Scotiabank Reaffirms Buy on Mosaic (MOS) Despite Sector Headwinds

The Mosaic Company (NYSE:MOS) is one of the 20 undervalued momentum stocks that are taking off. While Scotiabank has become more cautious on fertilizer stocks overall, Mosaic Co. (MOS) continues to stand out as an exception. Analyst Ben Isaacson reiterated a Buy rating on the stock, raising the price target to $42 from $34 in May and reaffirmed it again in early June. Notably, Mosaic remains the only Buy-rated name in Scotiabank’s global fertilizer coverage.

This supportive view comes despite the analyst’s broader recommendation to reduce exposure to the fertilizer sector. According to Isaacson, a combination of subdued grower sentiment, softening NPK (nitrogen, phosphate, potassium) fertilizer prices, and shifting investor sentiment has led to a more conservative outlook on the group.

Scotiabank Reaffirms Buy on Mosaic (MOS) Despite Sector Headwinds

A rustic farm field with a tractor spreading nitrogen-based fertilizer in the background.

In line with the changing industry dynamics, Mosaic revised its second-quarter and 2025 outlook on June 6. While the company guided phosphate prices to rise modestly in the second quarter, full-year production volume is now expected to be 7.0-7.3 million tonnes, down from the earlier expected range of 7.2-7.6 million tonnes.

On the Potash side, both prices and volumes are expected to remain stable in the second quarter and full year. Full-year production volumes guidance was kept unchanged at 9.0-9.4 million tonnes.

The Mosaic Company (NYSE:MOS) is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients.

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