The Mosaic Company (MOS) is the world's largest integrated phosphate producer and one of the top four potash producers, with a market cap of $8.7 billion. Headquartered in Tampa, Florida, the company was formed due to the merger between Cargill's fertilizer arm and IMC Global Incorporated. It primarily mines phosphate rock in Central Florida and potash in North America, particularly Saskatchewan.
Shares of Mosaic have underperformed the broader market considerably over the past year. MOS has declined 36.2% over this time frame, while the broader S&P 500 Index ($SPX) is up 19.6%. In 2024 alone, the stock is down 24.3%, compared to SPX’s 12% return on a YTD basis.
