Roth Capital Begins Coverage on IperionX (NASDAQ:IPX)

Key Points

• Roth Capital has initiated coverage on IperionX (NASDAQ:IPX) with a buy rating and a price target of $64.00, indicating a potential upside of approximately 55.91% from the current price.
• Several analysts have rated IperionX, with B. Riley lowering its price target to $28.00 while two analysts maintain a buy rating, contributing to an average price target of $46.00.
• IperionX specializes in low carbon and sustainable materials for advanced industries, particularly focusing on titanium technologies that are 100% recyclable and have low carbon intensity.

Roth Capital began coverage on shares of IperionX (NASDAQ:IPX - Free Report) in a research report report published on Wednesday, Marketbeat reports. The firm issued a buy rating and a $64.00 target price on the stock. Roth Capital also issued estimates for IperionX's FY2025 earnings at ($0.09) EPS, FY2026 earnings at ($0.05) EPS, FY2027 earnings at $0.02 EPS, FY2028 earnings at $0.07 EPS and FY2029 earnings at $0.54 EPS.

IPX has been the subject of a number of other research reports. Wall Street Zen upgraded IperionX from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. B. Riley reduced their price objective on IperionX from $30.00 to $28.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $46.00.

IperionX Price Performance

IPX stock traded up $1.83 during trading on Wednesday, hitting $43.67. 139,952 shares of the company's stock were exchanged, compared to its average volume of 70,769. IperionX has a 52-week low of $12.27 and a 52-week high of $45.00. The business has a 50-day moving average price of $34.69 and a two-hundred day moving average price of $26.31.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Thomist Capital Management LP purchased a new stake in IperionX during the 2nd quarter worth about $59,384,000. Stifel Financial Corp raised its position in shares of IperionX by 27.9% in the 4th quarter. Stifel Financial Corp now owns 900,237 shares of the company's stock valued at $30,968,000 after purchasing an additional 196,558 shares in the last quarter. Jane Street Group LLC raised its position in shares of IperionX by 73.8% during the 2nd quarter. Jane Street Group LLC now owns 55,558 shares of the company's stock valued at $1,750,000 after acquiring an additional 23,591 shares in the last quarter. Bank of America Corp DE raised its position in shares of IperionX by 69.0% during the 2nd quarter. Bank of America Corp DE now owns 35,441 shares of the company's stock valued at $1,116,000 after acquiring an additional 14,467 shares in the last quarter. Finally, OLD Mission Capital LLC bought a new stake in shares of IperionX during the first quarter valued at approximately $477,000. Institutional investors and hedge funds own 2.76% of the company's stock.

IperionX Company Profile

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.