Brazil Potash (NYSEAMERICAN:GRO) Receives “Buy” Rating from HC Wainwright

Brazil Potash (NYSEAMERICAN:GRO)‘s stock had its “buy” rating restated by investment analysts at HC Wainwright in a note issued to investors on Wednesday,Benzinga reports. They currently have a $4.75 price target on the stock. HC Wainwright’s target price would indicate a potential upside of 91.53% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Zacks Research raised shares of Brazil Potash from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Roth Capital reiterated a “buy” rating and set a $5.25 price objective on shares of Brazil Potash in a research note on Wednesday, April 29th. Finally, Canaccord Genuity Group started coverage on Brazil Potash in a report on Tuesday, July 21st. They issued a “speculative buy” rating and a $5.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $5.00.

Brazil Potash Price Performance

Shares of GRO stock traded down $0.01 during trading hours on Wednesday, hitting $2.48. The company’s stock had a trading volume of 227,421 shares, compared to its average volume of 558,563. The stock has a 50 day simple moving average of $2.20. Brazil Potash has a 12-month low of $1.57 and a 12-month high of $3.99.

Brazil Potash (NYSEAMERICAN:GRO) last released its quarterly earnings data on Friday, August 14th. The company reported ($0.13) earnings per share for the quarter.

Hedge Funds Weigh In On Brazil Potash

Several institutional investors have recently made changes to their positions in the company. Integral Investment Advisors Inc. acquired a new position in shares of Brazil Potash in the 1st quarter valued at $36,000. Ferguson Shapiro LLC acquired a new stake in Brazil Potash during the first quarter valued at $45,000. Walleye Capital LLC acquired a new stake in Brazil Potash during the first quarter valued at $274,000. EverSource Wealth Advisors LLC increased its holdings in Brazil Potash by 4.5% in the first quarter. EverSource Wealth Advisors LLC now owns 138,839 shares of the company’s stock valued at $450,000 after buying an additional 5,937 shares in the last quarter. Finally, Bank of America Corp DE increased 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 valued at $506,000 after buying an additional 153,550 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.