Hollencrest Capital Management raised its stake in Brazil Potash Corp. (NYSEAMERICAN:GRO – Free Report) by 223.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 347,435 shares of the company’s stock after buying an additional 239,936 shares during the quarter. Hollencrest Capital Management’s holdings in Brazil Potash were worth $1,126,000 as of its most recent SEC filing.
Separately, Integral Investment Advisors Inc. purchased a new stake in shares of Brazil Potash during the first quarter valued at about $36,000.
Brazil Potash Price Performance
NYSEAMERICAN GRO opened at $2.18 on Monday. Brazil Potash Corp. has a 12-month low of $1.45 and a 12-month high of $3.99. The business has a fifty day moving average of $2.34.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Zacks Research upgraded shares of Brazil Potash from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. HC Wainwright started coverage on shares of Brazil Potash in a research note on Tuesday, June 16th. They set a “buy” rating and a $4.75 price objective for the company. Finally, Roth Capital reissued a “buy” rating and set a $5.25 target price on shares of Brazil Potash in a research report on Wednesday, April 29th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.00.
Get Our Latest Research Report on GRO
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.
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