Short Term Rating on Intrepid Potash Inc (IPI)

Intrepid Potash Inc (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 2, which is also a Buy. 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 (IPI) has been rated by 3 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $4 and the lowest price target forecast is $1. The average forecast of all the analysts is $2.67 and the expected standard deviation is $1.53.

Company shares have received an average consensus rating of Hold for the current week


Intrepid Potash Inc (NYSE:IPI): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $1.31 and $1.28 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 $1.37, notching a gain of 5.38% for the day. The total traded volume was 1,500,467 . The stock had closed at $1.30 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.

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