11:12 AM EST, 11/25/2024 (MT Newswires) -- Fertilizer equities including Nutrien ( NTR ) were mixed over the past week, RBC Capital Markets said over the weekend.

RBC maintained the Nutrien's ( NTR ) outperform rating and US$46.93 price target. Nutrien's ( NTR ) shares were last seen trading at US$47.13 at last look on the New York Stock Exchange.

RBC said nitrogen pure-plays CF Industries (CF) and LSB rising on higher international natural gas prices due to escalating conflict in the Russia/Ukraine war.

RBC added that fertilizer prices overall remain relatively unchanged, with the Northern Hemisphere seasonally slow and buying from key regions mainly India and Brazil pausing at this time.

Based on feedback from investors, RBC said CF Industries remains the go-to name among the fertilizer equities into year-end while it received more questions on Mosaic (MOS) following the post-quarter sell-off and potential combination of better operations and elevated phosphate prices.

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