Scotiabank Issues Positive Forecast for Mosaic (NYSE:MOS) Stock Price

Mosaic (NYSE:MOS) had its price objective raised by Scotiabank from $31.00 to $34.00 in a research note released on Wednesday morning,Benzinga reports. Scotiabank currently has a sector outperform rating on the basic materials company’s stock.

A number of other research analysts also recently issued reports on MOS. Barclays raised shares of Mosaic from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $27.00 to $33.00 in a research report on Wednesday. Royal Bank of Canada upped their price target on Mosaic from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 4th. Oppenheimer initiated coverage on Mosaic in a report on Thursday, December 12th. They set a “market perform” rating for the company. The Goldman Sachs Group started coverage on Mosaic in a research note on Thursday, March 13th. They set a “buy” rating and a $31.00 target price on the stock. Finally, Piper Sandler increased their price target on Mosaic from $30.00 to $33.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $32.64.

Mosaic Price Performance

Shares of MOS stock opened at $27.95 on Wednesday. The stock’s 50-day moving average is $26.41 and its 200 day moving average is $26.16. Mosaic has a 1-year low of $22.48 and a 1-year high of $33.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The company has a market cap of $8.86 billion, a P/E ratio of 24.74, a PEG ratio of 1.42 and a beta of 1.34.

Mosaic Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.15%. The ex-dividend date is Thursday, March 6th. This is an increase from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s dividend payout ratio is 160.00%.

Institutional Trading of Mosaic

Institutional investors and hedge funds have recently bought and sold shares of the business. Brooklyn Investment Group raised its holdings in shares of Mosaic by 110.8% during the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 587 shares during the last quarter. R Squared Ltd acquired a new stake in Mosaic during the 4th quarter worth about $33,000. Tobam purchased a new position in shares of Mosaic during the 4th quarter valued at about $38,000. Heck Capital Advisors LLC purchased a new position in shares of Mosaic during the 4th quarter valued at about $41,000. Finally, Larson Financial Group LLC lifted its holdings in shares of Mosaic by 180,900.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock valued at $48,000 after buying an additional 1,809 shares during the period. 77.54% of the stock is currently owned by institutional investors and hedge funds.

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.