Brazil Potash (NYSEAMERICAN:GRO) Raised to Strong-Buy at HC Wainwright

Brazil Potash (NYSEAMERICAN:GRO) was upgraded by stock analysts at HC Wainwright to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other equities research analysts also recently issued reports on GRO. Zacks Research downgraded shares of Brazil Potash from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. Roth Mkm reiterated a “buy” rating and issued a $5.25 price target on shares of Brazil Potash in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $5.00.

Brazil Potash Trading Down 0.5%

Shares of NYSEAMERICAN:GRO opened at $2.18 on Tuesday. The stock has a 50-day simple moving average of $2.73. Brazil Potash has a 12-month low of $1.31 and a 12-month high of $3.99.

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

Hedge Funds Weigh In On Brazil Potash

A number of large investors have recently modified their holdings of GRO. Ferguson Shapiro LLC acquired a new position in shares of Brazil Potash in the 1st quarter valued at about $45,000. Integral Investment Advisors Inc. purchased a new stake in shares of Brazil Potash during the 1st quarter worth about $36,000. Hollencrest Capital Management increased its position in Brazil Potash by 223.2% during the 1st 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 in the last quarter. Walleye Capital LLC acquired a new stake in Brazil Potash during the 1st quarter worth approximately $274,000. Finally, Renaissance Technologies LLC raised its holdings in Brazil Potash by 130.4% in the first quarter. Renaissance Technologies LLC now owns 344,700 shares of the company’s stock valued at $1,117,000 after buying an additional 195,100 shares during the period.

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.