5 Best Potash Stocks to Buy

1. The Mosaic Company (NYSE:MOS)

Number of Hedge Fund Holders: 40

Tampa, Florida-based The Mosaic Company (NYSE:MOS) is a global leader in the crop nutrient industry, producing and delivering phosphate and potash-based nutrients on a massive scale. The company engages in every step of the production process, from mining to production.

The Mosaic Company (NYSE:MOS) operates through production facilities across 9 countries, serving customers in more than 40 countries worldwide. The company employs more than 13,000 personnel globally and has annual production capacity of 25 million tons of finished concentrated phosphate and potash. It sold 1.6 million finished product tons of potash during April-May period which generated revenues of $672 million.

On June 8, BofA analyst Steve Byrne lowered the price target on The Mosaic Company (NYSE:MOS) shares to $50 from $60 but maintained a ‘Buy’ rating for the shares.

As of Q1 2023, The Mosaic Company (NYSE:MOS) was the best potash stock to buy based on hedge fund sentiment as 40 of them held its shares with a total value of $463 million. Cliff Asness’ AQR Capital Management was the largest hedge fund shareholder with ownership of 3.7 million shares valued at $165 million.

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