BARING ASSET MANAGEMENT Ltd maintained its position in shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) during the second quarter, Holdings Channel reports. The fund owned 1,098,118 shares of the fertilizer maker’s stock at the end of the second quarter. Potash Corporation of Saskatchewan comprises approximately 1.2% of BARING ASSET MANAGEMENT Ltd’s holdings, making the stock its 16th largest position. BARING ASSET MANAGEMENT Ltd’s holdings in Potash Corporation of Saskatchewan were worth $17,899,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Financial Architects Inc boosted its position in shares of Potash Corporation of Saskatchewan by 1.7% in the first quarter. Financial Architects Inc now owns 6,000 shares of the fertilizer maker’s stock valued at $102,000 after buying an additional 100 shares during the period. Cornerstone Advisors Inc. boosted its position in shares of Potash Corporation of Saskatchewan by 1.8% in the second quarter. Cornerstone Advisors Inc. now owns 6,749 shares of the fertilizer maker’s stock valued at $110,000 after buying an additional 122 shares during the period. Lowe Wealth Advisors LLC boosted its position in shares of Potash Corporation of Saskatchewan by 12.7% in the second quarter. Lowe Wealth Advisors LLC now owns 7,520 shares of the fertilizer maker’s stock valued at $123,000 after buying an additional 845 shares during the period. Bessemer Group Inc. boosted its position in shares of Potash Corporation of Saskatchewan by 126.8% in the second quarter. Bessemer Group Inc. now owns 9,892 shares of the fertilizer maker’s stock valued at $162,000 after buying an additional 5,530 shares during the period. Finally, Marshall Wace North America L.P. purchased a new position in shares of Potash Corporation of Saskatchewan during the first quarter valued at approximately $178,000. 60.42% of the stock is owned by hedge funds and other institutional investors.

Potash Corporation of Saskatchewan Inc. (NYSE:POT) opened at 17.61 on Wednesday. The company has a market capitalization of $14.79 billion, a PE ratio of 31.00 and a beta of 0.46. The company has a 50 day moving average price of $17.39 and a 200-day moving average price of $17.18. Potash Corporation of Saskatchewan Inc. has a 12-month low of $15.72 and a 12-month high of $20.26.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last announced its quarterly earnings data on Thursday, July 27th. The fertilizer maker reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by $0.01. Potash Corporation of Saskatchewan had a return on equity of 5.19% and a net margin of 11.07%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $982.05 million. During the same quarter in the prior year, the company earned $0.18 earnings per share. Potash Corporation of Saskatchewan’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, analysts anticipate that Potash Corporation of Saskatchewan Inc. will post $0.62 EPS for the current year.

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Several brokerages recently commented on POT. BMO Capital Markets reaffirmed a “hold” rating and issued a $17.00 target price on shares of Potash Corporation of Saskatchewan in a research report on Friday, July 7th. Raymond James Financial, Inc. lifted their price objective on Potash Corporation of Saskatchewan from $17.00 to $19.00 and gave the company a “market perform” rating in a report on Monday, May 1st. TD Securities reissued a “hold” rating and set a $17.50 price objective on shares of Potash Corporation of Saskatchewan in a report on Friday, April 28th. Royal Bank Of Canada reissued a “buy” rating and set a $19.00 price objective on shares of Potash Corporation of Saskatchewan in a report on Wednesday, May 17th. Finally, Zacks Investment Research cut Potash Corporation of Saskatchewan from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Potash Corporation of Saskatchewan presently has a consensus rating of “Hold” and a consensus price target of $18.18.

Potash Corporation of Saskatchewan Company Profile

Potash Corporation of Saskatchewan Inc (PCS) is a fertilizer producer producing a range of primary crop nutrients, such as potash, nitrogen and phosphate. The Company operates through three segments: potash, nitrogen and phosphate. As of December 31, 2016, it owned and operated five potash operations in Saskatchewan and owned one in New Brunswick.

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Institutional Ownership by Quarter for Potash Corporation of Saskatchewan (NYSE:POT)

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