Royal Bank of Canada Issues Positive Forecast for Mosaic (NYSE:MOS) Stock Price

Mosaic (NYSE:MOS) had its price target increased by research analysts at Royal Bank of Canada from $28.00 to $30.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “sector perform” rating on the basic materials company’s stock. Royal Bank of Canada’s price target would indicate a potential upside of 25.47% from the stock’s previous close.

A number of other research firms have also recently commented on MOS. The Goldman Sachs Group started coverage on shares of Mosaic in a research note on Thursday, March 13th. They set a “buy” rating and a $31.00 target price on the stock. Barclays upgraded shares of Mosaic from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $27.00 to $33.00 in a research note on Wednesday, March 19th. Mizuho dropped their target price on shares of Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Monday, March 3rd. Scotiabank boosted their price target on Mosaic from $31.00 to $34.00 and gave the stock a “sector outperform” rating in a report on Wednesday, March 19th. Finally, CIBC initiated coverage on shares of Mosaic in a report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Mosaic has an average rating of “Hold” and a consensus target price of $32.83.

Mosaic Trading Down 7.9 %

Shares of MOS stock opened at $23.91 on Friday. Mosaic has a 1 year low of $22.48 and a 1 year high of $33.44. The firm has a fifty day moving average price of $26.49 and a 200-day moving average price of $26.24. The company has a market cap of $7.58 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 1.42 and a beta of 1.34. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49.

Institutional Investors Weigh In On Mosaic

Large investors have recently added to or reduced their stakes in the stock. Intellectus Partners LLC boosted its holdings in shares of Mosaic by 3.3% in the 4th quarter. Intellectus Partners LLC now owns 12,350 shares of the basic materials company’s stock worth $304,000 after purchasing an additional 400 shares during the period. Arizona State Retirement System boosted its stake in Mosaic by 0.5% during the fourth quarter. Arizona State Retirement System now owns 92,550 shares of the basic materials company’s stock worth $2,275,000 after buying an additional 471 shares during the period. Probity Advisors Inc. increased its position in Mosaic by 6.2% during the fourth quarter. Probity Advisors Inc. now owns 8,701 shares of the basic materials company’s stock valued at $214,000 after acquiring an additional 508 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Mosaic by 1.8% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,516 shares of the basic materials company’s stock valued at $799,000 after acquiring an additional 570 shares during the period. Finally, Brooklyn Investment Group lifted its holdings 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 last quarter. 77.54% of the stock is owned by institutional investors.

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.