Bastion Asset Management Inc. Sells 861,757 Shares of Brazil Potash Corp. $GRO

Bastion Asset Management Inc. reduced its position in Brazil Potash Corp. (NYSEAMERICAN:GRO) by 49.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 891,033 shares of the company’s stock after selling 861,757 shares during the quarter. Bastion Asset Management Inc. owned 1.66% of Brazil Potash worth $2,887,000 as of its most recent SEC filing.

Separately, Ferguson Shapiro LLC bought a new position in shares of Brazil Potash during the first quarter valued at approximately $45,000.

Analysts Set New Price Targets

GRO has been the topic of several recent analyst reports. Zacks Research upgraded Brazil Potash from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. HC Wainwright assumed coverage on Brazil Potash in a report on Tuesday, June 16th. They set a “buy” rating and a $4.75 price objective for the company. Finally, Roth Capital reaffirmed a “buy” rating and issued a $5.25 price objective on shares of Brazil Potash in a research report on Wednesday, April 29th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.00.

Brazil Potash Price Performance

Shares of GRO opened at $2.21 on Friday. Brazil Potash Corp. has a 1-year low of $1.45 and a 1-year high of $3.99. The firm’s 50-day moving average is $2.35.

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

Brazil Potash 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.