Brokerage Firm Rating Update 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 4, which is also a Sell. 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) : The consensus price target for Intrepid Potash Inc (IPI) is $2.67 for the short term with a standard deviation of $1.53. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $4, however, the pessimist price target for the company is $1.


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

Intrepid Potash Inc (NYSE:IPI): The stock opened at $1.42 and touched an intraday high of $1.45 on Wednesday. During the day, the stock corrected to an intraday low of $1.41, however, the bulls stepped in and pushed the price higher to close in the green at $1.45 with a gain of 2.11% for the day. The total traded volume for the day was 273,702. The stock had closed at $1.42 in the previous trading session.

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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