Potash Corporation of Saskatchewan (POT) : The consensus price target for Potash Corporation of Saskatchewan (POT) is $16.7 for the short term with a standard deviation of $3.53. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $23, however, the pessimist price target for the company is $11.
Potash Corporation of Saskatchewan (POT) encountered a rise of 7.1% or 2,784,953 shares in the short positions. The number escalated from 39,084,018 on June 15,2016 to 41,868,971 on June 30,2016. The final interest is 5% of the floated stock. The days to cover figure of 4 can be arrived using the average daily exchange of 11,040,260 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Potash Corporation of Saskatchewan (NYSE:POT). Citigroup has a Neutral rating on the shares. As per the latest research report, the brokerage house lowers the price target to $17 per share from a prior target of $18. The rating by the firm was issued on July 7, 2016.
Potash Corporation of Saskatchewan (NYSE:POT): stock turned positive on Thursday. Though the stock opened at $17, the bulls momentum made the stock top out at $17.38 level for the day. The stock recorded a low of $16.75 and closed the trading day at $17.22, in the green by 2.07%. The total traded volume for the day was 12,975,086. The stock had closed at $16.87 in the previous days trading.
Potash Corporation of Saskatchewan Inc is a fertilizer company. The Company operates in three business segments: potash, nitrogen and phosphate. The Company owns and operates five potash operations in Saskatchewan and one in New Brunswick. Its nitrogen operations involve the production of nitrogen fertilizers and nitrogen feed and industrial products, including ammonia, urea, nitrogen solutions, ammonium nitrate and nitric acid. It has nitrogen facilities in Georgia, Louisiana, Ohio and Trinidad. The Companys phosphate operations include the manufacture and sale of solid and liquid phosphate fertilizers, phosphate feed and industrial acid, which is used in food products and industrial processes. It has phosphate mines and mineral processing plant complexes in Florida and North Carolina. The Company also has four phosphate feed plants in the United States and produce phosphoric acid at its Geismar, Louisiana facility.