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

Bornite Capital Management LP purchased a new stake in The Mosaic Company (NYSE:MOS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 300,000 shares of the basic materials company’s stock, valued at approximately $7,227,000. Mosaic accounts for about 0.7% of Bornite Capital Management LP’s investment portfolio, making the stock its 27th largest holding.

Several other large investors have also recently bought and sold shares of MOS. NewEdge Advisors LLC boosted its holdings in Mosaic by 27.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 380 shares during the period. United Services Automobile Association bought a new position in Mosaic in the 1st quarter valued at $201,000. Empowered Funds LLC boosted its holdings in Mosaic by 170.5% in the 1st quarter. Empowered Funds LLC now owns 54,176 shares of the basic materials company’s stock valued at $1,463,000 after purchasing an additional 34,151 shares during the period. Woodline Partners LP boosted its holdings in Mosaic by 40.7% in the 1st quarter. Woodline Partners LP now owns 26,836 shares of the basic materials company’s stock valued at $725,000 after purchasing an additional 7,760 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in Mosaic by 169.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 601 shares during the period. 77.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MOS shares. Morgan Stanley cut their price target on shares of Mosaic from $35.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, February 26th. Canadian Imperial Bank of Commerce set a $25.00 price target on shares of Mosaic in a report on Tuesday, May 12th. Scotiabank reissued an “outperform” rating and issued a $30.00 price target on shares of Mosaic in a report on Tuesday, May 19th. Wolfe Research dropped their price objective on shares of Mosaic from $37.00 to $36.00 and set an “outperform” rating for the company in a report on Thursday, February 26th. Finally, UBS Group dropped their price objective on shares of Mosaic from $27.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, May 12th. Six research 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 MarketBeat, Mosaic presently has a consensus rating of “Hold” and an average price target of $27.47.

Mosaic Stock Performance

NYSE MOS opened at $22.69 on Friday. The Mosaic Company has a 52-week low of $19.80 and a 52-week high of $38.23. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.45 and a current ratio of 1.25. The company has a market capitalization of $7.20 billion, a P/E ratio of 174.55, a P/E/G ratio of 2.68 and a beta of 0.79. The company has a fifty day moving average of $23.36 and a 200-day moving average of $25.36.

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

About Mosaic

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.