Royal Bank of Canada Reaffirms “Sector Perform” Rating for Mosaic (NYSE:MOS)

Mosaic (NYSE:MOS)‘s stock had its “sector perform” rating reiterated by equities research analysts at Royal Bank of Canada in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $30.00 target price on the basic materials company’s stock. Royal Bank of Canada’s price target would indicate a potential upside of 15.03% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Barclays dropped their price objective on Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Wells Fargo & Company reduced their target price on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 24th. Finally, Mizuho boosted their price target on Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $33.22.

Mosaic Trading Down 0.2 %

Shares of Mosaic stock traded down $0.04 on Thursday, reaching $26.08. The company had a trading volume of 529,475 shares, compared to its average volume of 4,342,021. The firm has a market cap of $8.31 billion, a price-to-earnings ratio of 23.08, a P/E/G ratio of 1.62 and a beta of 1.35. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.54. The firm’s 50-day moving average price is $26.37 and its two-hundred day moving average price is $27.96. Mosaic has a 1 year low of $24.11 and a 1 year high of $38.30.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Tuesday, November 12th. The basic materials company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same period in the prior year, the firm posted $0.68 earnings per share. Mosaic’s revenue for the quarter was down 20.8% on a year-over-year basis. As a group, research analysts predict that Mosaic will post 2.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Highlander Capital Management LLC boosted its position in shares of Mosaic by 515.4% in 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 in the last quarter. Blue Trust Inc. grew its position in Mosaic by 40.0% during the 2nd quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 351 shares during the last quarter. ANTIPODES PARTNERS Ltd purchased a new stake in Mosaic during the 2nd quarter worth approximately $46,000. Larson Financial Group LLC raised its holdings in shares of Mosaic by 180,900.0% in the third quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock worth $48,000 after buying an additional 1,809 shares during the last quarter. Finally, Kimelman & Baird LLC purchased a new position in Mosaic in the 2nd quarter worth $49,000. Institutional investors own 77.54% of the company’s stock.

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.