Brazil Potash (NYSEAMERICAN:GRO) Announces Quarterly Earnings Results

Brazil Potash (NYSEAMERICAN:GRO) released its earnings results on Friday. The company reported ($0.13) earnings per share for the quarter, FiscalAI reports.

Brazil Potash Price Performance

GRO traded up $0.05 on Friday, hitting $2.21. 109,895 shares of the company were exchanged, compared to its average volume of 572,055. Brazil Potash has a twelve month low of $1.46 and a twelve month high of $3.99. The business has a 50-day moving average price of $2.18.

Analyst Upgrades and Downgrades

Several research firms have recently commented on GRO. Zacks Research raised shares of Brazil Potash from a “strong sell” rating to a “hold” rating in a research note 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 target price on the stock. Roth Capital reaffirmed a “buy” rating and set a $5.25 target price on shares of Brazil Potash in a research note on Wednesday, April 29th. Finally, Canaccord Genuity Group assumed coverage on shares of Brazil Potash in a report on Tuesday, July 21st. They set a “speculative buy” rating and a $5.00 target price on the stock. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Brazil Potash currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.00.

Institutional Investors Weigh In On Brazil Potash

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