Mosaic posts Q2 decline in revenue, swings to net loss on lower sales volumes

Mosaic expects 2026 capital expenditures of $1.2 bln, down from prior $1.25 bln forecast

Company sees Q3 potash sales volumes of 2.0-2.2 mln tonnes, MOP prices $270-$290/tonne

Mosaic expects Q3 phosphate sales volumes of 1.1-1.4 mln tonnes, DAP prices $820-$840/tonne

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 9 "strong buy" or "buy", 11 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the agricultural chemicals peer group is "buy"

Wall Street's median 12-month price target for Mosaic Co is $27.50, about 26.1% above its August 3 closing price of $21.81

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 13 three months ago

U.S. fertilizer producer's Q2 revenue fell yr/yr, with net loss reversing prior-year profit

Adjusted EBITDA dropped yr/yr, reflecting lower sales volumes and higher raw material costs