Royal Bank of Canada Cuts Mosaic (NYSE:MOS) Price Target to $32.00

Mosaic (NYSE:MOS) had its price target cut by Royal Bank of Canada from $35.00 to $32.00 in a research note released on Monday morning, Benzinga reports. They currently have a sector perform rating on the basic materials company’s stock.

Other equities analysts have also recently issued research reports about the company. The Goldman Sachs Group cut their price objective on Mosaic from $54.00 to $48.00 and set a buy rating for the company in a research report on Thursday, February 1st. Scotiabank raised Mosaic from a sector perform rating to a sector outperform rating and set a $40.00 price objective for the company in a research report on Thursday, February 22nd. Wolfe Research assumed coverage on shares of Mosaic in a research report on Friday, March 1st. They set an outperform rating and a $39.00 target price on the stock. Mizuho reduced their price target on shares of Mosaic from $34.00 to $33.00 and set a neutral rating for the company in a report on Friday, May 3rd. Finally, TheStreet lowered shares of Mosaic from a b- rating to a c+ rating in a research report on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Mosaic presently has an average rating of Hold and an average price target of $38.57.

Mosaic Stock Down 1.0 %

MOS opened at $29.57 on Monday. Mosaic has a twelve month low of $27.83 and a twelve month high of $42.81. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.51 and a current ratio of 1.16. The business has a 50 day moving average price of $31.30 and a 200 day moving average price of $32.91. The firm has a market cap of $9.51 billion, a P/E ratio of 12.58 and a beta of 1.51.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.88 billion. Mosaic had a return on equity of 8.23% and a net margin of 6.07%. Mosaic’s quarterly revenue was down 25.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.14 earnings per share. Research analysts forecast that Mosaic will post 2.78 EPS for the current year.

Mosaic Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.84%. Mosaic’s payout ratio is presently 35.74%.

Institutional Investors Weigh In On Mosaic

Hedge funds have recently made changes to their positions in the company. Denali Advisors LLC increased its holdings in shares of Mosaic by 100.5% during the fourth quarter. Denali Advisors LLC now owns 826 shares of the basic materials company’s stock worth $30,000 after buying an additional 414 shares in the last quarter. Mather Group LLC. bought a new position in Mosaic in the 1st quarter valued at $40,000. Janiczek Wealth Management LLC boosted its stake in Mosaic by 28.0% in the fourth quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 318 shares in the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of Mosaic during the first quarter worth $50,000. Finally, NBC Securities Inc. acquired a new stake in shares of Mosaic in the third quarter valued at $57,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

About Mosaic

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.