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Morningstar cut its fair value estimate for Mosaic to $40 per share from $44, citing lower expected phosphate prices and weaker Mosaic Fertilizantes profits in 2023. It also expects potash contract prices to fall below $500 per metric ton from $590 in 2022.
Analyst expectations of falling phosphate and potash prices reflect easing fertilizer costs for feed grain producers, though this is an equity valuation rather than a supply event.
morningstar.comSeth Goldstein, CFAFeb 27, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
