New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 15, 2014
11:30 EDTAGU, POT, MOS, IPIAnalyst says investors should unload fertilizer stocks
Investors should sell stocks of fertilizer makers, BMO Capital analyst Joel Jackson wrote today in a note to investors. WHAT'S NEW: Fertilizer stocks may not rise much this year, as their multiples have already increased significantly compared with chemical and mining stocks, and the market as a whole, BMO Capital analyst Joel Jackson wrote. Moreover, Jackson believes that the stocks already reflect the lift that the sector typically gets during January and February, along with the possibility that the Belarusian Potash Company will be rejuvenated. A cartel that was created in an effort to keep fertilizer prices high, the company was disbanded when Russian potash maker Uralkali withdrew from it last year. Moreover, analysts' 2014 and 2015 estimates for the sector must drop further, partly because crop prices have dropped significantly, while the potash supply/demand dynamic is deteriorating, the analyst added. He identified Agrium (AGU) as his top pick in the sector, and kept Market Perform ratings on Potash (POT) and Mosaic (MOS). He maintained an Underperform rating on Intrepid Potash (IPI). PRICE ACTION: In late morning trading, Potash gained 2% to $35, Mosaic advanced 3% to $49.50, Agrium added 0.7% to $94.30, and Intrepid Potash rallied 4% to $17.
News For POT;IPI;MOS;AGU From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
January 28, 2015
12:50 EDTPOTEarnings Preview: Potash sees 'strong customer engagement' in Q4
Subscribe for More Information
January 23, 2015
06:29 EDTAGUAgrium volatility flat on sharp rally
Subscribe for More Information
January 22, 2015
15:17 EDTAGUAgrium downgraded to Hold from Buy at Standpoint Research
Subscribe for More Information
07:38 EDTAGUAgrium raises target dividend payout ratio to 40%-50%, announce NCIB
Subscribe for More Information
January 21, 2015
10:01 EDTAGUOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:08 EDTAGUAgrium downgraded to Hold from Buy at Miller Tabak
January 20, 2015
08:26 EDTAGU, POT, MOSAgrium preferred over Potash, Mosaic at Canaccord
Canaccord said they prefer Agrium (AGU) over both Potash (POT) and Mosaic (MOS). Mosaic raised its guidance due to its phosphate business, but with a lack of catalysts expected in the potash market in 2015 the firm continues to see solid growth volume, increasing nitrogen margins, and free cash flow expansion for Agrium. Canaccord maintains its Buy rating on Agrium and its Hold rating on both Mosaic and Potash shares.
January 19, 2015
16:29 EDTMOSMosaic expects 'further business strength' into 2015
Subscribe for More Information
16:28 EDTPOT, MOS, AGUMosaic raises Q4 EPS outlook to 83c-88c, consensus 57c
The Mosaic Company announced that it expects reported phosphates volume and phosphates and potash margins to exceed previously provided guidance ranges, and that potash volumes will be at the high end of guidance range, resulting in Q4 earnings per share in the range of 93c-98c, including 10c in net benefits from notable items. The notable items include early estimates of discrete tax benefits, primarily related to the acquisition of a Brazilian distribution business, which may change. The company expect earnings, excluding notable items, to be in the range of 83c-88c. The consensus EPS estimate is 57c..Mosaic stated, "Demand for potash and phosphates exceeded our expectations during the fourth quarter,. We were cautiously optimistic going into the fall application season with good crop nutrient affordability and an empty supply chain, but customers came to the market in force, as they sought to position inventory in anticipation of a strong spring season and increasing crop nutrient prices...Our Phosphates business sold 3.3 million tonnes of finished product during the quarter - well above our expectations - and our Potash business produced at a high operating rate due to a successful proving run at the Colonsay mine." Mosaic's peers include Potash (POT) and Agrium (AGU).
January 14, 2015
10:00 EDTMOSOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
08:34 EDTMOSMosaic upgraded at BMO Capital
Subscribe for More Information
06:52 EDTMOSMosaic upgraded to Outperform from Market Perform at BMO Capital
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use