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POT

Potash Corporation of Saskatchewan Inc.

5/21/2013, 10:56 PM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Wednesday, May 1, 3:09 PM With free cash flow per share ratcheting upwards, Cantor Fitzgerald predicts Potash (POT) could double its dividend yield to 5.4% by 2015 as it initiates coverage with a Buy rating and $50 price target. POT is transitioning from investing in growth to returning capital to its shareholders as expansion initiatives wind down, the firm believes. 1 Comment [Commodities, Quick Ideas]
Thursday, April 25, 8:25 AM More on Potash's (POT) Q1 results: Potash sales volumes jumped to 2.2M metric tons from 1.2M, while average realized potash price fell to $363/ton from $435/ton a year ago; gross margin improved 54% to $504M. Issues downside guidance for Q2, seeing EPS of $0.70-$0.85 vs. $0.89 consensus, but reaffirms FY 2013 EPS guidance of $2.75-$3.25. Expects farmers' demand for fertilizer to continue to increase. 1 Comment [Commodities, Earnings]
Thursday, April 25, 8:16 AM Potash (POT) is scrapping its proposed takeover bid for Israel Chemicals, the fertilizer producer says in its Q1 earnings report. The takeover would have given POT control of the world's sixth-largest potash producer and boosted its share of forecast global production capacity this year to ~27%. Shares +1.7% premarket. 2 Comments [Commodities, Earnings, On the Move]
Thursday, April 25, 6:13 AM Potash (POT): Q1 EPS of $0.63 beats by $0.03. Revenue of $2.1B beats by $0.28B. (PR) Comment! [Earnings, Breaking News]
Thursday, April 18, 3:44 PM The fertilizer plant explosion in Texas could prove a long-term benefit to some companies in the sector, since it could slow the building up of new nitrogen fertilizer capacity in the U.S. and provide a competitive boost to entrenched producers such as CF Industries (CF +3%), Potash (POT +0.8%) and Agrium (AGU +1.1%), Citigroup says. 11 Comments [Commodities, On the Move]
Wednesday, April 10, 9:17 AM Israel Chemicals' new CEO Stefan Borgas warns Israel's phosphate reserves are drying up and calls on the government to grant the company licenses to mine at a new site in the Negev desert that would secure reserves for 30 years. ICL is a takeover target of Potash Corp. (POT), an action Israel's new finance minister Yair Lapid says he would "vigorously" oppose. 1 Comment [Commodities, M&A, Global & FX]
Monday, April 1, 8:38 AM Potash (POT) +1.6% premarket after J.P. Morgan upgrades shares to Overweight from Neutral with a $45 price target, as prospects for volume growth have improved since the end of 2012. While earnings have fallen since 2011 and POT has generated little free cash flow due to substantial investments to increase its potash capacity, the firm believes the long period of capital investment is coming to an end. Comment! [Commodities, Quick Ideas, On the Move]
Thursday, March 28, 12:49 PM Mosaic (MOS +1.5%) would have concerns about a potential takeover of Israel Chemicals by Potash (POT), CEO Jim Prokopanko says in its earnings call. POT, which is attempting to gain majority control of ICL, is a partner with MOS and Agrium in Canpotex, the offshore selling agency for potash the three companies mine in western Canada. Comment! [Commodities, M&A, On the Move]
Wednesday, March 13, 2:57 PM Potash (POT -1.5%) seeks to soothe Israeli fears over a possible acquisition of Israel Chemicals, Globes says, as opponents use deal talk for political purposes in upcoming local elections. POT believes Israel Chemicals has no choice but to merge if it wants to stay relevant in the global fertilizer market in coming years. 1 Comment [Commodities, M&A, Global & FX, On the Move]
Tuesday, March 12, 9:48 AM The fertilizer trade is turning to potash/phosphate producers rather than nitrogen producers, BMO Capital believes, which is bullish for Potash (POT +0.9%) and Mosaic (MOS +0.8%) but less so for CF Industries (CF -0.8%) and Agrium (AGU -2.1%). The firm also likes MOS' share buyback potential, upgrading the stock to Outperform, while it lowers AGU to Market Perform. 5 Comments [Commodities, Quick Ideas]
Tuesday, February 26, 4:54 PM Potash (POT) says strong consumption trends in 2012 were masked by global distributor inventory destocking, and sees 2013 world potash shipments of 55M-57M tons vs. an estimated 51M tons in 2012. POT says significant tonnage has been contracted for H1 delivery but foresees lower potash prices. Also, POT suspends talks to buy Israel Chemicals due to "political events." Comment! [Commodities]
Friday, February 22, 8:19 AM Dahlman Rose grows more cautious on the fertilizer sector, seeing substantial pressure on nutrients pricing in H1 with nitrogen having the greatest long-term margin risk given capacity additions. The firm cuts Agrium (AGU), CF Industries (CF) and Rentech Nitrogen (RNF) to Sell from Buy, Potash (POT) to Sell from Hold, and Mosaic (MOS) to Hold from Buy. 18 Comments [Commodities, Quick Ideas]
Tuesday, February 19, 3:54 PM Bell are ringing? Merging its fertilizer group into its metals and mining group, Bank of Montreal lays off 4 fertilizer investment bankers amidst weak activity in the resource sector. The Agribusiness ETF (MOO) has lagged the S&P 500 by 800 bps over the past year. Its largest fertilizer holding, POT has fared even worse, falling 10% Y/Y and lagging the broader market by 22%. Comment! [Commodities]
Friday, February 15, 10:12 AM Exports by North American potash producers jumped in January after their Canpotex marketing organization signed a supply deal with Chinese buyers. North American potash exports rose 13% from the previous month to 657K metric tons and were 38% above the year-ago pace; domestic sales, mainly to the U.S., rose 3% M/M and 67% Y/Y at 477K metric tons. 2 Comments [Commodities, Global & FX]
Thursday, February 7, 3:11 PM Canpotex, the exclusive offshore marketing company for top North American potash producers, agrees to supply private sector customers in India with ~1.1M metric tons of potash for shipment up to Jan. 2014 at $427/metric ton, a smaller discount than expected. The deal ends a long standoff by Indian buyers that dented profits for the potash producers. Comment! [Commodities, Global & FX]
Monday, February 4, 10:14 AM Potash miner Prospect Global Resources (PGRX +17.7%) won't open its first mine until at least 2015, but the upstart U.S. company is shaking up the fertilizer industry by chipping away at Canpotex's near-monopoly. "We think Prospect Global is the best potash investment opportunity in North America," COR Capital says. "We like the geology, we like the location and the team they've put together." 1 Comment [Commodities, On the Move]

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