IperionX Limited Sponsored ADR (NASDAQ:IPX) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of IperionX Limited Sponsored ADR (NASDAQ:IPX) have been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $60.3333.

IPX has been the subject of a number of research reports. Roth Mkm reaffirmed a “buy” rating on shares of IperionX in a research report on Monday, June 8th. BTIG Research raised their price objective on IperionX from $40.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, June 5th. Alliance Global Partners reiterated a “buy” rating on shares of IperionX in a report on Tuesday, April 28th. Weiss Ratings reissued a “sell (e+)” rating on shares of IperionX in a report on Tuesday, April 21st. Finally, B. Riley Financial cut their price target on IperionX from $58.00 to $52.00 and set a “buy” rating on the stock in a research report on Friday, March 13th.

Insider Transactions at IperionX

In other IperionX news, Chairman Todd Hannigan purchased 260,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The stock was purchased at an average price of $4.20 per share, for a total transaction of $1,092,000.00. Following the purchase, the chairman directly owned 26,108,334 shares in the company, valued at approximately $109,655,002.80. This trade represents a 1.01% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Anastasios Arima acquired 110,000 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was acquired at an average price of $4.49 per share, with a total value of $493,900.00. Following the completion of the transaction, the chief executive officer directly owned 12,316,782 shares of the company’s stock, valued at approximately $55,302,351.18. This represents a 0.90% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders acquired 590,000 shares of company stock valued at $2,571,500.

Hedge Funds Weigh In On IperionX

Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. acquired a new stake in shares of IperionX in the second quarter valued at about $66,000. State of Tennessee Department of Treasury acquired a new stake in shares of IperionX in the fourth quarter valued at approximately $119,000. Quadrature Capital Ltd lifted its position in IperionX by 42.8% during the fourth quarter. Quadrature Capital Ltd now owns 14,918 shares of the company’s stock worth $540,000 after buying an additional 4,471 shares in the last quarter. DV Equities LLC purchased a new position in IperionX during the fourth quarter worth approximately $178,000. Finally, Man Group plc acquired a new position in IperionX during the fourth quarter worth $257,000. Hedge funds and other institutional investors own 2.76% of the company’s stock.

IperionX Stock Performance

NASDAQ IPX opened at $28.78 on Friday. IperionX has a 12-month low of $21.66 and a 12-month high of $61.45. The company has a fifty day simple moving average of $34.77 and a two-hundred day simple moving average of $37.73. The company has a quick ratio of 4.00, a current ratio of 4.03 and a debt-to-equity ratio of 0.03.

About IperionX

IperionX (NASDAQ: IPX) is a mineral technology company focused on the production and commercialization of high?purity titanium and zirconium products. The company’s core activities include the development of advanced mineral sands projects and the deployment of proprietary processing technologies aimed at supplying feedstocks to aerospace, defense, additive manufacturing and battery markets.

At the heart of IperionX’s operations is the Stony Creek Project in Virginia, where the company holds significant mineral sands rights.