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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Nutrien Ltd    NTR   CA67077M1086

NUTRIEN LTD

(NTR)
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Nutrien's potash earnings to take a hit on mine shutdowns

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09/11/2019 | 07:46pm EDT

(Reuters) - Fertilizer producer Nutrien Ltd said on Wednesday it would face a $100-$150 million reduction in its annual potash EBITDA as a result of inventory shutdowns at three potash mines due to a short-term slowdown in global potash markets.

The company said it planned eight-week inventory shutdowns at its Allan, Lanigan and Vanscoy potash mines in the fourth quarter, adding it would reduce potash production by about 700,000 tonnes.

"Despite the current short-term market conditions, we remain positive on potash demand for 2020, as well as the medium to long-term potash fundamentals," Nutrien said in a statement.

Nutrien lowered its 2019 potash sales volume forecast in July, hurt by the China-U.S. trade war and lower demand from India.

(Reporting by Sathvik N in Bengaluru; editing by Darren Schuettler)

Stocks mentioned in the article
ChangeLast1st jan.
GOLD 1.16% 1517.063 Delayed Quote.16.29%
NUTRIEN LTD -0.88% 68.47 Delayed Quote.7.74%
SILVER 0.90% 17.96 Delayed Quote.14.34%
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Financials (USD)
Sales 2019 19 842 M
EBIT 2019 2 637 M
Net income 2019 1 522 M
Debt 2019 8 950 M
Yield 2019 2,59%
P/E ratio 2019 26,7x
P/E ratio 2020 20,5x
EV / Sales2019 2,43x
EV / Sales2020 2,27x
Capitalization 39 225 M
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Mean consensus BUY
Number of Analysts 24
Average target price 65,07  $
Last Close Price 68,47  $
Spread / Highest target 0,34%
Spread / Average Target -4,97%
Spread / Lowest Target -11,8%
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Managers
NameTitle
Charles V. Magro President, CEO & Non-Independent Director
Derek George Pannell Non-Executive Chairman
Pedro Farah Chief Financial Officer & Executive Vice President
Brent D. Poohkay Chief Information Officer & Executive VP
Christopher M. Burley Independent Director
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