On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Davis Gary N., officer (Sr VP – Phosphate Operations) of Mosaic Co, unloaded 5,298 shares at an average price of $44.21 on July 23, 2015. Year-to-Date the stock performance stands at -17.56%. The Average Daily Volume for The Mosaic Company was 4037890.
Advertisement
Mosaic dropped 2 percent to $35.72 at 4:29 p.m in extended trading. Zacks downgraded shares of Mosaic from a buy rating to a hold rating in a research report on Friday, July 10th.
And trading firm Susquehanna cut its target price for Mosiac shares to $50, from $54, though it maintained a “buy” rating on the stock. Finally, Canaccord Genuity restated a “hold” rating and issued a $44.00 price target on shares of Mosaic in a research note on Tuesday, August 4th. The company has a consensus rating of “Buy” and an average target price of $52.50. The 52-week high of Mosaic Company (The) (NYSE:MOS) is $53.83 and the 52-week low is $37.2. The company’s quarterly revenue was up 1.9% compared to the same quarter previous year .
Shares of Mosaic (NYSE:MOS) opened at 36.98 on Thursday.
Mosaic Company (The) (NYSE:MOS) witnessed a decline in the market cap on Thursday as its shares dropped 1.47% or 0.58 points. Mosaic has a 12-month low of $36.92 and a 12-month high of $53.83.
In light of current market sentiment, volumes are lower than expected, and prices have weakened. Institutional Investors own 86.5% of Company shares. Now the company Insiders own 0.1% of The Mosaic Company Company shares. During last 3 month period, 1.8% of total institutional ownership has changed in the company shares. The Phosphates segment margin rate is expected to be in the low-twenty percent range as previously guided.
Advertisement
The Mosaic Company is a manufacturer and marketer of concentrated phosphate and potash crop nutrients. The Organization is one source provider of phosphate and potash -based crop nutrients and animal feed ingredients. It also plans to maintain slower output of phosphate fertilizer. The Potash section operates and owns production facilities and potash mines in Canada and the United States, which create potash-based crop nutrients, animal feed ingredients and industrial products. Such statements include, but are not limited to, statements about the Wa’ad Al Shamal Phosphate Company (also known as the Ma’aden joint venture), the acquisition and assumption of certain related liabilities of the Florida phosphate assets of CF Industries, Inc. In addition, it mines potash in Saskatchewan and New Mexico.
