Brazil Potash (NYSEAMERICAN:GRO) Releases Earnings Results

Brazil Potash (NYSEAMERICAN:GRO) posted its quarterly earnings data on Friday. The company reported ($0.13) EPS for the quarter, FiscalAI reports.

Brazil Potash Stock Performance

NYSEAMERICAN GRO opened at $2.21 on Friday. Brazil Potash has a twelve month low of $1.46 and a twelve month high of $3.99. The business’s 50 day moving average price is $2.18.

Institutional Trading of Brazil Potash

Several hedge funds and other institutional investors have recently modified their holdings of the business. AWM Investment Company Inc. acquired a new position in Brazil Potash during the second quarter valued at $10,750,000. Hollencrest Capital Management boosted its position in Brazil Potash by 223.2% during the 1st quarter. Hollencrest Capital Management now owns 347,435 shares of the company’s stock worth $1,126,000 after acquiring an additional 239,936 shares during the period. Renaissance Technologies LLC boosted 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 acquiring an additional 195,100 shares during the period. Bank of America Corp DE grew its stake in Brazil Potash by 5,630.7% during the 1st quarter. Bank of America Corp DE now owns 156,277 shares of the company’s stock valued at $506,000 after acquiring an additional 153,550 shares in the last quarter. Finally, Walleye Capital LLC acquired a new position in shares of Brazil Potash in the 1st quarter valued at about $274,000.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. HC Wainwright began coverage on shares of Brazil Potash in a research report on Tuesday, June 16th. They issued a “buy” rating and a $4.75 price target on the stock. Canaccord Genuity Group initiated coverage on shares of Brazil Potash in a research note on Tuesday, July 21st. They set a “speculative buy” rating and a $5.00 target price for the company. Roth Capital restated a “buy” rating and issued a $5.25 price target on shares of Brazil Potash in a research report on Wednesday, April 29th. Finally, Zacks Research upgraded Brazil Potash from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.00.

About Brazil Potash

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.