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Nutrien Ltd
Symbol NTR
Shares Issued 488,253,920
Close 2025-05-12 C$ 78.59
Market Cap C$ 38,371,875,573
Recent Sedar Documents

Globe says Nutrien seen as a "solid defensive ag name"

2025-05-13 09:13 ET - In the News

The Globe and Mail reports in its Tuesday, May 13, edition that RBC Capital analyst Andrew Wong has reaffirmed his "outperform" recommendation for Nutrien. The Globe's David Leeder writes in the Eye On Equities that Mr. Wong gave his share target a $5 boost to $65 (all figures U.S.). Analysts on average target the shares at $62.05. Mr. Wong says in a note: "We think Nutrien continues to execute well with retail set to achieve 2026 targets, cost savings on-track for early realization, and more efficient capex spend, while ag and fertilizer fundamentals are supportive. We forecast solid cash generation at $2-billion (8-per-cent yield) annually, supporting a rock-solid dividend, regular buybacks and opportunistic retail M&A. We think the negative share price reaction to a Q1 miss was misguided and remain positive on Nutrien as a solid defensive ag name with strong fundamentals amid broader macro and trade uncertainty." The Globe reported on July 16 and Oct. 3 that Mr. Wong was sticking with his "outperform" recommendation for Nutrien. The shares could then be had for $50.91 and $49.94. The Globe reported on Feb. 21 that Raymond James rated Nutrien "outperform." The shares were then going for $52.59.

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