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Should You Buy the Dip in Mosaic? -Breaking

by Mike Robinson

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© Reuters. Are You a Mosaic shopper?

Mosaic (MOS), an agricultural company, reported excellent third-quarter results. The company will likely be affected by rising input costs. So, let’s evaluate if it is wise to buy the dip in its stock price now. Read on.The world’s leading producer and marketer of concentrated phosphate and potash crop nutrients, The Mosaic Company The company, which has its headquarters in Plymouth, Minn. reported strong third quarter earnings. It saw a 44% increase year-over-year in revenue to $3.42 Billion. The company also increased its annual dividend target for 2022 by half to $0.45 per shares. It also strengthened its balance sheet with the sale of $450,000,000 in long-term debt.

The stock is trading at 12.8% lower than its 52-week peak of $43.24, reached on October 20, 2021.

The company’s raw material prices per ton in the fourth quarter are likely to rise $5-10 over the previous quarter. Furthermore, inflationary pressures on production costs and supply chain constraints make the company’s near-term outlook uncertain.

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