Brazil Potash (NYSEAMERICAN:GRO) Posts Quarterly Earnings Results

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

Brazil Potash Price Performance

NYSEAMERICAN:GRO traded up $0.17 during mid-day trading on Wednesday, reaching $2.90. 523,608 shares of the company were exchanged, compared to its average volume of 781,136. Brazil Potash has a 12 month low of $1.25 and a 12 month high of $3.99.

Institutional Investors Weigh In On Brazil Potash

A number of hedge funds have recently added to or reduced their stakes in GRO. Hollencrest Capital Management lifted 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 valued at $1,126,000 after purchasing an additional 239,936 shares during the period. Ferguson Shapiro LLC acquired a new position in Brazil Potash during the 1st quarter valued at about $45,000. Finally, Integral Investment Advisors Inc. acquired a new position in Brazil Potash during the 1st quarter valued at about $36,000.

Wall Street Analyst Weigh In

A number of brokerages have commented on GRO. Zacks Research lowered shares of Brazil Potash from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. Roth Mkm reissued a “buy” rating and set a $5.25 price objective on shares of Brazil Potash in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Brazil Potash has a consensus rating of “Hold” and a consensus target price 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.