Brazil Potash shares surge 10.27% after-hours as Kingswood initiates Buy rating with $12 target, citing project financing catalyst.

Brazil Potash surged 10.27% in after-hours trading following Kingswood Capital’s initiation of coverage with a Buy rating and a $12 price target, representing nearly 400% upside from the current $2.42 level. The firm highlighted the company’s strategic position to address Brazil’s 98% potash import dependency through its flagship Autazes Potash Project, which has 91% of planned production pre-sold under long-term contracts. Kingswood emphasized the project’s $2.5 billion financing, expected in Q1 or Q2 2026, as a critical near-term catalyst. The move aligns with the stock’s 54.14% six-month gain, despite a 12.64% weekly decline, as the rating underscores investor optimism about Brazil Potash’s high-risk/high-reward profile amid favorable global potash fundamentals.