Key Points
- Chairman purchase: Todd Hannigan bought 260,000 IperionX shares on April 29 at an average of $4.20 each (total ~$1.092M), boosting his holding to 26,108,334 shares—a 1.01% increase—per the SEC filing.
- Market and analyst view: IPX opened at $29.05 (down 5.4%), with a 12‑month range of $19.43–$61.45; analysts give a "Moderate Buy" consensus and a $55.33 target while projecting FY EPS of about -$0.12.
IperionX Limited Sponsored ADR (NASDAQ:IPX - Get Free Report) Chairman Todd Hannigan acquired 260,000 shares of the business's stock in a transaction on Wednesday, April 29th. The shares were bought at an average cost of $4.20 per share, with a total value of $1,092,000.00. Following the completion of the acquisition, the chairman owned 26,108,334 shares of the company's stock, valued at approximately $109,655,002.80. This trade represents a 1.01% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
IperionX Trading Down 5.4%
IPX opened at $29.05 on Thursday. The firm's 50-day simple moving average is $34.48 and its 200-day simple moving average is $39.12. 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 Limited Sponsored ADR has a twelve month low of $19.43 and a twelve month high of $61.45.
IperionX (NASDAQ:IPX - Get Free Report) last announced its quarterly earnings results on Saturday, January 31st. The company reported ($0.50) earnings per share (EPS) for the quarter. As a group, sell-side analysts forecast that IperionX Limited Sponsored ADR will post -0.12 EPS for the current fiscal year.
Hedge Funds Weigh In On IperionX
A number of institutional investors have recently modified their holdings of IPX. Private Advisor Group LLC grew its stake in shares of IperionX by 69.9% during the first quarter. Private Advisor Group LLC now owns 63,111 shares of the company's stock valued at $1,643,000 after purchasing an additional 25,964 shares during the last quarter. State of Tennessee Department of Treasury acquired a new position in IperionX during the 4th quarter worth $119,000. XTX Topco Ltd bought a new position in IperionX in the 4th quarter valued at $302,000. Quadrature Capital Ltd raised its position in shares of IperionX by 42.8% during the fourth quarter. Quadrature Capital Ltd now owns 14,918 shares of the company's stock worth $540,000 after acquiring an additional 4,471 shares during the last quarter. Finally, Millennium Management LLC acquired a new position in shares of IperionX during the fourth quarter valued at $4,249,000. 2.76% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on IPX shares. Roth Mkm reiterated a "buy" rating and issued a $74.00 target price on shares of IperionX in a research note on Tuesday, January 20th. BTIG Research initiated coverage on IperionX in a research report on Friday, March 27th. They set a "buy" rating and a $40.00 price target on the stock. B. Riley Financial dropped their price target on IperionX from $58.00 to $52.00 and set a "buy" rating for the company in a report on Friday, March 13th. William Blair assumed coverage on IperionX in a research report on Tuesday, January 13th. They issued an "outperform" rating for the company. Finally, Alliance Global Partners reissued a "buy" rating on shares of IperionX in a research note on Tuesday. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, IperionX presently has an average rating of "Moderate Buy" and a consensus target price of $55.33.
View Our Latest Research Report on IperionX
About IperionX
(
Get Free Report)
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.
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