchewan by 3,125.8% in the fourth quarter. Marshall Wace LLP now owns 1,905,657 shares of the fertilizer maker’s stock valued at $32,625,000 after buying an additional 1,846,582 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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