Shares of Nutrien Ltd. (NYSE:NTR) traded today at $66.78, eclipsing its 52-week high. This new high was reached on below average trading volume as 732,000 shares traded hands, while the average 30-day volume is approximately 1.4 million shares.
Nutrien Ltd. share prices have moved between a 52-week high of $66.78 and a 52-week low of $37.51 and are now trading 77% above that low price at $66.48 per share.
Based on a current price of $66.48, Nutrien Ltd. is currently 50.2% above its average consensus analyst price target of $33.13.
Created in 2018 as a result of the merger between PotashCorp and Agrium, Nutrien is the world’s largest fertilizer producer by capacity. Nutrien produces the three main crop nutrients–nitrogen, potash, and phosphate–although its main focus is potash, where it is the global leader in installed capacity with roughly 20% share. The company is also the largest agricultural retailer in the United States, selling fertilizers, crop chemicals, seeds, and services directly to farm customers through both its physical stores and online platforms.
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