Brazil Potash (NYSEAMERICAN:GRO) Upgraded by HC Wainwright to “Strong-Buy” Rating

HC Wainwright upgraded shares of Brazil Potash (NYSEAMERICAN:GRO) to a strong-buy rating in a report released on Tuesday morning,Zacks.com reports.

Several other brokerages also recently weighed in on GRO. Roth Mkm reaffirmed a “buy” rating and set a $5.25 price target on shares of Brazil Potash in a report on Wednesday, April 29th. Zacks Research downgraded Brazil Potash from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $5.00.

Brazil Potash Price Performance

GRO stock opened at $2.18 on Tuesday. Brazil Potash has a twelve month low of $1.31 and a twelve month high of $3.99. The company has a 50 day moving average price of $2.73.

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

Institutional Investors Weigh In On Brazil Potash

Several hedge funds have recently modified their holdings of GRO. Ferguson Shapiro LLC acquired a new stake in shares of Brazil Potash during the first quarter worth $45,000. Integral Investment Advisors Inc. acquired a new stake in shares of Brazil Potash during the first quarter worth $36,000. Hollencrest Capital Management lifted its holdings 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 purchasing an additional 239,936 shares during the period. Walleye Capital LLC acquired a new stake in shares of Brazil Potash during the first quarter worth $274,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Brazil Potash by 130.4% during the first quarter. Renaissance Technologies LLC now owns 344,700 shares of the company’s stock worth $1,117,000 after purchasing an additional 195,100 shares during the period.

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.