08:32:49 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



Agrium Inc
Symbol AGU
Shares Issued 140,459,000
Close 2015-10-02 C$ 118.37
Market Cap C$ 16,626,131,830
Recent Sedar Documents

Inv Reporter says buy Agrium

2015-10-02 21:13 ET - In the News

The Investment Reporter, in its Sept. 25, 2015, issue, says buy Agrium Inc., recently $136.12. The Reporter said buy 12 times from Nov. 27, 1997, to Sept. 21, 2012, at prices ranging from $12.20 to $98.85. Assuming an investment of $1,000 for each of the 12 buys, the $12,000 position would now be worth a splendid $58,939. The newsletter has added the fertilizer manufacturing company to its list of key stocks. Agrium has two businesses: its retail business sells agricultural products in 1,375 outlets in the Americas, Australia and Egypt; the wholesale business produces and sells agricultural nutrients such as nitrogen, phosphate and potash. In 2015, the company is expected to earn $7.07 (U.S.) a share, up from $5.92 (U.S.) a share. Based on this year's earnings estimate, the shares trade at a fairly high price-to-earnings ratio of 19.3. The P/E ratio based on the 2016 earnings estimate of $8.91 (U.S.) is a better 15.3. Agrium has raised its dividend each year since 2010; it currently pays a dividend of $3.50 (U.S.) a share. This works out to $4.63 (Canadian) a share, which is an attractive yield of 3.4 per cent. The stock is a buy for long-term price gains and high and rising dividends.

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