Mosaic (MOS) Climbs 4% on Bargain-Hunting

We recently published 10 Big Names Leaving Wall Street in the Dust; 4 at Fresh Highs. The Mosaic Company (NYSE:MOS) is one of the best performers on Friday.

The Mosaic Company extended gains to a second day on Friday, adding 4.05 percent to finish at $26.21 apiece as investors resorted to bargain-hunting following a drop earlier in the week, dampened by an analyst’s price target downgrade for its stock.

On Wednesday, RBC issued a new price target of $27 for The Mosaic Company’s (NYSE:MOS) stock, lower than the $30 previously, on expectations of a weaker fertilizer supply next year.

Additionally, RBC said that softer prices and lower input costs are set to challenge the phosphate business segment, which The Mosaic Company (NYSE:MOS) is currently implementing improvements in.

For its part, Zacks Research upgraded The Mosaic Company (NYSE:MOS) to “hold” from a “strong sell’ previously.

In other news, common shareholders as of the December 4 record date are set to receive $0.22 cash dividends on December 18. This followed the results of its earnings performance in the third quarter of the year, where it expanded its net income by 237 percent to $411 million from only $122 million in the same period last year, on the back of a $308 million mark-to-market unrealized gain on the value of Ma’aden shares worth approximately $1.9 billion.

Net sales also increased by 25 percent to $3.5 billion from $2.8 billion year-on-year, on the back of higher sales across its fertilizer, phosphate, and potash segments.

While we acknowledge the potential of MOS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.