Bornite Capital Management LP Acquires Shares of 300,000 The Mosaic Company $MOS

Bornite Capital Management LP acquired a new stake in The Mosaic Company (NYSE:MOS) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 300,000 shares of the basic materials company’s stock, valued at approximately $7,227,000. Mosaic comprises 0.7% of Bornite Capital Management LP’s holdings, making the stock its 27th largest position. Bornite Capital Management LP owned 0.09% of Mosaic as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Geneos Wealth Management Inc. increased its stake in shares of Mosaic by 169.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 601 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of Mosaic during the 2nd quarter worth approximately $31,000. Gen Wealth Partners Inc purchased a new stake in shares of Mosaic during the 4th quarter worth approximately $32,000. MUFG Securities EMEA plc purchased a new stake in shares of Mosaic during the 2nd quarter worth approximately $34,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Mosaic during the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Analyst Upgrades and Downgrades

MOS has been the subject of several research analyst reports. Barclays decreased their price target on shares of Mosaic from $31.00 to $26.00 and set an “equal weight” rating for the company in a research note on Monday, May 18th. Wall Street Zen lowered shares of Mosaic from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Weiss Ratings lowered shares of Mosaic from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, May 12th. UBS Group decreased their price target on shares of Mosaic from $27.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, May 12th. Finally, The Goldman Sachs Group decreased their price target on shares of Mosaic from $31.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Six research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Mosaic currently has an average rating of “Hold” and an average target price of $27.47.

Mosaic Stock Up 7.6%

MOS opened at $22.69 on Friday. The company has a 50 day moving average of $23.36 and a 200 day moving average of $25.36. The company has a market cap of $7.20 billion, a PE ratio of 174.55, a price-to-earnings-growth ratio of 2.68 and a beta of 0.79. The Mosaic Company has a 12 month low of $19.80 and a 12 month high of $38.23. The company has a current ratio of 1.25, a quick ratio of 0.45 and a debt-to-equity ratio of 0.36.

Mosaic (NYSE:MOS) last released its quarterly earnings data on Monday, May 11th. The basic materials company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.15). The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.93 billion. Mosaic had a return on equity of 4.66% and a net margin of 0.36%.The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period last year, the business posted $0.49 earnings per share. On average, sell-side analysts expect that The Mosaic Company will post 0.83 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.