Potash, Agrium, other Fertilizer Companies a Buying Opportunity
Fertilizer giants Potash (NYSE:POT) and Agrium (NYSE:AGU) bot advanced strongly today as investors viewed the recent drop in share price as a buying opportunity, as fertilizer prices are expected to increase seasonally as spring demand soars.
Now that the share price of the companies are down, most investors and analysts consider them a buy, in contrast to being overpriced, as thought recently.
Mark Gulley, analyst for Soleil Securities Corp., recently raised his rating on Potash from "sell" to "hold."
Other analysts have encouraged investors to look closely at the fertilizer sector for buying opportunities in light of the recent weakness in share price.
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