Brazil Potash (NYSEAMERICAN:GRO – Get Free Report) released its earnings results on Wednesday. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.09, Zacks reports.
Brazil Potash Stock Performance
GRO traded up $0.12 during trading hours on Friday, hitting $1.73. 108,181 shares of the company’s stock were exchanged, compared to its average volume of 478,327. Brazil Potash has a 1-year low of $1.58 and a 1-year high of $3.99. The stock’s 50-day moving average is $2.18 and its two-hundred day moving average is $2.36.
Wall Street Analyst Weigh In
GRO has been the topic of a number of research reports. Canaccord Genuity Group assumed coverage on Brazil Potash in a report on Tuesday, July 21st. They issued a “speculative buy” rating and a $5.00 price target on the stock. HC Wainwright reiterated a “buy” rating and set a $4.75 price objective on shares of Brazil Potash in a report on Thursday, October 29th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $5.00.
Get Our Latest Analysis on Brazil Potash
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.
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