Brazil Potash (NYSEAMERICAN:GRO) Now Covered by Canaccord Genuity Group

Canaccord Genuity Group started coverage on shares of Brazil Potash (NYSEAMERICAN:GRO) in a report published on Tuesday morning, MarketBeat reports. The brokerage issued a speculative buy rating and a $5.00 price target on the stock.

Other equities research analysts have also recently issued reports about the stock. Zacks Research raised shares of Brazil Potash from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. HC Wainwright initiated coverage on Brazil Potash in a report on Tuesday, June 16th. They issued a “buy” rating and a $4.75 price objective for the company. Finally, Roth Capital reaffirmed a “buy” rating and issued a $5.25 target price on shares of Brazil Potash in a research report on Wednesday, April 29th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Brazil Potash currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.00.

Brazil Potash Stock Performance

Shares of GRO stock opened at $2.19 on Tuesday. The stock has a fifty day simple moving average of $2.32. Brazil Potash has a 12 month low of $1.45 and a 12 month high of $3.99.

Brazil Potash (NYSEAMERICAN:GRO) last announced its earnings results on Tuesday, May 12th. The company reported $0.31 EPS for the quarter.

Hedge Funds Weigh In On Brazil Potash

Several large investors have recently modified their holdings of the stock. Integral Investment Advisors Inc. acquired a new stake in shares of Brazil Potash during the 1st quarter worth about $36,000. Ferguson Shapiro LLC acquired a new position in Brazil Potash in the 1st quarter valued at about $45,000. Walleye Capital LLC acquired a new position in Brazil Potash in the 1st quarter valued at about $274,000. EverSource Wealth Advisors LLC raised its holdings in Brazil Potash by 4.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 138,839 shares of the company’s stock valued at $450,000 after acquiring an additional 5,937 shares during the period. Finally, Bank of America Corp DE lifted its position in 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 acquiring 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.