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January 15, 2014
11:30 EDTPOT, IPI, MOS, AGUAnalyst 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
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October 1, 2014
17:49 EDTPOT, AGU, MOSFertilizer companies down after Agrium EPS guidance lower than estimates
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17:12 EDTAGUAgrium down nearly 5% following Q3, 2H14 guidance
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17:03 EDTAGUAgrium provides update on 2H14
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17:02 EDTAGUAgrium sees Q3 EPS 45c-55c, consensus 68c
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09:47 EDTAGUAgrium estimates lowered on higher costs, crop protection volumes at Cleveland
Cleveland Research lowered Agrium's FY14 and FY15 estimates due to higher wholesale costs and reduced retail crop protection volumes. The analyst has concerns consensus estimates are too high and that farmers will remain more cautious until corn prices return to at least $4/bu. Shares are Neutral rated.
September 30, 2014
09:15 EDTMOSMosaic sees Q3 potash and phosphate sales at lower-end of previous outlook
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09:10 EDTMOSOn The Fly: Pre-market Movers
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09:04 EDTMOSMosaic reduces phosphate fertilizer production
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September 28, 2014
19:23 EDTPOTThis harvest could be trouble for Deere, Potash, Monsanto, Barron's says
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September 23, 2014
07:39 EDTIPIScotiabank to hold a conference
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