Shares of The Mosaic Company (NYSE: MOS) traded at a new 52-week high today of $42.22. This new high was reached on below-average trading volume as 2 million shares traded hands, while the average 30-day volume is approximately 3.8 million shares.
In the past 52 weeks, shares of The Mosaic Company have traded between a low of $16.01 and a high of $42.22 and are now at $41.68, which is 160% above that low price.
Formed in 2004 by the combination of IMC Global and Cargill’s fertilizer business, Mosaic is a leading producer of primary crop nutrients phosphate and potash. The company’s assets include phosphate rock mines in Florida, Louisiana, Brazil, and Peru, and potash mines in Saskatchewan, New Mexico, and Brazil.
The Mosaic Company is currently priced 52.8% above its average consensus analyst price target of $19.66.
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