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

IperionX Limited Sponsored ADR (NASDAQ:IPX) has received a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $53.3333.

Several equities analysts recently issued reports on the stock. Alliance Global Partners reiterated a “buy” rating on shares of IperionX in a research note on Tuesday, April 28th. BTIG Research lifted their price objective on shares of IperionX from $40.00 to $55.00 and gave the company a “buy” rating in a report on Friday, June 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of IperionX in a research report on Friday, July 17th. Finally, Roth Capital set a $53.00 target price on shares of IperionX in a research note on Wednesday, August 5th.

IperionX Stock Performance

IperionX stock opened at $22.50 on Monday. IperionX has a 12 month low of $20.05 and a 12 month high of $61.45. The stock’s 50 day simple moving average is $25.30 and its two-hundred day simple moving average is $32.76. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.00 and a current ratio of 4.03.

Insider Buying and Selling at IperionX

In related news, CEO Anastasios Arima bought 138,720 shares of the company’s stock in a transaction dated Friday, July 10th. The shares were acquired at an average price of $3.58 per share, for a total transaction of $496,617.60. Following the completion of the transaction, the chief executive officer directly owned 12,455,502 shares in the company, valued at $44,590,697.16. This trade represents a 1.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Todd Hannigan purchased 300,000 shares of IperionX stock in a transaction that occurred on Monday, July 13th. The shares were bought at an average price of $3.59 per share, with a total value of $1,077,000.00. Following the transaction, the chairman owned 26,633,334 shares in the company, valued at approximately $95,613,669.06. The trade was a 1.14% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have acquired 663,720 shares of company stock worth $2,379,118.

Institutional Investors Weigh In On IperionX

A number of hedge funds have recently modified their holdings of IPX. GAMMA Investing LLC grew its stake in IperionX by 40.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,681 shares of the company’s stock valued at $50,000 after acquiring an additional 483 shares in the last quarter. DLD Asset Management LP purchased a new stake in IperionX in the 1st quarter valued at $260,000. Private Advisor Group LLC raised its holdings in shares of 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 acquiring an additional 25,964 shares during the period. State of Tennessee Department of Treasury purchased a new stake in shares of IperionX in the fourth quarter valued at about $119,000. Finally, XTX Topco Ltd acquired a new position in IperionX in the 4th quarter valued at about $302,000. 2.76% of the stock is currently owned by institutional investors and hedge funds.

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.