TD Securities Remains a Buy on Agrium

By Ryan Adsit

In a report issued on November 7, Greg Barnes from TD Securities reiterated a Buy rating on Agrium (NYSE: AGU), with a price target of $134. The company’s shares closed yesterday at $106.87.

According to, Barnes is a 3-star analyst with an average return of 3.3% and a 56.5% success rate. Barnes covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Teck Resources Limited.

Currently, the analyst consensus on Agrium is Moderate Buy and the average price target is $114.33, representing a 7.0% upside.

In a report issued on November 3, Cowen & Co. also reiterated a Buy rating on the stock with a $109 price target.

The company has a one-year high of $111.88 and a one-year low of $87.82. Currently, Agrium has an average volume of 316.4K.

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Agrium, Inc. engages in the production and distribution of agricultural products, services, and solutions. It operates through the Retail and Wholesale segments. The Retail segment offers crop nutrients, crop protection products, seed, merchandise and services. The Wholesale segment produces, markets, and distributes crop nutrients and industrial products.