|Bid||16.74 x 900|
|Ask||16.75 x 800|
|Day's range||16.03 - 16.93|
|52-week range||16.03 - 31.62|
|Beta (5Y monthly)||1.72|
|PE ratio (TTM)||N/A|
|Earnings date||03 May 2020|
|Forward dividend & yield||0.20 (1.15%)|
|Ex-dividend date||03 Mar 2020|
|1y target est||24.51|
The outbreak of a new coronavirus in China's Hubei province has struck the heart of the country's fertiliser sector, prompting a wave of orders for a small plant in southern Russia. The Lermontov plant in the mountainous North Caucasus region can produce about 5,000 tonnes a month of crop nutrient monoammonium phosphate among other products. "We are practically not sleeping ... Phone on the bedside table, clients calling, we're jumping up to reply because the moment is so hot," said Edward Gurary, chief commercial officer of the plant's trading arm, Cashmere Capital.
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(Bloomberg) -- There’s at least one commodity that may benefit from China’s outbreak of coronavirus: phosphate.The outbreak is expected to cause a two million-ton shortfall of the fertilizer ingredient in China as plants curtail production and transport is hindered, said Joc O’Rourke, chief executive officer of of Mosaic Co., the world’s largest producer. Much of the nation’s phosphate production is in Hubei province, the center of the outbreak, and the supply drop is expected to further tighten the market, according to the company.Mosaic shares gained as much as 4.8% in New York on Thursday, the most in two weeks.“The expectation is there won’t really be a demand impact, but it will have a supply impact,” Jonas Oxgaard, an analyst at Sanford C. Bernstein, said by telephone. “It’s the best of both worlds for U.S. fertilizer companies.”The tightening phosphate market comes as the worst of the fertilizer downturn may be over. After extreme weather led to poor fertilizer demand last year, U.S. corn plantings are expected to rise to the highest in four years while soybean plantings also rise, the U.S. Department of Agriculture said Thursday.Nutrien Ltd. rose as much as 2.3%, while CF Industries Holdings Inc. gained 3.1%.“The market is screaming ‘bottom’,” Scotiabank’s Ben Isaacson said in a note Wednesday, noting that Nutrien’s share price rose even after its quarterly earnings and guidance missed consensus.\--With assistance from Aoyon Ashraf.To contact the reporter on this story: Jen Skerritt in Winnipeg at firstname.lastname@example.orgTo contact the editors responsible for this story: James Attwood at email@example.com, Millie MunshiFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Mosaic (MOS) expects the idling of the Colonsay potash mine to result in pretax charges of approximately $530 million in the fourth quarter of 2019.
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Mosaic (MOS) has witnessed a significant price decline in the past four weeks, and is seeing negative earnings estimate revisions as well.
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