# Mosaic: Loss Despite Phosphate Price Rise – Mizuho Cuts Price Target

> Mosaic swung into a net loss of $72.1 million in the third quarter of 2026 despite higher phosphate prices, with revenue falling to $3.10 billion from $3.45 billion a year earlier. The fertilizer maker cut phosphate output as raw material costs rose and sulfur became scarcer. Mizuho lowered its price target from $22 to $20 and kept a Neutral rating.

- Date: 2026-11-05 · published 2026-11-05T15:11:23.017Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/81981-mosaic-loss-despite-phosphate-price-rise-mizuho-cuts-price-target
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Sulfur shortages curbing phosphate output keep DAP prices firm, which raises costs for feed and grain producers. The earnings miss shows margin pressure across the phosphate chain.

## Read by commodity

- DAP: bullish ▲

## Sources

- it-boltwise.de: https://www.it-boltwise.de/mosaic-verlust-trotz-phosphatpreisanstieg-mizuho-senkt-kursziel.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.