Brazil Potash (NYSEAMERICAN:GRO) Stock Keeps Buy Rating at HC Wainwright

Brazil Potash (NYSEAMERICAN:GRO)‘s stock had its “buy” rating reiterated by research analysts at HC Wainwright in a report released on Tuesday, Benzinga reports. They presently have a $4.75 price objective on the stock. HC Wainwright‘s target price would indicate a potential upside of 150.00% from the stock’s previous close.

Separately, Canaccord Genuity Group started coverage on shares of Brazil Potash in a report on Tuesday, July 21st. They set a “speculative buy” rating and a $5.00 price objective on the stock. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $5.00.

Brazil Potash Stock Up 3.3%

NYSEAMERICAN:GRO opened at $1.90 on Tuesday. Brazil Potash has a 1-year low of $1.58 and a 1-year high of $3.99. The company has a 50-day moving average of $2.15 and a 200 day moving average of $2.36.

Brazil Potash (NYSEAMERICAN:GRO) last posted its earnings results on Wednesday, November 4th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.09.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Squarepoint Ops LLC acquired a new position in shares of Brazil Potash during the second quarter valued at approximately $163,000. AWM Investment Company Inc. acquired a new stake in shares of Brazil Potash in the second quarter worth approximately $10,750,000. Bank of America Corp DE increased its position in shares of Brazil Potash by 5,630.7% during 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 in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Brazil Potash by 4.5% during the first 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 in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Brazil Potash by 130.4% during the first quarter. Renaissance Technologies LLC now owns 344,700 shares of the company’s stock worth $1,117,000 after purchasing an additional 195,100 shares in the last quarter.

Brazil Potash Company Profile

Brazil Potash Corp. is a mineral development company focused on advancing potash production in Brazil. The company’s principal asset is the Autazes Potash Project in the state of Amazonas, which is intended to produce potash, primarily in the form of muriate of potash (MOP), a potassium-based fertilizer used in agricultural applications.

The Autazes project is designed to develop underground potash resources and associated processing and transportation infrastructure. Brazil Potash aims to supply Brazilian farmers and reduce the country’s reliance on imported potash fertilizers, supporting agricultural markets across Brazil.