Hollencrest Capital Management boosted its position in shares of Brazil Potash Corp. (NYSEAMERICAN:GRO – Free Report) by 223.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 347,435 shares of the company’s stock after purchasing an additional 239,936 shares during the period. Hollencrest Capital Management owned about 0.65% of Brazil Potash worth $1,126,000 as of its most recent SEC filing.
Separately, Integral Investment Advisors Inc. bought a new stake in Brazil Potash in the first quarter worth about $36,000.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on GRO. HC Wainwright assumed coverage on Brazil Potash in a research note on Tuesday, June 16th. They set a “buy” rating and a $4.75 target price on the stock. Roth Capital reissued a “buy” rating and set a $5.25 price target on shares of Brazil Potash in a research note on Wednesday, April 29th. Finally, Zacks Research upgraded Brazil Potash from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $5.00.
Brazil Potash Price Performance
Shares of GRO opened at $2.18 on Monday. The stock has a 50 day simple moving average of $2.34. Brazil Potash Corp. has a fifty-two week low of $1.45 and a fifty-two week high of $3.99.
Brazil Potash (NYSEAMERICAN:GRO – Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.31 earnings per share (EPS) for the quarter.
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.
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