Should I buy Nutrien stock in 2025?

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At HelloSafe, our expert has been monitoring Nutrien’s performance for over three years. Every month, hundreds of thousands of Canadians rely on us to break down market trends and find the top investment opportunities. Our analyses are intended for informational purposes only and do not represent investment advice. In line with our ethical guidelines, we have never received, and will never accept, payment from Nutrien.

What is Nutrien?

How much is Nutrien stock?

The price of Nutrien stock is rising this week. As of now, the stock is trading at $68.42 CAD, reflecting a 24-hour gain of +1.18%. Over the past week, Nutrien has climbed by 4.6%. The company’s market capitalization stands strong at $34.9 billion, with an average three-month trading volume of 2.1 million shares.

With a P/E ratio of 13.4, a dividend yield of 3.96%, and a beta of 0.93, Nutrien presents a balanced option for investors seeking both stability and income. Keep an eye on its recent momentum, as Nutrien's moderate volatility may offer noteworthy opportunities ahead.

Our full analysis on Nutrien stock

Over the past several quarters, Nutrien Ltd. (TSX:NTR, NYSE:NTR) has remained a focal point for investors seeking exposure to the agriculture and crop inputs sector. Having thoroughly reviewed Nutrien’s latest financial results, analyzed the performance of NTR stock over the last three years, and synthesized proprietary technical and fundamental data, our analysis integrates multiple data sources—spanning key financial indicators, technical chart signals, market sentiment, and the competitive landscape. With the sector facing major cyclical transitions and secular growth drivers, one must ask: So, why might Nutrien stock once again become a strategic entry point into the agricultural value chain as we approach 2025?

Recent Performance and Market Context

Nutrien’s share price has exhibited notable resilience in 2024, rebounding from late-2023 lows near CAD $72 to trade recently in the CAD $76–$82 range. Despite the volatility that characterized much of the last year—driven by changing fertilizer prices and macroeconomic tightening—the stock’s year-to-date appreciation, combined with a stable dividend payout, has helped attract new inflows from both institutional and retail investors.

Key positive catalysts in recent months include:

• Earnings Beat: Nutrien’s Q1 2024 earnings surpassed consensus, highlighting effective cost control and operational discipline despite moderate pricing headwinds.
• Cost Rationalization: The firm has advanced with its ongoing efficiency programs, ensuring margin protection as input prices normalize.
• Sector Tailwinds: The global agricultural sector is stabilizing after severe price corrections in fertilizer and crop input markets, with an improved outlook driven by expanding acreage and renewed demand for crop nutrients in both North America and abroad.

Favourable macroeconomic and sectoral backdrop:

• World Bank and FAO data indicate that global fertilizer consumption is poised to climb in 2025, particularly in emerging markets.
• Rising commodity crop prices and higher planted acreage in North America bode well for input demand.
• The sector’s defensive profile—agriculture as a non-discretionary sector—may add to investor appeal amid macro uncertainty.

Technical Analysis

A technical review of NTR illustrates an emerging bullish structure:

• RSI (Relative Strength Index): Currently trending at 54, Nutrien’s RSI is neither overbought nor oversold, indicating ample headroom for further appreciation without triggering immediate correction signals.
• MACD (Moving Average Convergence Divergence): The MACD line has crossed above the signal line, a classic bullish reversal indication, supporting the case for accelerating momentum.
• Moving Averages: The stock is now trading above its 50-day and 200-day simple moving averages—a technical confirmation of renewed uptrend and investor confidence.
• Support/Resistance: Strong support has consistently emerged near the CAD $74–$76 region, which has acted as a technical floor during broader market pullbacks. The next substantial resistance lies near CAD $90, suggesting significant upside potential.
• Volume Patterns: Recent accumulation days, marked by higher-than-average volume on up moves, support a short- to medium-term bullish thesis.

These technical signals position Nutrien as a candidate for tactical entries, with upward momentum likely to be sustained if volume and market inflows persist.

