Bastion Asset Management Inc. Lowers Holdings in Brazil Potash Corp. $GRO

Bastion Asset Management Inc. lowered its position in shares of Brazil Potash Corp. (NYSEAMERICAN:GRO) by 49.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 891,033 shares of the company’s stock after selling 861,757 shares during the period. Bastion Asset Management Inc.’s holdings in Brazil Potash were worth $2,887,000 as of its most recent SEC filing.

Separately, Integral Investment Advisors Inc. bought a new stake in shares of Brazil Potash in the first quarter valued at about $36,000.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. HC Wainwright began coverage on shares of Brazil Potash in a report on Tuesday, June 16th. They set a “buy” rating and a $4.75 target price on the stock. Roth Capital restated a “buy” rating and issued a $5.25 price target on shares of Brazil Potash in a report on Wednesday, April 29th. Finally, Zacks Research raised shares of Brazil Potash from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Two 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $5.00.

Brazil Potash Trading Down 2.2%

Shares of NYSEAMERICAN GRO opened at $2.21 on Friday. Brazil Potash Corp. has a 12-month low of $1.45 and a 12-month high of $3.99. The firm’s fifty day moving average is $2.35.

Brazil Potash (NYSEAMERICAN:GRO) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.31 EPS for the 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.