Analyst Rating Update on Intrepid Potash Inc (IPI)

Intrepid Potash Inc (NYSE:IPI) has an average broker rating of 3.43, which is interpreted as a Hold, as rated by 4 equity analysts. 1 other analysts advise a Buy. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

Intrepid Potash Inc (NYSE:IPI) : Average target price received by Intrepid Potash Inc (NYSE:IPI) is $2.67 with an expected standard deviation of $1.53. The most aggressive target on the stock is $4, whereas the most downbeat target is $1. 3 financial analysts are currently covering the stock.

Company shares have received an average consensus rating of Hold for the current week Also, Major Brokerage house, CLSA upgrades its ratings on Intrepid Potash Inc (NYSE:IPI). According to the latest information available, the shares are now rated Outperform by the analysts at the agency. 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): stock turned positive on Tuesday. Though the stock opened at $1.51, the bulls momentum made the stock top out at $1.535 level for the day. The stock recorded a low of $1.43 and closed the trading day at $1.46, in the green by 2.10%. The total traded volume for the day was 1,391,370. The stock had closed at $1.43 in the previous days trading.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CEO of Intrepid Potash, Inc., Jornayvaz Robert P Iii, had purchased 338,761 shares in a transaction dated on May 11, 2016. The transaction was executed at $1.29 per share with total amount equaling $437,002.

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.

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