Potash Corporation of Saskatchewan Inc Can’t Burn Your Short Portfolio. Has Another Weak Session

 Potash Corporation of Saskatchewan Inc Can't Burn Your Short Portfolio. Has Another Weak Session

The stock of Potash Corporation of Saskatchewan Inc (TSE:POT) is a huge mover today! About 2.10 million shares traded hands. Potash Corporation of Saskatchewan Inc (TSE:POT) has declined 13.63% since March 10, 2016 and is downtrending. It has underperformed by 19.24% the S&P500.
The move comes after 9 months negative chart setup for the $17.25B company. It was reported on Oct, 17 by Barchart.com. We have $19.67 PT which if reached, will make TSE:POT worth $862.50M less.

Potash Corporation of Saskatchewan Inc (TSE:POT) Ratings Coverage

Out of 6 analysts covering Potash Corp (TSE:POT), 1 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 17% are positive. $33 is the highest target while $15.50 is the lowest. The $25.75 average target is 24.40% above today’s ($20.7) stock price. Potash Corp has been the topic of 10 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock has “Sector Perform” rating given by RBC Capital Markets on Monday, January 25. The stock has “Underperform” rating given by Macquarie Research on Monday, September 21.

More notable recent Potash Corporation of Saskatchewan Inc (TSE:POT) news were published by: Cnbc.com which released: “Potash Corp, Agrium to merge to create $36 billion company” on September 12, 2016, also Seekingalpha.com with their article: “Rethinking Agrium Investment Following Announcement Of Mega-Merger With Potash …” published on October 17, 2016, Forbes.com published: “Cash Dividend On The Way From Potash Corp. of Saskatchewan (POT)” on October 05, 2016. More interesting news about Potash Corporation of Saskatchewan Inc (TSE:POT) were released by: Business.Financialpost.com and their article: “Agrium Inc, Potash Corp of Saskatchewan Inc thinking long term with confirmed …” published on August 30, 2016 as well as Nasdaq.com‘s news article titled: “Potash Corporation of Saskatchewan Inc. (POT) Ex-Dividend Date Scheduled for …” with publication date: October 06, 2016.

Potash Corporation of Saskatchewan Inc. is a fertilizer producer producing various primary crop nutrients, such as potash, nitrogen and phosphate. The company has a market cap of $17.25 billion. The Firm operates through three divisions: potash, nitrogen and phosphate. It has a 19.44 P/E ratio. It owns and operates approximately five potash activities in Saskatchewan and one in New Brunswick.

POT Company Profile

Potash Corporation of Saskatchewan Inc. (PCS), incorporated on May 15, 2002, is a fertilizer producer producing various primary crop nutrients, such as potash, nitrogen and phosphate. The Firm operates through three divisions: potash, nitrogen and phosphate. The Firm owns and operates approximately five potash activities in Saskatchewan and one in New Brunswick. The Company’s nitrogen activities involve the production of nitrogen fertilizers and nitrogen feed and industrial products, including ammonia, urea, nitrogen solutions, ammonium nitrate and nitric acid. It has nitrogen facilities in Georgia, Louisiana, Ohio and Trinidad. The Company’s phosphate activities include the manufacture and sale of solid and liquid phosphate fertilizers, phosphate feed and industrial acid, which is used in food products and industrial processes. It has phosphate mines and mineral processing plant complexes in Florida and North Carolina. The Firm has approximately four phosphate feed plants in the United States and produce phosphoric acid at its Geismar, Louisiana facility.

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