10 Best Potash Stocks to Buy

2. The Mosaic Company (NYSE:MOS)

Number of Hedge Fund Holders: 38 

The Mosaic Company (NYSE: MOS) is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. The company’s newest mine, Esterhazy K3 in Saskatchewan, is due to come online in 2024 and is set to be ‘the largest, most competitive underground potash mine in the world’.

Based on recent forecasts from 10 Wall Street analysts, Mosaic Co has an average price target of $33.22, with estimates ranging from $28.00 to $39.00. This suggests a potential 12.53% increase from the current price of $29.52. In Q1 2024, there were 38 hedge fund holders in the company. D E Shaw held the largest position in the company with 3,419,498 worth $110,996,906, comprising 0.09% of the fund’s total portfolio.

The Mosaic Company (NYSE: MOS) reported net earnings of $45 million in Q1 2024 or $0.14 per diluted share, and the adjusted EPS(1) for the same period was $0.65 and the Adjusted EBITDA(1) was $576 million. The company’s revenues totaled $2.7 billion in Q1, down 26% from the year-ago period due to lower selling prices. Most importantly, their potash operating earnings were $198 million in Q1, compared to $402 million last year.