Brazil Potash (NYSEAMERICAN:GRO) Releases Quarterly Earnings Results

Brazil Potash (NYSEAMERICAN:GRO) announced its quarterly earnings results on Tuesday. The company reported $0.31 EPS for the quarter, FiscalAI reports.

Brazil Potash Trading Down 3.1%

Shares of GRO stock traded down $0.09 on Thursday, hitting $2.83. The stock had a trading volume of 407,480 shares, compared to its average volume of 779,394. Brazil Potash has a 1 year low of $1.25 and a 1 year high of $3.99.

Institutional Investors Weigh In On Brazil Potash

Institutional investors and hedge funds have recently modified their holdings of the company. Integral Investment Advisors Inc. purchased a new stake in shares of Brazil Potash in the 1st quarter valued at $36,000. Ferguson Shapiro LLC purchased a new stake in shares of Brazil Potash in the 1st quarter valued at $45,000. Walleye Capital LLC purchased a new stake in shares of Brazil Potash in the 1st quarter valued at $274,000. Finally, Hollencrest Capital Management raised its holdings 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 valued at $1,126,000 after buying an additional 239,936 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on GRO shares. Roth Mkm reaffirmed a “buy” rating and issued a $5.25 price target on shares of Brazil Potash in a research note on Wednesday, April 29th. Zacks Research lowered Brazil Potash from a “hold” rating to a “strong sell” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $5.25.

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.