Latest news with #potash
Yahoo
18 hours ago
- Business
- Yahoo
JPMorgan Reiterates ‘Neutral' Rating on Sociedad Química y Minera de Chile S.A. (SQM); Raises PT
Sociedad Química y Minera de Chile S.A. (NYSE:SQM) is included in our list of the . Pixabay/Public Domain On July 28, 2025, JPMorgan reiterated its 'Neutral' rating, raising the price target for Sociedad Química y Minera de Chile S.A. (NYSE:SQM) from $39 to $41. This price revision comes just a month after the analyst reduced its target for the company amid softer lithium price forecasts and weaker Q1 performance of SQM. In Q1, while electric vehicle demand rebounded, the analyst remains wary of trade tensions and over-supply concerns in the lithium market. The analyst reduced SQM's 2025 EBITDA forecast to $1.407 billion, which is 4% below consensus. Furthermore, the analyst noted that Sociedad Química y Minera de Chile S.A. (NYSE:SQM) is burning $77 million in cash, with a valuation of 9x forward EV/EBITDA. Thus, the analyst sees limited room for a rerating in the short term. The analyst attributed the price target increase to the lithium market recovery. Catering to global agriculture, energy, and technology sectors, Sociedad Química y Minera de Chile S.A. (NYSE:SQM) produces lithium, iodine, potassium, and industrial chemicals. The company also produces potash-based fertilizers. It is included in our list of the best potash stocks. While we acknowledge the potential of SQM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 14 Cheap Transportation Stocks to Buy According to Analysts and 10 Cheap Lithium Stocks to Buy According to Hedge Funds. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18 hours ago
- Business
- Yahoo
UBS, Wells Fargo, and Oppenheimer Raise PT on Nutrien Ltd. (NTR)
With upside potential and strong hedge fund interest, Nutrien Ltd. (NYSE:NTR) is included in our list of the . CECIL BO DZWOWA/ On July 23, 2025, UBS raised its price target for Nutrien Ltd. (NYSE:NTR) from $56 to $64, maintaining a 'Neutral' rating. This price revision comes amid expectations of medium-term declines in Nitrogen, Phosphorus, and Potassium (NPK) fertilizer prices. Previously, on July 17, Wells Fargo also increased its price target for Nutrien Ltd. (NYSE:NTR) to $62, reflecting optimism surrounding the company's Q2 results. However, the analyst advised caution due to the company's share price year-to-date rally. Meanwhile, Oppenheimer expressed the most bullish stance. The analyst, who increased the price target to $63 on May 13, 2025, raised the target again to $65 on July 15. The company, having missed expectations in Q1 due to weather-driven volume shifts, is expected to report a stronger Q2 performance, driving the analyst's optimism. While Nutrien Ltd. (NYSE:NTR)'s short-term outlook remains mixed among analysts, it is projected to have a strong long-term outlook. Operating through its Nutrien Ag Solutions, Potash, Nitrogen, and Phosphate segments, Nutrien Ltd. (NYSE:NTR) manufactures potash, nitrogen, and phosphate products for agricultural, industrial, and feed market segments. It is included in our list of the best potash stocks. While we acknowledge the potential of NTR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 14 Cheap Transportation Stocks to Buy According to Analysts and 10 Cheap Lithium Stocks to Buy According to Hedge Funds. Disclosure: None.
Yahoo
18 hours ago
- Business
- Yahoo
The Andersons, Inc. (ANDE) Announces Q3 2025 Dividend of $0.195 per share
With upside potential and strong hedge fund interest, The Andersons, Inc. (NASDAQ:ANDE) is included in our list of the . Pixabay/Public Domain On June 19, 2025, The Andersons, Inc. (NASDAQ:ANDE) announced a Q3 2025 dividend of $0.195 per share, which is its 115th consecutive quarterly payout since it was listed in 1996. This dividend payment, payable on July 22 to shareholders of record as of July 1, comes amid a mixed outlook for the company. On May 5, 2025, BMO Capital initiated its coverage of The Andersons, Inc. (NASDAQ:ANDE) with a 'Market Perform' rating and a $45 price target. Relative to the company's current share price of $36.43, this price target represents an upside potential of 23.52%. The company's Agribusiness and Renewables segments have been undergoing challenges in recent times, but the analyst highlighted strength in its Nutrient & Industrial division, bolstered by fertilizer profits and strategic investments like Skyland Grain. Given the company's share price nearing its 52-week low and its low price-to-earnings ratio, the analyst believes the stock is undervalued. With its Trade, Renewables, and Nutrient & Industrial segments, The Andersons, Inc. (NASDAQ:ANDE) is a diversified agribusiness that offers grain trading, ethanol, and plant nutrient solutions globally. Under its plant nutrient offerings, the company also provides potash-based fertilizers. It is included in our list of the best potash stocks. While we acknowledge the potential of ANDE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 14 Cheap Transportation Stocks to Buy According to Analysts and 10 Cheap Lithium Stocks to Buy According to Hedge Funds. Disclosure: None.
