Mosaic (NYSE:MOS) Price Target Raised to $30.00 at Royal Bank of Canada

Mosaic (NYSE:MOS) had its price target increased by Royal Bank of Canada from $28.00 to $30.00 in a research note released on Friday morning,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the basic materials company’s stock.

Several other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Mosaic from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $26.00 to $29.00 in a report on Monday, March 3rd. Mizuho cut their price target on Mosaic from $29.00 to $28.00 and set a “neutral” rating on the stock in a research note on Monday, March 3rd. Morgan Stanley dropped their price objective on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Oppenheimer raised shares of Mosaic from a “market perform” rating to an “outperform” rating and set a $33.00 target price on the stock in a report on Thursday, March 20th. Finally, CIBC initiated coverage on shares of Mosaic in a research note on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price target for the company. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $32.83.

Mosaic Stock Performance

NYSE:MOS opened at $23.48 on Friday. Mosaic has a twelve month low of $22.48 and a twelve month high of $33.44. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The stock’s 50-day simple moving average is $26.39 and its 200 day simple moving average is $26.22. The firm has a market capitalization of $7.44 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34.

Mosaic Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.88 annualized dividend and a yield of 3.75%. Mosaic’s dividend payout ratio is currently 160.00%.

Hedge Funds Weigh In On Mosaic

Several institutional investors have recently added to or reduced their stakes in MOS. 111 Capital bought a new stake in Mosaic in the fourth quarter valued at $740,000. PKO Investment Management Joint Stock Co bought a new stake in Mosaic in the 4th quarter valued at about $270,000. Probity Advisors Inc. raised its stake in Mosaic by 6.2% during the 4th quarter. Probity Advisors Inc. now owns 8,701 shares of the basic materials company’s stock worth $214,000 after buying an additional 508 shares during the period. Siemens Fonds Invest GmbH bought a new position in Mosaic in the fourth quarter worth approximately $224,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Mosaic in the fourth quarter valued at approximately $5,214,000. 77.54% of the stock is owned by institutional investors and hedge funds.

Mosaic Company Profile

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.