The Mosaic Co

MOS: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$53.00	Xck	Sfcznqpyj

Mosaic Earnings: Shares Sink on Management's Outlook for Lower Near-Term Fertilizer Prices

Seth Goldstein

May 2, 2024

Mosaic's first-quarter results reflected the continued decline of fertilizer prices from the all-time high levels reached in 2022. Our outlook for near- and long-term potash and phosphate prices is largely unchanged. Mosaic announced a deal to sell its 25% stake in its Saudi phosphate joint venture to JV partner Ma'aden in exchange for common equity shares in Ma'aden, which we view as value-neutral.

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