Old West Investment Management LLC Takes Position in The Mosaic Company $MOS

Old West Investment Management LLC acquired a new stake in The Mosaic Company (NYSE:MOS) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 84,786 shares of the basic materials company’s stock, valued at approximately $1,797,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MOS. Chase Investment Counsel Corp acquired a new position in Mosaic during the second quarter valued at approximately $474,000. Global Retirement Partners LLC bought a new position in shares of Mosaic in the second quarter valued at approximately $46,000. Bank of New York Mellon Corp acquired a new stake in shares of Mosaic in the second quarter worth $57,285,000. Focus Partners Advisor Solutions LLC bought a new stake in shares of Mosaic during the 2nd quarter worth $974,000. Finally, State of Wyoming bought a new stake in shares of Mosaic during the 2nd quarter worth $429,000. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MOS shares. Rothschild & Co Redburn started coverage on shares of Mosaic in a research note on Friday, June 26th. They issued a “buy” rating and a $30.00 target price on the stock. Mizuho set a $25.00 price target on shares of Mosaic in a report on Wednesday, August 5th. Scotiabank reaffirmed an “outperform” rating and issued a $30.00 price target on shares of Mosaic in a research report on Tuesday, May 19th. Freedom Capital lowered Mosaic from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday. Finally, The Goldman Sachs Group cut their price objective on Mosaic from $31.00 to $28.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Seven analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $27.17.

Mosaic Trading Up 0.0%

Shares of Mosaic stock opened at $21.61 on Monday. The Mosaic Company has a 1 year low of $19.80 and a 1 year high of $36.99. The company’s fifty day simple moving average is $22.09 and its 200-day simple moving average is $24.43. The company has a market cap of $6.87 billion, a price-to-earnings ratio of -10.70, a PEG ratio of 3.78 and a beta of 0.82. The company has a current ratio of 1.34, a quick ratio of 0.43 and a debt-to-equity ratio of 0.41.

Mosaic (NYSE:MOS) last released its earnings results on Tuesday, August 4th. The basic materials company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. Mosaic had a negative net margin of 5.21% and a positive return on equity of 3.77%. The firm had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the prior year, the company earned $0.51 EPS. The business’s quarterly revenue was down 6.0% compared to the same quarter last year. As a group, sell-side analysts expect that The Mosaic Company will post 0.56 EPS for the current year.

Mosaic Profile

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.