Mercer Global Advisors Inc. ADV bought a new stake in shares of IperionX Limited (NASDAQ:IPX – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,500 shares of the company’s stock, valued at approximately $602,000. Mercer Global Advisors Inc. ADV owned 0.06% of IperionX at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the business. Stifel Financial Corp grew its position in IperionX by 27.9% during the fourth quarter. Stifel Financial Corp now owns 900,237 shares of the company’s stock valued at $30,968,000 after buying an additional 196,558 shares during the period. Marshall Wace LLP bought a new stake in IperionX during the fourth quarter valued at approximately $465,000. Sowell Financial Services LLC bought a new stake in IperionX during the fourth quarter valued at approximately $1,597,000. Atlantic Union Bankshares Corp bought a new stake in IperionX during the fourth quarter valued at approximately $241,000. Finally, Tidal Investments LLC bought a new stake in IperionX during the third quarter valued at approximately $368,000. 2.76% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, B. Riley dropped their price target on shares of IperionX from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd.
IperionX Price Performance
IPX opened at $22.94 on Monday. IperionX Limited has a 1-year low of $12.28 and a 1-year high of $38.93. The company has a 50 day simple moving average of $19.09 and a two-hundred day simple moving average of $24.49. The company has a current ratio of 13.62, a quick ratio of 13.61 and a debt-to-equity ratio of 0.02.
About IperionX
IperionX’s mission is to be the leading developer of low carbon, sustainable, critical material supply chains focused on advanced industries including space, aerospace, electric vehicles and 3D printing. IperionX’s breakthrough titanium technologies have demonstrated the potential to produce titanium products that are sustainable, 100% recyclable, have low carbon intensity and to do so at product qualities that meet or exceed current industry standards.
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