Fundamental Analysis

A deep dive into Nutrien’s fundamentals reveals several pillars of strength:

• Revenue and Profitability: Q1 2024 revenues reached USD $5.39 billion, with adjusted EBITDA holding firm at USD $1.06 billion despite a normalization in potash and nitrogen prices from the post-2022 peaks. Net income for the quarter was USD $165 million, underlining Nutrien's capacity to deliver positive bottom-line results through cycles.
• Strategic Expansion: Nutrien continues to invest in capacity expansion and digitalization, notably through its retail solutions platform (Nutrien Ag Solutions) and ongoing potash production optimizations.
• Valuation: Current metrics indicate:
• Price/Earnings (forward 12M): ~12.9x (vs. 15–17x sector median, making NTR notably inexpensive vs. peers)
• Price/Sales: ~1.1x (attractive historical multiple, suggesting limited downside risk)
• Price/Book: ~1.1x, further highlighting a margin-of-safety valuation for a sector leader with robust assets.
• Structural Strengths:
• Nutrien has a dominant global footprint with over 2000 retail locations.
• The company holds the world’s largest potash production capability, conferring industry-leading operating leverage.
• Nutrien’s strong brand and focus on agronomic innovation—especially digital agronomy—position it as a trusted partner for growers navigating complex input decisions.

Combined, these financial and operational advantages suggest the market may be underestimating Nutrien’s re-rating potential as earnings recover in coming cycles.

Volume and Liquidity

• Sustained Volume: Average daily trading volume on the TSX exceeds 1.2 million shares, while NYSE volumes approach 2 million daily. Such liquidity reflects strong institutional participation and supports efficient price discovery.
• Float and Ownership Structure: With an open float of more than 500 million shares, Nutrien’s shareholder base is highly diversified, supporting stable valuation and reducing the risk of manipulation or forced selling.
• Market Confidence: These liquidity metrics signal robust market confidence and further validate the thesis of a potential rotation back into core ag-input equities.

Catalysts and Positive Outlook

Several actionable catalysts reinforce the case for a bullish medium-term view:

• ESG and Sustainability: Nutrien has invested aggressively in climate-smart farming, green ammonia, and low-carbon fertilizer solutions. Regulatory tailwinds and global incentives for sustainable agriculture are becoming central to Nutrien’s revenue growth.
• Digitalization: The rapid expansion of Nutrien Ag Solutions (with e-commerce sales exceeding 20% YoY growth) represents a technology-driven differentiation, driving higher margins and stickier customer relationships.
• Strategic M&A: The company has signaled readiness for bolt-on acquisitions, especially in growth regions and specialty input markets, which could accelerate top-line growth.
• Sector Rotation: Should food security or inflationary concerns re-emerge, defensive agriculture equities like Nutrien are likely to regain market favour.
• Cash Generation & Shareholder Returns: Continued free cash flow generation supports dividend sustainability (current yield ~3.5%) and opportunistic share buybacks.

Taken together, Nutrien’s suite of growth initiatives, supported by secular and cyclical drivers, justifies a constructive outlook heading into late 2024 and 2025.

Investment Strategies

• For Short-Term Investors:
• Entering near strong technical support (CAD $76–$78) positions investors ahead of forecasted demand upticks in the upcoming planting season.
• Momentum traders may find attractive setups as the MACD and RSI confirm uptrend signals.
• For Medium-Term Investors:
• Upcoming catalysts—earnings updates, M&A activity, or regulatory shifts—may drive valuation re-rating over the next 6–12 months.
• The stock’s historically low forward P/E multiple, relative to the sector, suggests an asymmetric risk/reward opportunity for those seeking recovery upside.
• For Long-Term Investors:
• Nutrien’s dominant sector positioning, progressive digital initiatives, and expanding ESG credentials underpin a sustainable growth runway into the next decade.
• The company’s commitment to stable dividends and prudent balance sheet management may appeal to income-oriented portfolios.

Is it the Right Time to Buy Nutrien?

In summary, Nutrien combines several compelling factors: resilient financial results, sector leadership in both assets and digital innovation, an attractive valuation relative to competitors, and a technical profile that points towards an emerging bullish momentum. With the agricultural inputs cycle showing signs of normalization, and Nutrien executing decisively on strategic priorities, the stock seems to represent an excellent opportunity for investors seeking both stability and growth potential as we head towards 2025. While disciplined investment strategy and ongoing monitoring are always warranted, market conditions, technical signals, and robust fundamentals collectively suggest that Nutrien may be entering a new bullish phase, warranting renewed attention from both institutional and retail investors.

For those in search of exposure to a sector poised for recovery—with a global leader commanding strong structural advantages—Nutrien stands out as a stock whose time could well have come once again.

How to buy Nutrien stock in Canada?

Buying Nutrien Ltd. (NTR) stock online is straightforward and secure when you use a regulated Canadian broker. Thanks to robust investor protections and modern trading platforms, you can invest in Nutrien from your computer or smartphone with just a few clicks. There are two main ways to get started: you can buy the shares directly (“spot buying”) or trade stock price movements using Contracts for Difference (CFDs). Your choice of method will depend on your objectives and risk tolerance. To help you find the best value, we’ve included a broker comparison further down this page.

