Compass Minerals Engages in Major Debt Refinancing Following Insider Support
The company's price target was raised following the completion of $650 million senior notes offering.
A close up of an essential mineral being extracted from a large rock wall.
Headquartered in Kansas, Compass Minerals International, Inc. (NYSE:CMP) is a leading producer of essential minerals. Focusing on rock salt, sulfate of potash, and magnesium chloride, among others, the company serves deicing, agricultural, industrial, culinary, and consumer markets across North America and the U.K.
On June 3, 2025, Compass Minerals International, Inc. (NYSE:CMP) announced the pricing of a $650 million senior notes offering. Due in 2030, the notes carry an interest rate. And the proceeds from the notes are anticipated to be used for repaying debt while redeeming $350 million of senior notes due 2027. The offering was closed on June 16, 2025.
Following these developments, Deutsche Bank reiterated a Buy rating on the stock, while raising the price target from $14 to $22, signaling a high confidence in the company's progress.
From the insider's perspective as well, notable confidence is established on the stock, with Director Joseph Reece's purchase of 5000 shares on March 27, 2025, boosting the insider ownership by 0.05% in the last six months.
While we acknowledge the potential of CMP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: and 12 Best MLP Dividend Stocks to Buy According to Analysts
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