Zacks Research Upgrades Brazil Potash (NYSEAMERICAN:GRO) to “Hold”

Brazil Potash (NYSEAMERICAN:GRO) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other equities analysts have also recently issued reports on the company. HC Wainwright began coverage on Brazil Potash in a research report on Tuesday, June 16th. They set a “buy” rating and a $4.75 price target on the stock. Roth Mkm restated a “buy” rating and set a $5.25 price objective on shares of Brazil Potash in a research report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $5.00.

Brazil Potash Stock Performance

GRO stock opened at $2.15 on Monday. The stock’s 50-day moving average is $2.55. Brazil Potash has a 52 week low of $1.31 and a 52 week 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.

Institutional Trading of Brazil Potash

Large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in shares of 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 purchasing an additional 153,550 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Brazil Potash by 4.5% during 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 during the period. Renaissance Technologies LLC lifted its stake in Brazil Potash by 130.4% in the 1st quarter. Renaissance Technologies LLC now owns 344,700 shares of the company’s stock worth $1,117,000 after acquiring an additional 195,100 shares in the last quarter. Walleye Capital LLC purchased a new stake in Brazil Potash in the 1st quarter worth about $274,000. Finally, Hollencrest Capital Management boosted 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 acquiring an additional 239,936 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.