NEW YORK (TheStreet) -- Shares of Mosaic (MOS) were gaining 5.18% to $24.75 in mid-morning trading on Tuesday after the company posted better-than-anticipated 2016 third quarter results.

Before today's opening bell, the Plymouth, MN-based fertilizer provider reported adjusted earnings of 33 cents per share, handily beating analysts' estimates of 10 cents per share.

Revenue of $1.95 billion topped Wall Street's projections of $1.91 billion, according to FactSet.

The company sold 2.2 million metric tons of potash in the third quarter vs. its guidance of 1.8 million metric tons to 2.1 million metric tons.

"While the fourth quarter is expected to reflect a normal seasonal slowdown, we see a more stable operating environment in 2017, starting the year with lower pipeline inventories and demand growth in both nutrients," CEO Joc O'Rourke said in a company statement.

In the fourth quarter, Mosaic expects to sell between 1.9 million metric tons and 2.1 million metric tons of potash. The company sold 1.9 million metric tons of potash in the year-ago period.

Mosaic projects phosphate sales to range between 2.1 million metric tons and 2.4 million metric tons in the fourth quarter vs. 2.2 million metric tons in the same quarter last year.

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rated this stock as a "hold" with a ratings score of C.

The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.

You can view the full analysis from the report here: MOS

 

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