Mosaic’s (MOS) “Sector Perform” Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reaffirmed their sector perform rating on shares of Mosaic (NYSE:MOS) in a report published on Monday, Benzinga reports. They currently have a $30.00 target price on the basic materials company’s stock.

A number of other equities research analysts also recently issued reports on the stock. Piper Sandler reduced their price target on shares of Mosaic from $29.00 to $28.00 and set an underweight rating on the stock in a research note on Tuesday, June 11th. Wells Fargo & Company lowered their price objective on Mosaic from $31.00 to $29.00 and set an equal weight rating for the company in a research report on Friday. UBS Group decreased their price target on shares of Mosaic from $33.00 to $30.00 and set a neutral rating for the company in a research note on Tuesday, July 9th. Scotiabank dropped their price objective on shares of Mosaic from $40.00 to $38.00 and set a sector outperform rating on the stock in a research report on Monday, May 6th. Finally, Barclays reduced their price objective on shares of Mosaic from $42.00 to $39.00 and set an overweight rating on the stock in a report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Mosaic has an average rating of Hold and a consensus price target of $35.92.

Mosaic Trading Up 0.1 %

Shares of Mosaic stock opened at $27.40 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.16 and a quick ratio of 0.51. The stock’s 50 day simple moving average is $28.30 and its 200-day simple moving average is $30.05. The stock has a market cap of $8.81 billion, a P/E ratio of 11.64, a P/E/G ratio of 1.59 and a beta of 1.41. Mosaic has a 1-year low of $26.09 and a 1-year high of $40.71.

Mosaic (NYSE:MOS) last posted its earnings results on Tuesday, August 6th. The basic materials company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.12). The business had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Mosaic had a net margin of 6.07% and a return on equity of 8.23%. Mosaic’s revenue for the quarter was down 17.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.04 EPS. Analysts predict that Mosaic will post 2.59 EPS for the current fiscal year.

Hedge Funds Weigh In On Mosaic

Institutional investors have recently modified their holdings of the business. Highlander Capital Management LLC boosted its stake in Mosaic by 515.4% during the 1st quarter. Highlander Capital Management LLC now owns 800 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 670 shares during the period. Mather Group LLC. purchased a new stake in shares of Mosaic in the first quarter valued at about $40,000. Blue Trust Inc. boosted its stake in shares of Mosaic by 40.0% during the second quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock worth $36,000 after buying an additional 351 shares during the period. Fidelis Capital Partners LLC purchased a new position in shares of Mosaic during the first quarter worth about $50,000. Finally, ANTIPODES PARTNERS Ltd purchased a new position in shares of Mosaic during the second quarter worth about $46,000. 77.54% of the stock is owned by institutional investors and hedge funds.

About Mosaic

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.