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Stock Market & Financial Investment News

News Breaks
December 31, 2012
13:44 EDTMOS, AGU, POTFertilzer companies rise after joint venture reaches Chinese deal
Fertilizer makers are advancing after fertilizer marketing company Canpotex reached a deal to supply 1M tonnes of potash in the first half of 2013 to China's Sinofert Holdings, according to PotashCorp (POT). Canpotex is jointly owned by PotashCorp along with fellow fertilizer makers Agrium (AGU) and Mosaic (MOS). Under the agreement, Sinofert will pay $70 per ton less than its previous contract price with Canpotex, which was agreed to in March 2012. In a note to investors, Citigroup wrote that the contract price was somewhat lower than it had expected. Moreover, the firm remains cautious on the sector due to the uncertainty regarding demand in India and the possibility that there could be downward pressure on prices in other key markets. On the other hand, the deal between Canpotex and Sinofert creates a floor for global potash prices and provides some clarity on the market for early 2013, the firm added. Citigroup maintained Neutral ratings on shares of Potash, Mosaic and Agrium. In mid-afternoon trading, PotashCorp rose 2.44% to $40.74, Mosaic gained 2.17% to $56.41 and Agrium added 2.38% to $100.31.
News For POT;AGU;MOS From The Last 14 Days
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July 30, 2015
06:09 EDTPOTPotash sees FY15 EPS $1.75-$1.95, consensus $1.86
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06:06 EDTPOTPotash sees Q3 EPS 35c-45c, consensus 43c
06:04 EDTPOTPotash reports Q2 EPS 50c, consensus 51c
Reports Q2 revenue $1.73B, consensus $1.71B.
July 29, 2015
15:08 EDTPOTNotable companies reporting before tomorrow's open
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12:10 EDTPOTEarnings Watch: Potash shares down approximately 19% since Q1 report
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10:00 EDTPOTOn The Fly: Analyst Downgrade Summary
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07:44 EDTPOTPotash downgraded to Market Perform from Outperform at Raymond James
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July 22, 2015
08:26 EDTPOTK+S preparing for possible hostile bid from Potash, Wirtschaftswoche reports
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July 21, 2015
13:14 EDTPOTK+S says new Potash offer not enough for takeover talks, Reuters says
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July 17, 2015
15:43 EDTPOTPotash sees global potash shipments in 2015 to decline slightly
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July 16, 2015
08:33 EDTPOT, MOS, AGUPotash play for K+S linked to possible oversupply from 'Legacy' mine, FT says
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