ioneer (NASDAQ:IONR) Stock Rating Upgraded by Wall Street Zen

ioneer (NASDAQ:IONR) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of ioneer in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

ioneer Price Performance

ioneer stock opened at $2.93 on Friday. The firm’s 50 day simple moving average is $3.19 and its 200-day simple moving average is $3.67. ioneer has a fifty-two week low of $2.79 and a fifty-two week high of $8.20.

ioneer (NASDAQ:IONR) last issued its earnings results on Thursday, July 30th. The company reported ($0.03) earnings per share for the quarter.

Hedge Funds Weigh In On ioneer

A hedge fund recently bought a new position in ioneer stock. GK Wealth Management LLC acquired a new stake in shares of ioneer Ltd (NASDAQ:IONR) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 32,034 shares of the company’s stock, valued at approximately $139,000.

About ioneer

ioneer Ltd. is a mineral development company focused on advancing domestic sources of lithium and boron in the United States. The company’s primary asset is the Rhyolite Ridge Lithium-Boron Project in Esmeralda County, Nevada, which is designed to produce lithium carbonate for use in electric vehicle batteries and boric acid for industrial applications such as glass, ceramics and construction materials.

Rhyolite Ridge is a fully permitted development project located in the Silver Peak area of Nevada.