IperionX Limited Sponsored ADR (NASDAQ:IPX) Receives $55.33 Consensus Price Target from Analysts

IperionX Limited Sponsored ADR (NASDAQ:IPX) has received an average recommendation of “Moderate Buy” from the five brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $55.3333.

Several research analysts have weighed in on the stock. BTIG Research assumed coverage on shares of IperionX in a report on Friday. They set a “buy” rating and a $40.00 price objective for the company. Roth Mkm restated a “buy” rating and issued a $74.00 target price on shares of IperionX in a research note on Tuesday, January 20th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of IperionX in a research report on Thursday, January 22nd. B. Riley Financial decreased their price target on IperionX from $58.00 to $52.00 and set a “buy” rating for the company in a research note on Friday, March 13th. Finally, William Blair began coverage on IperionX in a report on Tuesday, January 13th. They issued an “outperform” rating for the company.

Institutional Investors Weigh In On IperionX

A number of institutional investors have recently made changes to their positions in the company. Thomist Capital Management LP acquired a new position in IperionX in the second quarter worth $59,384,000. Van ECK Associates Corp acquired a new position in shares of IperionX in the 3rd quarter valued at about $40,997,000. Millennium Management LLC acquired a new position in shares of IperionX in the 4th quarter valued at about $4,249,000. Jane Street Group LLC grew its position in shares of IperionX by 62.5% during the 4th quarter. Jane Street Group LLC now owns 129,020 shares of the company’s stock valued at $4,669,000 after buying an additional 49,645 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of IperionX by 69.0% during the 2nd quarter. Bank of America Corp DE now owns 35,441 shares of the company’s stock valued at $1,116,000 after buying an additional 14,467 shares during the last quarter. 2.76% of the stock is currently owned by institutional investors.

IperionX Price Performance

IPX stock opened at $23.15 on Friday. 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 52-week low of $12.27 and a 52-week high of $61.45. The stock’s 50 day moving average is $42.72 and its two-hundred day moving average is $42.16.

IperionX (NASDAQ:IPX) last announced its earnings results on Saturday, January 31st. The company reported ($0.50) earnings per share (EPS) for the quarter. On average, analysts predict that IperionX will post -0.08 EPS for the current fiscal year.

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.