A number of other analysts have also issued reports on the company. Royal Bank Of Canada reissued a “hold” rating on shares of Mosaic in a research note on Wednesday, October 18th. Zacks Investment Research lowered Mosaic from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Stifel Nicolaus reissued a “hold” rating and issued a $24.00 price target on shares of Mosaic in a research note on Thursday, October 12th. HSBC Holdings plc began coverage on Mosaic in a research note on Wednesday, October 11th. They issued a “buy” rating and a $24.80 price target on the stock. Finally, Piper Jaffray Companies set a $23.00 price target on Mosaic and gave the stock a “hold” rating in a research note on Friday, October 6th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. Mosaic presently has a consensus rating of “Hold” and an average target price of C$23.91.
Mosaic (NYSE:MOS) last issued its quarterly earnings results on Tuesday, October 31st. The company reported C$0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.25 by C$0.18. Mosaic had a return on equity of 4.03% and a net margin of 5.20%. The firm had revenue of C$1.98 billion for the quarter, compared to analyst estimates of C$1.93 billion. During the same period last year, the company earned $0.41 EPS. The firm’s quarterly revenue was up 1.7% on a year-over-year basis.
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In related news, Director Robert L. Lumpkins bought 7,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were acquired at an average cost of C$19.94 per share, for a total transaction of C$139,580.00. Following the acquisition, the director now owns 9,339 shares in the company, valued at approximately C$186,219.66. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.
Several large investors have recently made changes to their positions in the stock. CIBC Asset Management Inc raised its holdings in shares of Mosaic by 0.4% during the 2nd quarter. CIBC Asset Management Inc now owns 37,157 shares of the company’s stock valued at $848,000 after buying an additional 149 shares during the period. Sentry Investment Management LLC raised its holdings in shares of Mosaic by 1.0% during the 2nd quarter. Sentry Investment Management LLC now owns 23,662 shares of the company’s stock valued at $540,000 after buying an additional 223 shares during the period. Bank of Hawaii raised its holdings in shares of Mosaic by 0.8% during the 2nd quarter. Bank of Hawaii now owns 36,496 shares of the company’s stock valued at $833,000 after buying an additional 287 shares during the period. Xact Kapitalforvaltning AB raised its holdings in shares of Mosaic by 0.6% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 53,096 shares of the company’s stock valued at $1,212,000 after buying an additional 297 shares during the period. Finally, Louisiana State Employees Retirement System raised its holdings in shares of Mosaic by 1.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 21,800 shares of the company’s stock valued at $498,000 after buying an additional 300 shares during the period.
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.
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