Mosaic (NYSE:MOS) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Mosaic (NYSE:MOS) had its target price hoisted by equities research analysts at Royal Bank of Canada from $27.00 to $28.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “sector perform” rating on the basic materials company’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 23.51% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Piper Sandler increased their price target on Mosaic from $30.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, January 27th. Wells Fargo & Company dropped their price objective on shares of Mosaic from $29.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Monday. Oppenheimer began coverage on Mosaic in a research report on Thursday, December 12th. They set a “market perform” rating for the company. Scotiabank lowered their price objective on Mosaic from $34.00 to $31.00 and set a “sector outperform” rating for the company in a research note on Monday. Finally, JPMorgan Chase & Co. upgraded Mosaic from a “neutral” rating to an “overweight” rating and raised their target price for the company from $26.00 to $29.00 in a research note on Monday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $31.70.

Mosaic Stock Down 2.8 %

NYSE MOS traded down $0.66 on Tuesday, reaching $22.67. The company had a trading volume of 1,727,963 shares, compared to its average volume of 5,545,113. The firm has a market capitalization of $7.20 billion, a PE ratio of 20.13, a P/E/G ratio of 1.42 and a beta of 1.34. The firm has a 50-day moving average of $26.21 and a 200-day moving average of $26.39. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. Mosaic has a 1 year low of $22.48 and a 1 year high of $33.44.

Hedge Funds Weigh In On Mosaic

Several large investors have recently bought and sold shares of the stock. Brooklyn Investment Group lifted its stake in shares of Mosaic by 110.8% in the 4th quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 587 shares during the period. R Squared Ltd bought a new stake in Mosaic during the fourth quarter worth approximately $33,000. Tobam acquired a new stake in Mosaic in the fourth quarter worth approximately $38,000. Heck Capital Advisors LLC bought a new position in Mosaic during the 4th quarter valued at $41,000. Finally, Larson Financial Group LLC increased its position in shares of Mosaic by 180,900.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 1,809 shares during the period. Institutional investors and hedge funds 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.