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6 Agriculture Stocks With Upside

2. Potash Corporation of Saskatchewan (POT - Get Report) is an integrated fertilizer and related industrial and feed products company owning five potash mines in Saskatchewan and one in New Brunswick and Canada. The company has nitrogen facilities in Georgia, Louisiana, Ohio and Trinidad.

Second quarter 2011 sales were reported at $2.3 billion, up 61.8% from the same quarter last year. The company achieved potash production of 2.6 million metric tons, vs. 2.2 million metric tons in the prior-year quarter.

The company recorded second-quarter earnings of $840 million, increasing 81% from $480 million in the second-quarter of 2010. Higher sales and rising prices doubled EBITDA to $793 million from $411 million in the corresponding period of 2010.

Heading into the third quarter, EPS is estimated between 80 cents and $1, while the company's full-year 2011 earnings per share guidance range has been revised upwards to $3.4 to $3.80. The company recently announced a $7.6 billion potash expansion plan to improve operational capacity at its potash mine sites. This program is expected to improve operational capability to 17.1 million metric tons by 2015. Besides production, these expansions would help create jobs and support local businesses and communities, thus benefiting the economy at large.

Of the 21 analysts covering the stock, 71% recommend a buy. The stock is trading at 12 times its estimated 2011 earnings with estimated upside of 51% in the next one year.
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CF $33.07 0.00%
MOS $27.99 0.00%
MON $93.68 0.00%
POT $17.72 0.00%
SYT $80.57 0.00%


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