Farmers Edge (FDGE) & Nutrien (NTR): 2 TSX agriculture stocks to buy

2 min read | February 10, 2022 02:04 AM AEDT | By Kajal Jain

Farmers Edge (FDGE) & Nutrien (NTR): 2 TSX agriculture stocks to buy — Image source: © 2022 Kalkine Media®

Nutrien Ltd (TSX: NTR)

Nutrien Ltd is a North American fertilizer company that produces crop nutrients, mainly potash, nitrogen and phosphate, to the global market.

The C$ 52-billion market cap agriculture company recorded US$ 6.02 billion in sales in the third quarter of fiscal 2021.

The Saskatoon, Saskatchewan-headquartered company also made a profit of US$ 726 million in the latest quarter, as against a net loss of US$ 587 million a year ago.

NTR stock jumped by about a per cent in a day, leading the agriculture stock to closed at C$ 95.29 apiece on Tuesday, February 8.

Also read: BMO & RBC (RY): 2 TSX dividend stocks that can boost your passive income

Farmers Edge Inc (TSX:FDGE)

Farmers Edge is a Winnipeg, Manitoba-based company that leverages its proprietary technology to improve agricultural businesses.

The agritech firm generated a revenue of C$ 6.82 million in its Q3 FY2021, as compared to that of C$ 10.33 million a year ago.

The digital agriculture solutions provider has a return on equity (ROE) of 93.90 per cent.

Farmers Edge stock closed at a value of C$ 2.4 apiece on Tuesday, having surged notably from its 52-week low of C$ 2.45 apiece.

Bottomline

Agricultural companies, in general, are often advised to manage their production operations and take measures to minimize the potential risk that can hurt their produce. Taking note of these factors can help them utilize certain market opportunities and earn significant profit by supplying their produce accordingly.

Also read: Saputo (SAP) & Loblaw (L): 2 TSX stocks for you as milk prices rise

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