OLD Mission Capital LLC Takes Position in IperionX Limited Sponsored ADR $IPX

Key Points

• OLD Mission Capital LLC acquired 26,506 shares of IperionX Limited, valued at approximately $477,000, making it a notable new position as of the 1st quarter.
• Several institutional investors have increased or initiated stakes in IperionX, with GAMMA Investing LLC increasing its position by 479.2% during the same quarter.
• IperionX's stock opened at $46.00 with a 52-week range of $12.27 to $47.86, while analysts hold an average rating of "Buy" with a $46.00 price target.

OLD Mission Capital LLC bought a new position in IperionX Limited Sponsored ADR (NASDAQ:IPX - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 26,506 shares of the company's stock, valued at approximately $477,000. OLD Mission Capital LLC owned approximately 0.08% of IperionX at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of IPX. Thomist Capital Management LP purchased a new position in IperionX in the fourth quarter worth about $32,305,000. Mercer Global Advisors Inc. ADV purchased a new stake in IperionX during the 4th quarter valued at $602,000. Corigliano Investment Advisers LLC purchased a new position in shares of IperionX in the fourth quarter worth $344,000. Citadel Advisors LLC purchased a new position in shares of IperionX in the fourth quarter worth $283,000. Finally, Bank of America Corp DE boosted its position in shares of IperionX by 15.8% during the fourth quarter. Bank of America Corp DE now owns 24,193 shares of the company's stock valued at $832,000 after buying an additional 3,293 shares during the last quarter. 2.76% of the stock is currently owned by institutional investors.

IperionX Stock Up 3.3%

Shares of IPX stock traded up $1.53 during trading hours on Friday, reaching $48.53. 81,936 shares of the company traded hands, compared to its average volume of 63,416. The firm has a 50-day moving average price of $38.11 and a 200 day moving average price of $27.63. IperionX Limited Sponsored ADR has a 12-month low of $12.27 and a 12-month high of $48.95.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Roth Capital assumed coverage on IperionX in a research report on Wednesday, August 20th. They issued a "buy" rating and a $64.00 target price for the company. Wall Street Zen upgraded IperionX from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $46.00.

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.