Intrepid Potash Inc (IPI) stock is expected to deviate a maximum of $1.53 from the average target price of $2.67 for the short term period. 3 Street Experts have initiated coverage on the stock with the most promising target being $4 and the most muted being $1.
Intrepid Potash Inc (IPI) : 4 analysts are covering Intrepid Potash Inc (IPI) and their average rating on the stock is 3.43, which is read as a Hold. Intrepid Potash Inc (IPI) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Intrepid Potash Inc (NYSE:IPI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $1.39 and $1.34 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $1.41. The buying momentum continued till the end and the stock did not give up its gains. It closed at $1.39, notching a gain of 0.72% for the day. The total traded volume was 435,281 . The stock had closed at $1.38 on the previous day.
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.