Previous Close | 30.86 |
Open | 31.03 |
Bid | 0.00 x 800 |
Ask | 0.00 x 1300 |
Day's Range | 30.61 - 31.66 |
52 Week Range | 29.25 - 43.85 |
Volume | |
Avg. Volume | 4,807,668 |
Market Cap | 10.098B |
Beta (5Y Monthly) | 1.52 |
PE Ratio (TTM) | 8.97 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | 0.84 (2.68%) |
Ex-Dividend Date | Jun 05, 2024 |
1y Target Est | N/A |
(Bloomberg) -- Mosaic Co., one of the world’s biggest phosphate producers, rose after agreeing to sell its stake in a Saudi joint venture for roughly $1.5 billion in a streamlining move aimed at boosting transparency on asset values.Most Read from BloombergHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsWall Street Hit by Fed Jitters to Close Wild April: Markets WrapBinance and CZ’s Fortunes Are Set to Grow, Even in JailPot Stocks Surge on Report DEA Set to Reclassify MarijuanaTesla A
Ma'aden will issue about 111 million shares to buy the 25% stake Mosaic owns in Ma'aden Wa'ad Al Shamal Phosphate Co, a joint venture between Mosaic, Ma'aden and Saudi Basic Industries Corp. Mosaic had said in February that a lot of the cash generated from the asset had gone into reducing debt and investing in the joint venture was not at the top of its priority.
Mosaic's (MOS) Q1 results are likely to reflect favorable demand for phosphate and potash amid headwinds from weaker fertilizer prices.