Intrepid Potash Inc (NYSE:IPI) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3.43 by 4 Brokerage Firm. 1 stock experts have also suggested a buy rating. 1 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell. A sell rating was given by 1 analyst.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, CLSA, upgrades their rating on the shares of Intrepid Potash Inc (NYSE:IPI). CLSA has a Outperform rating on the shares. Previously, the analysts had a Underperform rating on the shares. The rating by the firm was issued on May 10, 2016.
Intrepid Potash Inc (NYSE:IPI): 3 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $2.67 in Intrepid Potash Inc (NYSE:IPI). However, the stock price could fluctuate by $ 1.53 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $4 price target with the lower price estimate is calculated at $1
Intrepid Potash Inc (NYSE:IPI) rose 2.65% or 0.04 points on Tuesday and made its way into the gainers of the day. After trading began at $1.52 the stock was seen hitting $1.6 as a peak level and $1.46 as the lowest level. The stock ended up at $1.55. The daily volume was measured at 1,376,909 shares. The 52-week high of the share price is $12.23 and the 52-week low is $0.65. The company has a market cap of $118 million.
Shares of Intrepid Potash, Inc. rose by 9.15% in the last five trading days and 21.09% for the last 4 weeks. Intrepid Potash, Inc. is up 22.05% in the last 3-month period. Year-to-Date the stock performance stands at -47.46%.
Intrepid Potash, Inc. is a producer of muriate of potash (potassium chloride or potash) and langbeinite (sulfate of potash magnesia) in the United States. The Company sells potash and Trio into the agricultural market as a fertilizer. The Company also sells produce salt, magnesium chloride and metal recovery salts from its potash mining processes. The Company owns three solution mining facilities and two conventional underground facilities that are utilized for producing potash. Its solution mining production comes from the HB solar solution mine near Carlsbad, New Mexico, a solar solution mine near Moab, Utah and a solar evaporation shallow brine mine in Wendover, Utah. The Companys conventional production comes from its underground West and East mines near Carlsbad, New Mexico, which services the West and HB mines.