Brazil Potash (NYSEAMERICAN:GRO) Raised to Strong-Buy at HC Wainwright

Brazil Potash (NYSEAMERICAN:GRO) was upgraded by equities researchers at HC Wainwright to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other brokerages have also weighed in on GRO. Zacks Research lowered Brazil Potash from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. Roth Mkm reaffirmed a “buy” rating and set a $5.25 price target on shares of Brazil Potash in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Brazil Potash presently has a consensus rating of “Moderate Buy” and an average price target of $5.00.

Brazil Potash Trading Down 0.5%

Shares of NYSEAMERICAN:GRO opened at $2.18 on Tuesday. Brazil Potash has a fifty-two week low of $1.31 and a fifty-two week high of $3.99. The company has a 50-day moving average price of $2.73.

Brazil Potash (NYSEAMERICAN:GRO) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.31 EPS for the quarter.

Institutional Trading of Brazil Potash

Institutional investors and hedge funds have recently modified their holdings of the business. Ferguson Shapiro LLC purchased a new position in shares of Brazil Potash during the 1st quarter worth approximately $45,000. Integral Investment Advisors Inc. purchased a new stake in shares of Brazil Potash in the first quarter valued at $36,000. Hollencrest Capital Management boosted its stake in shares of Brazil Potash by 223.2% during the first quarter. Hollencrest Capital Management now owns 347,435 shares of the company’s stock valued at $1,126,000 after acquiring an additional 239,936 shares during the last quarter. Walleye Capital LLC purchased a new stake in Brazil Potash during the 1st quarter worth about $274,000. Finally, Renaissance Technologies LLC increased its position in Brazil Potash by 130.4% during the 1st quarter. Renaissance Technologies LLC now owns 344,700 shares of the company’s stock worth $1,117,000 after purchasing an additional 195,100 shares in the last quarter.

Brazil Potash Company Profile

Brazil Potash Corp is a mineral exploration and development company with a potash mining project located in the state of Amazonas, Brazil. The company’s technical operations are based in Autazes, Amazonas, Brazil, and Belo Horizonte, Minas Gerais, Brazil. The operating activities of the company include focusing on the extraction and processing of potash ore from the mines of the Autazes Project and selling and distributing the processed potash in Brazil.