Brazil Potash (NYSEAMERICAN:GRO) Posts Quarterly Earnings Results

Brazil Potash (NYSEAMERICAN:GRO) announced its earnings results on Thursday. The company reported ($0.13) EPS for the quarter, FiscalAI reports.

Brazil Potash Price Performance

NYSEAMERICAN:GRO traded up $0.01 during mid-day trading on Thursday, hitting $2.16. 117,507 shares of the company’s stock were exchanged, compared to its average volume of 575,054. Brazil Potash has a one year low of $1.45 and a one year high of $3.99. The company has a fifty day moving average price of $2.18.

Analyst Ratings Changes

A number of brokerages have issued reports on GRO. Canaccord Genuity Group started coverage on shares of Brazil Potash in a research report on Tuesday, July 21st. They set a “speculative buy” rating and a $5.00 price objective on the stock. Roth Capital reaffirmed a “buy” rating and issued a $5.25 target price on shares of Brazil Potash in a research report on Wednesday, April 29th. HC Wainwright began 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. Finally, Zacks Research upgraded shares of 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 given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $5.00.

Hedge Funds Weigh In On Brazil Potash

Large investors have recently made changes to their positions in the business. Hollencrest Capital Management grew its stake in shares of Brazil Potash by 223.2% in the 1st 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 last quarter. Integral Investment Advisors Inc. purchased a new position in Brazil Potash during the first quarter valued at $36,000. Ferguson Shapiro LLC bought a new stake in Brazil Potash in the first quarter worth $45,000. Bank of America Corp DE boosted its holdings in Brazil Potash by 5,630.7% in the first 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. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Brazil Potash by 4.5% in the first quarter. EverSource Wealth Advisors LLC now owns 138,839 shares of the company’s stock worth $450,000 after acquiring an additional 5,937 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.