Yahoo
21-07-2025
- Business
- Yahoo
BHP faces $1.7bn blowout at Jansen project, production pushed to mid-2027
BHP Group has announced a delay and a potential cost overrun of up to $1.7bn (A$2.61bn) at its Jansen potash project in Canada. This comes as the miner reported 'record' copper and iron ore production for fiscal year 2025 (FY25). The Jansen project is crucial to BHP's strategy to diversify its portfolio, with more than a decade invested in its development. The Australia-based mining giant now expects the first stage of the Jansen project to cost between $7bn and $7.4bn, a substantial increase from the initial $5.7bn estimate. BHP attributes the rise to escalated costs, design and scope modifications, and lower than expected productivity. Additionally, the miner has delayed first production to mid-2027, a setback compared with the earlier target of 2026. It is also contemplating a two-year postponement for the second stage of the Jansen project, moving the target to FY31. This decision aligns with the expectation of additional potash supply entering the market in the medium term. In a statement, the company said: "Given potential for additional potash supply coming to the market in the medium term, and as part of our regular review of the sequencing of capital projects under the capital allocation framework, we are considering a two-year extension for the execution of Jansen Stage 2." Despite the challenges at Jansen, BHP highlighted its strong operational performance, with a 'record' copper output of more than two million tonnes (mt) in FY25. However, the company forecasts a decrease in production in FY26 to between 1.8mt and 2mt due to anticipated lower grades at the Escondida mine in Chile. Iron ore production also reached a new high, with BHP's Western Australia operations producing 290mt for the year. In another move, BHP revealed it is evaluating the potential sale of its Western Australia Nickel assets. These assets were placed into temporary suspension late last year amid oversupply in the global nickel market and a sharp plunge in forward consensus nickel prices. The company plans to review the suspension in February 2027. Meanwhile, last month, BHP announced it will collaborate with XCMG Mining Equipment to deliver fleet solutions across its operations worldwide. "BHP faces $1.7bn blowout at Jansen project, production pushed to mid-2027" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Times
18-07-2025
- Business
- Times
BHP pushes back potash mine opening after $1.7bn cost overrun
BHP has warned of a $1.7 billion cost overrun at its project to develop one of the world's biggest potash mines in Canada. The world's largest mining company said that its Jansen mine in Saskatchewan would now not start up until mid 2027, reverting its original schedule and ditching its plans to accelerate first production to the end of next year. BHP approved the first stage of the Jansen development in 2021, its first foray into potash, aiming to meet what it believes will be growing demand for the fertiliser ingredient as the world's population grows and arable land comes under pressure. • BHP boss warns Trump tariffs could be 'significant' hit to trade Mike Henry, BHP's chief executive, said that the first stage of Jansen was now estimated to cost between $7 billion and $7.4 billion, up from $5.7 billion originally. 'The estimated cost increase is driven by inflationary and real cost-escalation pressures, design development and scope changes, and our current assessment of lower productivity outcomes over the construction period,' BHP said, adding that Jansen stage one is now 68 per cent complete. The company approved a $4.9 billion investment in stage two of Jansen in 2023 but said it was now considering delaying first production from the second phase by two years to its financial year ending June 2031, citing the 'potential for additional potash supply coming to market in the medium term'. Analyst at Jefferies said that the '[capital expenditure] blowout at Jansen is the clear negative' and warned that 'the fundamental outlook for potash is very challenging'. The delays and cost overruns overshadowed an otherwise strong trading update including record iron ore and copper production ahead of BHP's annual results for the year to the end of June. The Australian miner was a FTSE 100 group until 2022 when it unified its dual company structure behind a primary listing in Australia, retaining only a secondary listing in London. It reported net profits of $7.9 billion in its last financial year, to June 2024 from commodities including iron ore, copper, steelmaking coal and nickel. Copper output rose 8 per cent year on year to top two million tonnes for the first time. Henry said it was 'a record level of production in a commodity critical to urbanisation, digitisation and electrification'. Iron ore output rose 1 per cent to a record 263 million tonnes. 'The efficiency of our infrastructure hubs continues to strengthen performance with rail, port and technology investments delivering tangible production outcomes,' Henry said. Shares in mining companies including BHP were hard hit by President Trump's tariff announcements in April on fears of weaker economic growth hitting commodity demand, but have since recovered their losses. Henry said that commodity demand so far this year had remained resilient, reflecting 'China's ongoing ability to grow its overall export base despite a significant decline in exports to the USA, and its ability to deliver robust domestic demand despite the dislocation in the property sector'. 'Copper and steel demand have benefited from a sharp acceleration in renewable energy investment, electricity grid build out, strong machinery exports and EV sales. While slower economic growth and a fragmenting trading system remain potential headwinds, stimulus efforts by China and the USA would help to mitigate the near-term impact,' he said.
