|Bid||25.69 x 0|
|Ask||25.70 x 0|
|Day's Range||25.45 - 26.04|
|52 Week Range||20.68 - 26.62|
|PE Ratio (TTM)||48.47|
|Forward Dividend & Yield||0.40 (2.25%)|
|1y Target Est||N/A|
PotashCorp's (POT) CEO (chief executive officer) Jochen Tilk stated that the monsoon in India was quite good. India's fertilizer purchase appears to be driven by weather.
PotashCorp's (POT) CEO (chief executive officer) Jochen Tilk said potash prices for the company were 20% higher year-over-year, driven by higher affordability and tight supply.
On November 29, 2017, PotashCorp (POT) provided an update on its recent activities and an update on the fertilizer industry for all three NPK (nitrogen, phosphorous, and potassium) macronutrients.
Deere, CenturyLink, Mosaic, Sociedad Quimica y Minera de Chile S.A. and Intrepid Potash highlighted as Zacks Bull and Bear of the Day
The overall fundamentals for the fertilizer industry are improving on the back of improved demand scenario for major crop nutrients and an upswing in the farm economy.
According to Israel Chemicals' June 2017 6-K filings, India imported 3.8 million tons of potash in 2017, while China imported 6.8 million tons of potash.
PotashCorp owns 22% of Sinofert Holdings and appoints two of the seven board members. Sinochem is the largest owner of Sinofert Holdings with a 53% stake.
Potash has agreed to divest its 32 percent stake in SQM, as well as minority stakes in ICL Israel Chemicals and Arab Potash Co, to comply with regulators' concerns in China and India about its merger with Agrium Inc. "You can imagine the broad interest of potential bidders and actual bidders is coming from those who are interested in lithium as a metal and also producers of batteries or battery parts.
Chinese groups have shown "broad interest" in buying Potash Corp of Saskatchewan's stake in Chilean lithium producer SQM, Potash Corp Chief Executive Jochen Tilk said on Wednesday. Potash has agreed to divest its 32 percent stake in SQM, as well as minority stakes in ICL Israel Chemicals and Arab Potash Co, to comply with regulators' concerns in China and India about its merger with Agrium Inc.
PotashCorp owns 14% of Israel Chemicals (ICL) and does not have any ICL board members. Israel Corporation holds the majority stake in Israel Chemicals.
PotashCorp owns 28% of Arab Potash and can appoint three of the latter's 12 board members. It can also reportedly appoint senior management positions.
On November 7, PotashCorp and Agrium announced that they had received a conditional approval from China's Ministry of Commerce for their proposed merger.
After they merge, PotashCorp and Agrium (AGU) will be known as Nutrien, which will then be the largest crop nutrient company in the world.
On September 12, 2016, PotashCorp and Agrium announced their intention to combine in a merger of equals. But China and India have set conditions.
Potash Corp (POT) is likely to benefit from improving potash markets and Agrium merger. However, challenging agriculture market fundamentals and weak pricing may weigh on the stock.
LONDON/VANCOUVER, Nov 21 (Reuters) - Rio Tinto , Canada's Wealth Minerals and Chinese private equity firm GSR Capital are considering a bid for a stake in Chilean lithium producer SQM (Sociedad Quimica Y Minera), banking sources told Reuters. Canada's Potash Corp of Saskatchewan must divest its 32 percent stake in the Chilean company as part of its merger with rival Agrium Inc. Potash Corp declined to comment and GSR Capital and Wealth Minerals were not immediately available to comment.
As of November 10, the consensus mean rating of 21 analysts for PotashCorp stood at 2.6 with an overall recommendation of a "hold."
Nutrien, the company to be formed from the merger of Agrium Inc and Potash Corp of Saskatchewan, plans to expand its U.S. farm supply network and return cash to shareholders, Agrium Chief Executive Chuck Magro said on Wednesday, as it leverages unusually flush coffers during an agriculture slump. Regulators in China and India require Potash to divest minority stakes in three companies - SQM, ICL Israel Chemicals and Arab Potash Co PLC - as a condition of approving the $25-billion merger.
Nutrien, the company to be formed by year-end from the merger of Agrium Inc and Potash Corp of Saskatchewan, plans to expand its farm supply network, and return some cash to shareholders, Agrium Chief ...