Mosaic Co (NYSE:MOS) had its price objective hoisted by research analysts at Royal Bank Of Canada from $22.00 to $24.00 in a report released on Wednesday. The brokerage currently has a “sector perform” rating on the stock.
Other research analysts also recently issued research reports about the company. HSBC Holdings plc initiated 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. Cleveland Research raised Mosaic from a “neutral” rating to a “buy” rating in a research note on Wednesday. Morgan Stanley dropped their price objective on Mosaic from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Monday, August 7th. Stifel Nicolaus reaffirmed a “hold” rating and set a $24.00 price objective (down previously from $27.00) on shares of Mosaic in a research note on Tuesday, August 8th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $25.00 price objective on shares of Mosaic in a research note on Friday, September 8th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of C$23.91.
Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, October 31st. The company reported C$0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.25 by C$0.18. The company had revenue of C$1.98 billion for the quarter, compared to the consensus estimate of C$1.93 billion. Mosaic had a return on equity of 4.03% and a net margin of 5.20%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.41 EPS.
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In other news, Director Robert L. Lumpkins bought 7,000 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was acquired at an average cost of C$19.94 per share, for a total transaction of C$139,580.00. Following the purchase, the director now owns 9,339 shares of the company’s stock, valued at approximately C$186,219.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Large investors have recently modified their holdings of the stock. YorkBridge Wealth Partners LLC lifted its stake in Mosaic by 13,636.4% in the 3rd quarter. YorkBridge Wealth Partners LLC now owns 6,044 shares of the company’s stock valued at $130,000 after purchasing an additional 6,000 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Mosaic by 8.7% in the 2nd quarter. Pacer Advisors Inc. now owns 7,366 shares of the company’s stock valued at $168,000 after purchasing an additional 587 shares during the last quarter. CrestPoint Capital Management LLC acquired a new stake in Mosaic in the 2nd quarter valued at about $208,000. Greenwood Capital Associates LLC lifted its stake in Mosaic by 30.5% in the 2nd quarter. Greenwood Capital Associates LLC now owns 9,445 shares of the company’s stock valued at $216,000 after purchasing an additional 2,210 shares during the last quarter. Finally, Westover Capital Advisors LLC acquired a new stake in Mosaic in the 2nd quarter valued at about $218,000.
Mosaic Company Profile
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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