IperionX (NASDAQ:IPX) Now Covered by Analysts at ThinkEquity

ThinkEquity started coverage on shares of IperionX (NASDAQ:IPX) in a report published on Monday morning, Benzinga reports. The brokerage issued a buy rating and a $20.00 target price on the stock.

IperionX Price Performance

Shares of IperionX stock opened at $13.40 on Monday. IperionX has a 12-month low of $6.51 and a 12-month high of $16.50. The company’s 50-day moving average price is $14.11 and its 200-day moving average price is $13.09.

Institutional Investors Weigh In On IperionX

A hedge fund recently raised its stake in IperionX stock. B. Riley Financial Inc. lifted its position in IperionX Limited (NASDAQ:IPX) by 3.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 337,762 shares of the company’s stock after buying an additional 10,684 shares during the quarter. IperionX makes up approximately 4.9% of B. Riley Financial Inc.’s portfolio, making the stock its 4th biggest holding. B. Riley Financial Inc. owned approximately 1.48% of IperionX worth $5,036,000 at the end of the most recent reporting period. 2.76% of the stock is currently owned by institutional investors and hedge funds.

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.