5 Mining Stocks to Buy Today According to Kerr Neilson’s Platinum Asset Management

1. The Mosaic Company (NYSE:MOS)

Platinum Asset Management’s Stake Value: $150 million

Percentage of Platinum Asset Management’s 13F Portfolio: 4.18%

Number of Hedge Fund Holders: 46

The Mosaic Company (NYSE:MOS) is an agricultural miner headquartered in Florida, United States. The company mines phosphate variants such as ammoniated phosphate, monoammonium phosphate, and diammonium phosphate. These are used in the agriculture industry.

Platinum Asset Management’s stake in The Mosaic Company (NYSE:MOS) was worth $150 million as the fourth quarter of last year came to an end. It came in the form of 3.8 million shares and represented 4.18% of the firm’s investment portfolio. Insider Monkey’s Q4 2021 survey of 924 hedge funds revealed that 46 had bought the company’s shares.

For its fiscal Q4, The Mosaic Company (NYSE:MOS) had managed to rake in $3.8 billion in revenue and $1.95 in non-GAAP EPS, for a weak set of results that saw it miss analyst estimates for both. Citi raised its price target to $74 from $49 in March 2022, outlining that fertilizer prices are trending upwards in the wake of the Russian invasion of Ukraine.

Eric W. Mandelblatt’s Soroban Capital Partners is The Mosaic Company (NYSE:MOS)’s largest investor through a $172 million stake that comes via 4.3 million shares.

Ariel Investments mentioned the company in its Q4 2021 investor letter. Here is what the fund said:

“We continue to believe recent aggressive fiscal and monetary policy will drive high levels of intransient (rather than transitory) inflation. Recent inflation numbers have exceeded our hawkish predictions. While we believed the Consumer Price Index might rise +4% in 2021, double the Fed target of +2%; it rose +7%, the highest level in forty years. Ariel Focus Fund has been well positioned for this environment as natural resource and material companies such as The Mosaic Company (MOS) which returned +72.15% for the year. This was one of our two largest holdings at year-end and have performed well very early into 2022.”

Disclosure: None. You can also take a peek at 12 Best Environmental Stocks to Invest In and 10 Best Nickel Stocks to Buy Now.

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