13 Best Magnesium Stocks to Buy Right Now

5. Nutrien Ltd. (NYSE:NTR)

Number of Hedge Fund Holders: 32

Nutrien Ltd. (NYSE:NTR), a multinational leader in crop inputs and services, operates through four segments: Phosphate, Potash, Ag Solutions, and Nitrogen. The company supplies a variety of products ranging from fertilizers, crop protection, agricultural services, and seeds. Its product portfolio comprises assorted fertilizers essential for plant growth, including sulfur, calcium, phosphorus, nitrogen, potassium, and magnesium.

Nutrien Ltd. (NYSE:NTR) reported an adjusted EBITDA of $5.4 billion for the year ended December 31, 2024, despite low fertilizer prices. Fueled by stronger-than-expected crop protection margins in North America, the company witnessed a 16% rise in retail adjusted EBITDA. However, due to lower net selling prices and weather-related production setbacks, the Potash and Phosphate segments faced difficulties, with their adjusted EBITDA decreasing. Whereas, the Nitrogen segment generated $1.9 billion in adjusted EBITDA by increasing sales volumes and reducing natural gas costs, maintaining a stable performance.

Furthermore, Nutrien enhanced its upstream business by growing fertilizer sales volumes by nearly one million tons compared to 2023. Nutrien Ltd. (NYSE:NTR) also made advancements in potash segments and achieved a 35% automation rate while working toward its 40-50% target. Retail enhancement initiatives generated $200 million in cost savings, anticipated to be fully realized by 2025, one year ahead of schedule.

Looking ahead to 2025, particularly in the U.S. corn acreage and potash markets, the company expects strong demand for crop inputs. It has also increased its 2025 potash shipment forecast to 71-75 million tons. Thus, Nutrien Ltd. (NYSE:NTR) remains well-positioned for growth, despite the possible tariff concerns impacting Canadian potash exports to the U.S. To prioritize nitrogen projects, retail network optimization, and potash automation, the company aims to allocate $2.0-2.1 billion in capital expenditures.

As such, Nutrien Ltd. (NYSE:NTR) remains one of the best magnesium stocks to buy, with stable dividends and ongoing share repurchases, positioning itself for sustainable growth in 2025 and beyond.