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

Shares of IperionX Limited Sponsored ADR (NASDAQ:IPX) have received an average rating of “Moderate Buy” from the five research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $55.3333.

IPX has been the subject of several research reports. B. Riley Financial reduced their price target on shares of IperionX from $58.00 to $52.00 and set a “buy” rating for the company in a research report on Friday, March 13th. William Blair initiated coverage on shares of IperionX in a research note on Tuesday, January 13th. They issued an “outperform” rating on the stock. BTIG Research assumed coverage on shares of IperionX in a report on Friday, March 27th. They issued a “buy” rating and a $40.00 target price for the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of IperionX in a research note on Thursday, January 22nd. Finally, Roth Mkm restated a “buy” rating and issued a $74.00 price target on shares of IperionX in a research report on Tuesday, January 20th.

IperionX Price Performance

Shares of NASDAQ IPX opened at $27.23 on Friday. The business has a 50-day moving average price of $40.77 and a 200 day moving average price of $41.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.03 and a quick ratio of 4.00. IperionX has a 52-week low of $12.27 and a 52-week high of $61.45.

IperionX (NASDAQ:IPX) last released its quarterly earnings results on Saturday, January 31st. The company reported ($0.50) EPS for the quarter. Equities analysts predict that IperionX will post -0.08 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Jane Street Group LLC lifted its holdings in shares of IperionX by 70.4% during the first quarter. Jane Street Group LLC now owns 31,967 shares of the company’s stock worth $575,000 after purchasing an additional 13,207 shares during the period. JPMorgan Chase & Co. acquired a new position in IperionX in the 2nd quarter valued at $66,000. Thomist Capital Management LP purchased a new position in IperionX during the 2nd quarter worth $59,384,000. Bank of America Corp DE raised its position in IperionX by 69.0% during the 2nd quarter. Bank of America Corp DE now owns 35,441 shares of the company’s stock worth $1,116,000 after buying an additional 14,467 shares during the last quarter. Finally, Cape Investment Advisory Inc. acquired a new stake in shares of IperionX in the 2nd quarter worth $34,000. Institutional investors and hedge funds own 2.76% of the company’s stock.

IperionX Company Profile

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.