IperionX Limited Sponsored ADR (NASDAQ:IPX – Get Free Report)’s share price traded up 8.1% during trading on Tuesday . The stock traded as high as $29.08 and last traded at $29.1170. 56,067 shares were traded during trading, a decline of 78% from the average session volume of 255,232 shares. The stock had previously closed at $26.94.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the stock. BTIG Research boosted their target price on shares of IperionX from $40.00 to $55.00 and gave the company a “buy” rating in a report on Friday, June 5th. Alliance Global Partners reissued a “buy” rating on shares of IperionX in a research report on Tuesday, April 28th. B. Riley Financial dropped their price objective on shares of IperionX from $58.00 to $52.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Weiss Ratings restated a “sell (e+)” rating on shares of IperionX in a report on Tuesday, April 21st. Finally, Roth Mkm reaffirmed a “buy” rating on shares of IperionX in a research note on Monday, June 8th. Five investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $60.33.
View Our Latest Stock Report on IPX
IperionX Stock Performance
Insider Transactions at IperionX
In other news, CEO Anastasios Arima acquired 110,000 shares of IperionX stock in a transaction on Tuesday, April 28th. The stock was acquired at an average cost of $4.49 per share, for a total transaction of $493,900.00. Following the purchase, the chief executive officer owned 12,316,782 shares in the company, valued at $55,302,351.18. This trade represents a 0.90% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Todd Hannigan acquired 260,000 shares of IperionX stock in a transaction on Wednesday, April 29th. The shares were purchased at an average price of $4.20 per share, with a total value of $1,092,000.00. Following the completion of the purchase, the chairman owned 26,108,334 shares in the company, valued at $109,655,002.80. This represents a 1.01% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders purchased 590,000 shares of company stock worth $2,571,500.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new stake in shares of IperionX during the second quarter valued at approximately $66,000. State of Tennessee Department of Treasury bought a new position in IperionX in the 4th quarter valued at approximately $119,000. Quadrature Capital Ltd boosted its stake in IperionX by 42.8% during the 4th quarter. Quadrature Capital Ltd now owns 14,918 shares of the company’s stock valued at $540,000 after purchasing an additional 4,471 shares during the last quarter. DV Equities LLC purchased a new stake in IperionX during the 4th quarter valued at $178,000. Finally, Man Group plc bought a new stake in shares of IperionX in the 4th quarter worth $257,000. Institutional investors own 2.76% of the company’s stock.
About IperionX
IperionX (NASDAQ: IPX) is a mineral technology company focused on the production and commercialization of highâpurity 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.
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