Mosaic Co (NYSE:MOS) shares rose 5.2% during mid-day trading on Tuesday . The company traded as high as $27.37 and last traded at $26.76. Approximately 7,951,587 shares were traded during trading, an increase of 55% from the average daily volume of 5,136,944 shares. The stock had previously closed at $25.43.
MOS has been the subject of a number of research reports. Zacks Investment Research downgraded Mosaic from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Cleveland Research upgraded Mosaic from a “neutral” rating to a “buy” rating in a report on Wednesday, November 1st. JPMorgan Chase & Co. initiated coverage on Mosaic in a report on Friday, January 12th. They set a “neutral” rating and a $26.00 price objective for the company. Royal Bank of Canada increased their price objective on Mosaic from $24.00 to $28.00 and gave the stock a “sector perform” rating in a report on Friday, January 12th. Finally, Scotiabank upgraded Mosaic from an “underperform” rating to a “sector perform” rating in a report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Mosaic currently has an average rating of “Hold” and an average target price of $24.98.
The company has a current ratio of 1.78, a quick ratio of 0.90 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $9,390.00, a P/E ratio of 28.17, a price-to-earnings-growth ratio of 2.03 and a beta of 1.29.
Hedge funds have recently bought and sold shares of the business. Artemis Investment Management LLP acquired a new stake in shares of Mosaic in the third quarter valued at approximately $37,174,000. Renaissance Technologies LLC lifted its position in shares of Mosaic by 324.4% in the fourth quarter. Renaissance Technologies LLC now owns 2,019,600 shares of the basic materials company’s stock valued at $51,823,000 after buying an additional 1,543,700 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Mosaic in the third quarter valued at approximately $22,326,000. Dimensional Fund Advisors LP lifted its position in shares of Mosaic by 26.8% in the third quarter. Dimensional Fund Advisors LP now owns 4,364,003 shares of the basic materials company’s stock valued at $94,211,000 after buying an additional 921,345 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Mosaic in the fourth quarter valued at approximately $23,318,000. Hedge funds and other institutional investors own 77.42% of the company’s stock.
Mosaic Company Profile
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.
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