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

IperionX Limited Sponsored ADR (NASDAQ:IPX) has earned a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $55.3333.

IPX has been the topic of several recent analyst reports. B. Riley Financial reduced their price target on IperionX from $58.00 to $52.00 and set a “buy” rating on the stock in a report on Friday, March 13th. William Blair initiated coverage on IperionX in a report on Tuesday, January 13th. They set an “outperform” rating on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of IperionX in a report on Tuesday, April 21st. BTIG Research initiated coverage on IperionX in a report on Friday, March 27th. They set a “buy” rating and a $40.00 price objective on the stock. Finally, Roth Mkm restated a “buy” rating and set a $74.00 price objective on shares of IperionX in a report on Tuesday, January 20th.

IperionX Price Performance

Shares of NASDAQ IPX opened at $32.65 on Tuesday. The company has a current ratio of 4.03, a quick ratio of 4.00 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average price is $34.95 and its 200-day moving average price is $39.35. IperionX has a fifty-two week low of $19.43 and a fifty-two week high of $61.45.

IperionX (NASDAQ:IPX) last issued its quarterly earnings results on Saturday, January 31st. The company reported ($0.50) earnings per share for the quarter. As a group, equities research analysts forecast that IperionX will post -0.12 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Private Advisor Group LLC increased its holdings 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 during the period. State of Tennessee Department of Treasury purchased a new position in IperionX during the 4th quarter worth $119,000. XTX Topco Ltd purchased a new position in IperionX during the 4th quarter worth $302,000. Quadrature Capital Ltd increased its holdings in IperionX by 42.8% during the 4th quarter. Quadrature Capital Ltd now owns 14,918 shares of the company’s stock worth $540,000 after purchasing an additional 4,471 shares during the period. Finally, Millennium Management LLC purchased a new position in IperionX during the 4th quarter worth $4,249,000. 2.76% of the stock is currently owned by hedge funds and other institutional investors.

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.