Roth Capital Brokers Reduce Earnings Estimates for IperionX

IperionX Limited Sponsored ADR (NASDAQ:IPX) – Stock analysts at Roth Capital dropped their FY2027 earnings estimates for IperionX in a research note issued on Wednesday, October 1st. Roth Capital analyst J. Reagor now expects that the company will post earnings per share of $0.01 for the year, down from their prior forecast of $0.02. Roth Capital currently has a “Buy” rating and a $74.00 target price on the stock. The consensus estimate for IperionX’s current full-year earnings is ($0.08) per share. Roth Capital also issued estimates for IperionX’s FY2029 earnings at $0.55 EPS.

Separately, Wall Street Zen upgraded IperionX from a “sell” rating to a “hold” rating in a research note on Saturday, September 20th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $51.00.

IperionX Stock Up 3.9%

IPX opened at $53.58 on Thursday. The business has a 50 day moving average of $43.68 and a 200-day moving average of $30.72. IperionX has a 12-month low of $12.27 and a 12-month high of $53.80.

Institutional Investors Weigh In On IperionX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in shares of IperionX by 684.4% in the 2nd quarter. GAMMA Investing LLC now owns 957 shares of the company’s stock valued at $30,000 after acquiring an additional 835 shares in the last quarter. Cape Investment Advisory Inc. purchased a new stake in IperionX during the second quarter valued at about $34,000. JPMorgan Chase & Co. purchased a new stake in IperionX during the 2nd quarter valued at about $66,000. Bank of America Corp DE grew its holdings in shares of IperionX by 15.8% in the fourth quarter. Bank of America Corp DE now owns 24,193 shares of the company’s stock worth $832,000 after purchasing an additional 3,293 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its position in IperionX by 7.7% during the 2nd quarter. Osaic Holdings Inc. now owns 70,325 shares of the company’s stock valued at $2,215,000 after buying an additional 5,000 shares during the period. 2.76% of the stock is currently owned by institutional investors.

About IperionX

IperionX’s mission is to be the leading developer of low carbon, sustainable, critical material supply chains focused on advanced industries including space, aerospace, electric vehicles and 3D printing. IperionX’s breakthrough titanium technologies have demonstrated the potential to produce titanium products that are sustainable, 100% recyclable, have low carbon intensity and to do so at product qualities that meet or exceed current industry standards.