Brazil Potash (NYSEAMERICAN:GRO) Posts Earnings Results

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

Brazil Potash Trading Up 7.3%

Shares of GRO traded up $0.20 during mid-day trading on Wednesday, hitting $2.93. The stock had a trading volume of 529,734 shares, compared to its average volume of 781,684. Brazil Potash has a fifty-two week low of $1.25 and a fifty-two week high of $3.99.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GRO. Zacks Research downgraded Brazil Potash from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. Roth Mkm restated a “buy” rating and issued a $5.25 price objective on shares of Brazil Potash in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Brazil Potash presently has a consensus rating of “Hold” and an average price target of $5.25.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hollencrest Capital Management raised its stake 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 acquiring an additional 239,936 shares in the last quarter. Ferguson Shapiro LLC bought a new stake in shares of Brazil Potash in the 1st quarter worth $45,000. Finally, Integral Investment Advisors Inc. bought a new stake in shares of Brazil Potash in the 1st quarter worth $36,000.

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.