IperionX Limited Sponsored ADR (NASDAQ:IPX) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of IperionX Limited Sponsored ADR (NASDAQ:IPX) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $60.3333.

IPX has been the topic of a number of recent analyst reports. Roth Capital reaffirmed a “buy” rating on shares of IperionX in a research report on Monday, June 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of IperionX in a research report on Tuesday, April 21st. Alliance Global Partners reissued a “buy” rating on shares of IperionX in a research note on Tuesday, April 28th. Finally, BTIG Research upped their price objective on shares of IperionX from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, June 5th.

Insiders Place Their Bets

In other news, Chairman Todd Hannigan bought 260,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The shares were purchased at an average price of $4.20 per share, with a total value of $1,092,000.00. Following the purchase, the chairman owned 26,108,334 shares in the company, valued at approximately $109,655,002.80. The trade was a 1.01% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Anastasios Arima bought 110,000 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was purchased at an average cost of $4.49 per share, with a total value of $493,900.00. Following the completion of the transaction, the chief executive officer owned 12,316,782 shares in the company, valued at $55,302,351.18. This represents a 0.90% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 590,000 shares of company stock worth $2,571,500 over the last 90 days.

Institutional Investors Weigh In On IperionX

Several large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its stake in shares of IperionX by 40.3% in the second quarter. GAMMA Investing LLC now owns 1,681 shares of the company’s stock worth $50,000 after acquiring an additional 483 shares in the last quarter. DLD Asset Management LP purchased a new position in IperionX in the first quarter valued at $260,000. Private Advisor Group LLC grew its stake in IperionX by 69.9% during the 1st quarter. Private Advisor Group LLC now owns 63,111 shares of the company’s stock worth $1,643,000 after purchasing an additional 25,964 shares in the last quarter. State of Tennessee Department of Treasury purchased a new stake in IperionX during the 4th quarter worth about $119,000. Finally, XTX Topco Ltd purchased a new stake in IperionX during the 4th quarter worth about $302,000. 2.76% of the stock is owned by hedge funds and other institutional investors.

IperionX Trading Up 5.4%

Shares of IperionX stock traded up $1.28 during trading hours on Friday, hitting $25.03. The company’s stock had a trading volume of 375,703 shares, compared to its average volume of 339,778. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.00 and a current ratio of 4.03. IperionX has a twelve month low of $21.66 and a twelve month high of $61.45. The firm has a fifty day moving average of $34.28 and a 200-day moving average of $37.48.

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.