Brazil Potash (NYSEAMERICAN:GRO) Research Coverage Started at Canaccord Genuity Group

Canaccord Genuity Group started coverage on shares of Brazil Potash (NYSEAMERICAN:GRO) in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The firm issued a speculative buy rating and a $5.00 price objective on the stock.

GRO has been the topic of a number of other research reports. HC Wainwright initiated coverage on Brazil Potash in a research note on Tuesday, June 16th. They issued a “buy” rating and a $4.75 target price on the stock. Zacks Research raised Brazil Potash from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Roth Capital reiterated a “buy” rating and issued a $5.25 price objective on shares of Brazil Potash in a report on Wednesday, April 29th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $5.00.

Brazil Potash Price Performance

GRO stock opened at $2.20 on Tuesday. The business has a 50 day moving average of $2.29. Brazil Potash has a one year low of $1.45 and a one year high of $3.99.

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

Institutional Investors Weigh In On Brazil Potash

A number of hedge funds have recently made changes to their positions in the business. 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 position in Brazil Potash in the 1st quarter worth $45,000. Walleye Capital LLC purchased a new position in Brazil Potash in the 1st quarter worth $274,000. EverSource Wealth Advisors LLC raised its position in Brazil Potash by 4.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 138,839 shares of the company’s stock worth $450,000 after purchasing an additional 5,937 shares during the period. Finally, Bank of America Corp DE lifted its stake in 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 worth $506,000 after purchasing an additional 153,550 shares during the last quarter.

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.