Brazil Potash (NYSEAMERICAN:GRO) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Brazil Potash (NYSEAMERICAN:GRO) from a strong sell rating to a hold rating in a report issued on Monday morning,Zacks.com reports.

A number of other brokerages have also recently issued reports on GRO. Roth Mkm reissued a “buy” rating and set a $5.25 target price on shares of Brazil Potash in a report on Wednesday, April 29th. HC Wainwright started coverage on Brazil Potash in a research note on Tuesday, June 16th. They set a “buy” rating and a $4.75 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $5.00.

Brazil Potash Trading Down 2.3%

Shares of Brazil Potash stock opened at $2.15 on Monday. Brazil Potash has a 52-week low of $1.31 and a 52-week high of $3.99. The firm has a 50-day moving average price of $2.55.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Hollencrest Capital Management increased its holdings in shares of Brazil Potash by 223.2% in 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. Renaissance Technologies LLC grew its position in 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 buying an additional 195,100 shares in the last quarter. Bank of America Corp DE increased its stake in Brazil Potash by 5,630.7% in the 1st 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 during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Brazil Potash by 4.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 138,839 shares of the company’s stock valued at $450,000 after acquiring an additional 5,937 shares in the last quarter. Finally, Walleye Capital LLC purchased a new stake in shares of Brazil Potash in the 1st quarter valued at about $274,000.

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.