Stock price when the opinion was issued
Long term, there's secular growth in the agriculture industry. Less arable land around the world, so farmers need more inputs for the land. Stock's fallen since 2022, 200-day MA has turned, and stock's below that. Commodity prices, such as for corn and soybeans, have fallen; not conducive to farmers spending on crops.
Commodities are super-cyclical, tend to move in 10-year cycles. Watch and wait for the turnaround.
Commodity index hasn't done well either, and NTR is somewhat correlated with that. Unperformed, but now forming a base. Not seeing a strong impetus for stock to increase. Commodities are taking a backseat to tech and growth.
Longer term, will be a fantastic play as fertilizer demand grows. But not now.
Sounds counterintuitive, but WFG and trees are going to be beneficiaries. US still needs them, just going to pay higher prices.
GRT.UN is a good name. PKI works well here. Materials sector, with a name like NTR.
There's even a part of the TSX that does well with a falling CAD, as earnings get amplified.
World's largest ag-crop nutrient business. Vertically integrated. Believes prices for its input commodities have bottomed, supported by high and rising cash-crop prices. Farmers have to replace nutrients in soil, which was delayed while prices were so high. Trades at book value. Bounced off lows, but still sees upside. In his dividend growers mandate. Yield is 4%.
(Analysts’ price target is $84.66)