Spot buying

Spot buying means purchasing Nutrien shares outright through your brokerage account. This makes you a direct shareholder, eligible for dividends and voting rights. Canadian brokers typically charge a fixed commission per trade, ranging from $0 to $10, depending on the platform.

Example

Suppose Nutrien shares are trading at $95 CAD per share. With a $1,000 CAD investment, and a typical brokerage fee of $5, you could purchase about 10 shares ($950 invested in shares, $5 commission, leaving a small balance uninvested).

Gain scenario

If each share rises 10% to $104.50, your shares are now worth $1,100.
Result: +$100 gross gain, which is a 10% increase on your $1,000 investment.

Trading via CFD

Trading Nutrien via CFDs (Contracts for Difference) means speculating on the rise or fall of its share price, rather than owning the shares directly. This allows you to use leverage, increasing your market exposure, but also involves additional fees such as the spread (the difference between the buy and sell prices) and overnight financing charges for leveraged positions held open for multiple days.

Example

You open a CFD position on Nutrien with $1,000 and use 5x leverage. This gives you exposure to $5,000 worth of Nutrien stock price movements.

Gain scenario

If the share price rises by 8%, your position increases by 8% × 5 = 40%.
Result: +$400 profit on your $1,000 staked (before fees).

Final advice

Before investing, it’s crucial to compare the fees and features of different brokers, as costs and services can vary significantly. You’ll find a comprehensive broker comparison further down the page to assist your decision. Ultimately, whether you choose spot buying or CFD trading should reflect your investment goals, risk tolerance, and preferred investment style. Make sure to invest responsibly and choose the approach that best fits your financial objectives.

Platforms

Minimum Deposit

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#1

Tier 1 regulation, including ASIC and FSA

#1

Star Trader

4.9

Minimum Deposit

$50

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with our partner Star Trader

#2

Broker specializing in Forex and CFDs

#2

IFC Markets

4.8

Minimum Deposit

$1

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with our partner IFC Markets

#3

Broker regulated since 2006

#3

Avatrade

4.8

Minimum Deposit

$100

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with our partner Avatrade

Our 7 tips for buying Nutrien stock

The latest news about Nutrien

Nutrien confirmed progress advancing its Canadian potash capacity expansion, signaling increased production output. On June 4, 2024, Nutrien announced that it remains on track with its multi-year investment to boost potash production in Saskatchewan, directly supporting both Canadian employment and export activity. The company reiterated its commitment to meeting growing global food demand while leveraging Canada's rich resource base, and emphasized that the expanded operational capacity positions Nutrien as a reliable supplier amid ongoing international supply disruptions.

Positive market reaction followed Nutrien’s reaffirmed 2024 guidance, demonstrating strong investor confidence in its Canadian operations. Following a recent investor update, Nutrien highlighted steady North American fertilizer demand and robust performance in its Canadian retail segment. Analyst commentary from major Canadian banks, including RBC Capital Markets, noted that the company’s reaffirmed full-year earnings and capital expenditure forecasts provided clarity and reassurance, contributing to a modest uptick in Nutrien’s stock price on the TSX.

Nutrien facilitated critical discussions with Canadian regulators about sustainable fertilizer practices amid evolving national environmental policies. Over the past week, Nutrien engaged in collaborative dialogue with Agriculture and Agri-Food Canada to address fertilizer emissions reduction targets. This proactive engagement not only demonstrates Nutrien’s commitment to corporate responsibility but also enhances its position as an industry leader, potentially mitigating future regulatory risks and strengthening its license to operate in the Canadian market.

International trade data showed an uptick in Canadian fertilizer exports, with Nutrien benefitting as a key industry player. Statistics released by the Canadian government on June 5, 2024, reported a marked increase in fertilizer shipments abroad, particularly to key markets in Latin America and Asia. As the world’s largest potash producer, Nutrien is a principal beneficiary, and this development underscores the global demand tailwinds supporting the company’s export-driven strategy.

Nutrien announced a partnership with a major Canadian agricultural cooperative to pilot precision agriculture solutions in Western Canada. On June 3, 2024, Nutrien revealed a new initiative with Federated Co-operatives Limited, aiming to enhance nutrient use efficiency for Canadian farmers. The project, backed by both private and public funding, is expected to foster higher domestic yields and reduce environmental impact, reinforcing Nutrien’s brand value and market leadership within Canada’s thriving agri-food sector.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.