Mosaic lowers production of fertilizer components, citing reduced demand

RBC Capital raised shares of Mosaic to a best ideas list rating in a research report on Thursday, July 2nd.

The stock price of The Mosaic Company nosedived 20.13% over the last 200 days, and is in strong down trend. The company has a market cap of $12,468 million and the number of outstanding shares have been calculated to be 337,159,000 shares.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Tuesday, August 4th. The target price could hit $55 on the higher end and $40 on the lower end. The 12-month consensus target price for the stock is $84.46, which reflects an upside potential of 149.88% over the current price. In this transaction, 5,298 shares were sold at $44.21 per share. Zacks upgraded Mosaic from a “sell” rating to a “hold” rating in a research note on Friday, August 7th. The net result was for 3 transactions, worth $1.94 million. S&P 500 has rallied 1.82% during the last 52-weeks. As of today, our analysts report that there was short interest in total of 5546000 of MOS shares. Seven equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. Stockholders of record on Thursday, September 3rd were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.97%.

Many analysts have commented on the company rating. The ex-dividend date was Tuesday, September 1st.

Mosaic Co.is cutting potash production at one of its Saskatchewan mines because the market for crop nutrients has softened. It is a single source supplier of phosphate-and potash-based crops nutrients and animal feed ingredients. The Phosphates section operates and owns mines and production facilities in Florida, which create phosphate and concentrated phosphate crop nutrients – based animal feed ingredients, and processing plants. The Potash segment runs and owns production facilities and potash mines in Canada and America, which produce potash-established crop nutrients, animal feed ingredients and industrial products. Such statements include, but are not limited to, statements about the Wa’ad Al Shamal Phosphate Company (also known as the Ma’aden joint venture), the acquisition and assumption of certain related liabilities of the Florida phosphate assets of CF Industries, Inc. Additionally, it mines potash in Saskatchewan and New Mexico. The Company has other production, blending or distribution operations in Brazil, China, India, Argentina, and Chile, and an equity investment in a new phosphate rock mine in the Bayovar region in Peru.