Mosaic (NYSE:MOS) Price Target Raised to $30.00 at Royal Bank of Canada

Mosaic (NYSE:MOS) had its target price lifted by Royal Bank of Canada from $28.00 to $30.00 in a report issued on Friday morning,Benzinga reports. They currently have a sector perform rating on the basic materials company’s stock.

Several other research analysts have also weighed in on the company. Barclays raised Mosaic from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $27.00 to $33.00 in a research report on Wednesday, March 19th. Morgan Stanley dropped their price target on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Mizuho decreased their price objective on shares of Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday, March 3rd. Scotiabank upped their target price on shares of Mosaic from $31.00 to $34.00 and gave the company a “sector outperform” rating in a report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. upgraded Mosaic from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $26.00 to $29.00 in a research note on Monday, March 3rd. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $32.83.

Mosaic Price Performance

NYSE:MOS opened at $23.48 on Friday. Mosaic has a 52-week low of $22.48 and a 52-week high of $33.44. The company has a market cap of $7.44 billion, a P/E ratio of 20.77, a P/E/G ratio of 1.42 and a beta of 1.34. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. The stock’s 50-day simple moving average is $26.39 and its 200 day simple moving average is $26.22.

Mosaic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.88 annualized dividend and a dividend yield of 3.75%. Mosaic’s dividend payout ratio (DPR) is presently 160.00%.

Institutional Trading of Mosaic

Institutional investors have recently bought and sold shares of the business. Brooklyn Investment Group boosted its stake in shares of Mosaic by 110.8% in the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock valued at $27,000 after buying an additional 587 shares during the period. R Squared Ltd bought a new stake in shares of Mosaic during the 4th quarter valued at $33,000. Tobam acquired a new stake in shares of Mosaic during the 4th quarter worth $38,000. Heck Capital Advisors LLC bought a new position in shares of Mosaic in the fourth quarter worth $41,000. Finally, Ethos Financial Group LLC acquired a new position in Mosaic in the fourth quarter valued at about $55,000. 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.