Petrobras approves tender to restart fertilizer plants in Brazil’s northeast, say sources By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 18 2025
0mins
Source: Investing.com
Petrobras' Plans for Fertilizer Plants: Petrobras has approved plans to select a partner to restart its fertilizer plants in northeastern Brazil, but this is contingent on resolving disputes with current leaseholder Unigel regarding compensation and operational conditions.
Impact on Brazil's Fertilizer Dependency: The ongoing shutdown of the nitrogen fertilizer plants, which have been closed since 2023 due to high natural gas prices, poses challenges to President Lula da Silva’s goal of reducing Brazil's reliance on imported fertilizers, as the country imports over 80% of its fertilizer needs.
Analyst Views on NG
Wall Street analysts forecast NG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NG is 13.96 USD with a low forecast of 10.90 USD and a high forecast of 17.44 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 10.490
Low
10.90
Averages
13.96
High
17.44
Current: 10.490
Low
10.90
Averages
13.96
High
17.44
About NG
NOVAGOLD Resources Inc. is a precious metals company. The Company is focused on the development of the Donlin Gold project. The Donlin Gold property is located in the Kuskokwim region of southwestern Alaska on private, Alaska Native-owned mineral and surface land and Alaska state mining claims. The Donlin Gold deposits are situated at approximately 62 North latitude and 158 West longitude, which is 450 kilometers (km) west of Anchorage and 250 km northeast of Bethel up the Kuskokwim River. The Donlin Gold project is located in the historic Kuskokwim Gold Belt of Southwest Alaska, 10 miles north of the village of Crooked Creek, and is managed by Donlin Gold LLC, which is owned by NOVAGOLD and Paulson Advisers LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
