Brazil Potash (NYSEAMERICAN:GRO) Upgraded to Hold at Zacks Research

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

Other equities research analysts have also issued reports about the company. HC Wainwright started coverage on Brazil Potash in a research report on Tuesday, June 16th. They set a “buy” rating and a $4.75 target price for the company. Roth Mkm reissued a “buy” rating and set a $5.25 price target on shares of Brazil Potash in a research report on Wednesday, April 29th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.00.

Brazil Potash Stock Performance

Shares of NYSEAMERICAN:GRO opened at $2.15 on Monday. The stock’s 50 day moving average 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 announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.31 earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Brazil Potash

Several institutional investors have recently bought and sold shares of GRO. Integral Investment Advisors Inc. bought a new position in Brazil Potash in the first quarter worth approximately $36,000. Ferguson Shapiro LLC bought a new stake in Brazil Potash during the 1st quarter valued at $45,000. Walleye Capital LLC purchased a new position in shares of Brazil Potash in the 1st quarter valued at $274,000. EverSource Wealth Advisors LLC increased its holdings in shares of Brazil Potash by 4.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 138,839 shares of the company’s stock valued at $450,000 after acquiring an additional 5,937 shares during the period. Finally, Bank of America Corp DE raised its position in shares of Brazil Potash by 5,630.7% in the 1st quarter. Bank of America Corp DE now owns 156,277 shares of the company’s stock worth $506,000 after acquiring an additional 153,550 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.