Why You Should Be Bullish on Mosaic Into Earnings

By Andrew Keene Jan 03, 2013 1:27 pm

While some analysts have recently downgraded MOS shares, Goldman reaffirmed its buy rating with a price target of $68.

MINYANVILLE ORIGINAL Minnesota-based phosphate and potash global agriculture supplier Mosaic Corporation (NYSE:MOS) has split its last four earnings reports with an average move of 4% on the news.

While some analysts have recently downgraded the shares, Goldman reaffirmed its buy rating in a December 26, 2012 newsletter to investors with a price target of $68 – a number consistent with other estimates.

Mosaic also holds a 37% stake in the Canadian Canpotex, a Saskatchewan-based export giant that announced today a $400 million deal to supply Chinese state fertilizer company Sinofert (PINK:SNFRY) 1 million tons of potash in Q1/Q2 of 2013.

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