Brazil Potash (NYSEAMERICAN:GRO) Upgraded at Zacks Research

Brazil Potash (NYSEAMERICAN:GRO) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Other equities research analysts also recently issued reports about the stock. Roth Mkm restated a “buy” rating and issued a $5.25 target price on shares of Brazil Potash in a research note on Wednesday, April 29th. HC Wainwright assumed coverage on Brazil Potash in a research report on Tuesday, June 16th. They set a “buy” rating and a $4.75 price target on the stock. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $5.00.

Brazil Potash Stock Down 2.3%

GRO stock opened at $2.15 on Monday. The firm’s 50-day moving average price is $2.55. Brazil Potash has a one year low of $1.31 and a one year high of $3.99.

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

Hedge Funds Weigh In On Brazil Potash

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

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.