ioneer (NASDAQ:IONR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of ioneer (NASDAQ:IONR) to a hold rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ioneer in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, ioneer presently has a consensus rating of “Sell”.

ioneer Trading Down 4.8%

IONR stock opened at $4.53 on Friday. ioneer has a 12-month low of $2.30 and a 12-month high of $8.20. The business’s fifty day moving average price is $4.60 and its 200 day moving average price is $3.71.

Institutional Investors Weigh In On ioneer

A hedge fund recently raised its stake in ioneer stock. GK Wealth Management LLC increased its position in ioneer Ltd (NASDAQ:IONR) by 37.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,700 shares of the company’s stock after buying an additional 10,750 shares during the quarter. GK Wealth Management LLC’s holdings in ioneer were worth $104,000 as of its most recent filing with the Securities and Exchange Commission.

About ioneer

ioneer Ltd explores for and develops mineral properties in North America. Its flagship property is the Rhyolite Ridge lithium-boron project located in the state of Nevada, the United States. The company was formerly known as Global Geoscience Limited and changed its name to ioneer Ltd in November 2018.