The Mosaic (NYSE:MOS) Shares Gap Down to $35.03


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The Mosaic Company (NYSE:MOS) gapped down before the market opened on Tuesday . The stock had previously closed at $35.03, but opened at $33.20. The Mosaic shares last traded at $33.34, with a volume of 57,273 shares trading hands.

Several research firms have weighed in on MOS. BNP Paribas began coverage on The Mosaic in a report on Tuesday, January 19th. They set an “outperform” rating and a $33.00 target price on the stock. Royal Bank of Canada raised their target price on The Mosaic from $36.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, April 5th. Zacks Investment Research lowered The Mosaic from a “strong-buy” rating to a “hold” rating and set a $34.00 target price on the stock. in a report on Wednesday, April 21st. Barclays raised their target price on The Mosaic from $19.00 to $33.00 and gave the company an “equal weight” rating in a report on Monday, February 22nd. Finally, Exane BNP Paribas started coverage on The Mosaic in a research note on Wednesday, January 20th. They issued an “outperform” rating and a $33.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $28.92.

The firm has a market capitalization of $12.94 billion, a price-to-earnings ratio of -12.21, a P/E/G ratio of 2.79 and a beta of 1.81. The company has a current ratio of 1.31, a quick ratio of 0.72 and a debt-to-equity ratio of 0.52. The firm has a fifty day moving average price of $32.70 and a 200 day moving average price of $26.40.

The Mosaic (NYSE:MOS) last announced its earnings results on Monday, May 3rd. The basic materials company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.50 by $0.07. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same period in the previous year, the firm earned ($0.06) earnings per share. The firm’s revenue was up 27.8% compared to the same quarter last year. As a group, equities analysts predict that The Mosaic Company will post 0.47 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of MOS. Norges Bank bought a new position in The Mosaic in the 4th quarter worth approximately $114,687,000. Renaissance Technologies LLC raised its position in The Mosaic by 184.7% in the 4th quarter. Renaissance Technologies LLC now owns 2,373,400 shares of the basic materials company’s stock worth $54,612,000 after purchasing an additional 1,539,700 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in The Mosaic by 82.6% in the 4th quarter. UBS Asset Management Americas Inc. now owns 2,911,423 shares of the basic materials company’s stock worth $66,992,000 after purchasing an additional 1,316,679 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of The Mosaic by 164.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,714,873 shares of the basic materials company’s stock valued at $39,459,000 after acquiring an additional 1,065,629 shares during the last quarter. Finally, Morgan Stanley raised its position in shares of The Mosaic by 66.7% during the 4th quarter. Morgan Stanley now owns 2,507,720 shares of the basic materials company’s stock valued at $57,702,000 after acquiring an additional 1,003,221 shares during the last quarter. Hedge funds and other institutional investors own 69.82% of the company’s stock.

The Mosaic Company Profile (NYSE:MOS)

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.

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