The Mosaic (NYSE:MOS) Price Target Increased to $36.00 by Analysts at Royal Bank of Canada

The Mosaic (NYSE:MOS) had its price target raised by Royal Bank of Canada from $35.00 to $36.00 in a report released on Monday, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the basic materials company’s stock.

MOS has been the topic of several other research reports. Exane BNP Paribas began coverage on The Mosaic in a research note on Wednesday, January 20th. They issued an outperform rating and a $33.00 price target on the stock. Scotiabank lowered The Mosaic from a sector outperform rating to a sector perform rating and set a $23.00 price target on the stock. in a research note on Tuesday, November 3rd. Citigroup raised The Mosaic from a neutral rating to a buy rating and boosted their price target for the company from $26.00 to $33.00 in a research note on Monday, January 25th. Barclays lifted their price objective on The Mosaic from $19.00 to $33.00 and gave the company an equal weight rating in a research report on Monday. Finally, Morgan Stanley lifted their price objective on The Mosaic from $19.00 to $25.00 and gave the company an equal weight rating in a research report on Monday, December 14th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $24.40.

Shares of NYSE:MOS opened at $29.70 on Monday. The business’s 50 day moving average is $27.83 and its 200-day moving average is $21.57. 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 market capitalization of $11.26 billion, a PE ratio of -10.35, a PEG ratio of 2.79 and a beta of 1.81. The Mosaic has a 1-year low of $6.50 and a 1-year high of $31.05.

The Mosaic (NYSE:MOS) last announced its quarterly earnings results on Tuesday, February 16th. The basic materials company reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.37. The company had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same period in the prior year, the firm earned ($0.29) EPS. On average, sell-side analysts predict that The Mosaic will post 0.47 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 18th. Stockholders of record on Thursday, March 4th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, March 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.67%. The Mosaic’s payout ratio is currently 105.26%.

Several hedge funds have recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its position in shares of The Mosaic by 7.9% during the fourth quarter. Bessemer Group Inc. now owns 6,323 shares of the basic materials company’s stock worth $146,000 after acquiring an additional 463 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of The Mosaic by 66.0% during the fourth quarter. First Horizon Advisors Inc. now owns 1,955 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 777 shares during the period. DekaBank Deutsche Girozentrale grew its stake in shares of The Mosaic by 0.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 331,259 shares of the basic materials company’s stock worth $5,878,000 after purchasing an additional 868 shares during the period. Nissay Asset Management Corp Japan ADV grew its stake in shares of The Mosaic by 2.1% during the third quarter. Nissay Asset Management Corp Japan ADV now owns 44,124 shares of the basic materials company’s stock worth $806,000 after purchasing an additional 907 shares during the period. Finally, Honkamp Krueger Financial Services Inc. grew its stake in shares of The Mosaic by 7.5% during the third quarter. Honkamp Krueger Financial Services Inc. now owns 13,738 shares of the basic materials company’s stock worth $251,000 after purchasing an additional 960 shares during the period. Institutional investors own 69.82% of the company’s stock.

The Mosaic Company Profile

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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Analyst Recommendations for The Mosaic (NYSE:MOS)

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