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

Shares of IperionX Limited Sponsored ADR (NASDAQ:IPX) have been assigned an average rating of “Moderate Buy” from the five brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $55.3333.

A number of brokerages recently commented on IPX. Roth Mkm reiterated a “buy” rating and set a $74.00 price target on shares of IperionX in a report on Tuesday, January 20th. William Blair initiated coverage on IperionX in a research note on Tuesday, January 13th. They issued an “outperform” rating for the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of IperionX in a research report on Thursday, January 22nd. B. Riley Financial lowered their target price on IperionX from $58.00 to $52.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Finally, BTIG Research started coverage on shares of IperionX in a report on Friday, March 27th. They issued a “buy” rating and a $40.00 price target on the stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp bought a new position in shares of IperionX during the 3rd quarter valued at approximately $36,000. Cape Investment Advisory Inc. bought a new stake in shares of IperionX in the 2nd quarter worth approximately $34,000. JPMorgan Chase & Co. purchased a new position in IperionX in the second quarter valued at approximately $66,000. State of Tennessee Department of Treasury purchased a new position in IperionX in the fourth quarter valued at approximately $119,000. Finally, DV Equities LLC bought a new position in IperionX during the fourth quarter valued at $178,000. 2.76% of the stock is currently owned by hedge funds and other institutional investors.

IperionX Stock Up 8.2%

Shares of IPX stock opened at $26.04 on Friday. The company has a quick ratio of 4.00, a current ratio of 4.03 and a debt-to-equity ratio of 0.03. IperionX has a 52-week low of $12.27 and a 52-week high of $61.45. The company has a 50-day simple moving average of $41.82 and a two-hundred day simple moving average of $41.90.

IperionX (NASDAQ:IPX) last posted its earnings results on Saturday, January 31st. The company reported ($0.50) EPS for the quarter. As a group, sell-side analysts forecast that IperionX will post -0.08 earnings per share 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.