11 Best Potash Stocks to Buy According to Hedge Funds

Page 8 of 10

3. Nutrien Ltd. (NYSE:NTR)

Number of Hedge Fund Holders: 33

Nutrien Ltd. (NYSE:NTR) is one of the world’s largest potash producers and a leading provider of crop inputs and services. The company operates a vast network of potash mines in Canada and caters to farmers globally with high-quality fertilizers. Nutrien Ltd.’s (NYSE:NTR) integrated approach combines potash production with agronomic solutions and tailored advice to maximize crop yields.

To drive growth and expansion, Nutrien Ltd. (NYSE:NTR) is focusing on increasing its production and sales of potash and nitrogen with limited capital expenditures by leveraging its existing assets and infrastructure. The company has set a target to increase upstream sales volumes by 2 to 3 million tons by 2026 compared to 2023 levels and has already made significant progress towards this goal, with a 1.3 million ton increase in sales volumes through the first nine months of 2024.

Additionally, Nutrien Ltd. (NYSE:NTR) is investing in mine automation and debottlenecking projects to further increase efficiency and reduce costs. The company has increased potash production across its six-mine network and lowered its controllable cash cost of production to $52 per tonne. This reduction in costs has been driven by higher production volumes and the benefits of mine automation investments. The company expects to further optimize capital expenditures in 2025, which will strengthen free cash flow. Additionally, Nutrien Ltd. (NYSE:NTR) is investing in growth platforms such as proprietary products, network optimization, and tuck-in acquisitions, which are expected to drive long-term growth and profitability.

Page 8 of 10