ioneer (NASDAQ:IONR) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of ioneer (NASDAQ:IONR) from a hold rating to a sell rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of ioneer in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, ioneer has a consensus rating of “Sell”.

ioneer Stock Down 4.1%

IONR opened at $2.79 on Friday. The company has a fifty day moving average of $3.37 and a two-hundred day moving average of $3.74. ioneer has a fifty-two week low of $2.79 and a fifty-two week high of $8.20.

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

Insider Activity at ioneer

In related news, SVP Matthew Weaver sold 251,293 shares of ioneer stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $0.11, for a total value of $27,642.23. Following the completion of the transaction, the senior vice president owned 11,299,711 shares in the company, valued at approximately $1,242,968.21. The trade was a 2.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Chad Yeftich sold 706,781 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $0.11, for a total transaction of $77,745.91. Following the completion of the transaction, the vice president directly owned 6,386,671 shares of the company’s stock, valued at $702,533.81. This represents a 9.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,071,973 shares of company stock valued at $117,917.

Institutional Investors Weigh In On ioneer

A number of hedge funds have recently bought and sold shares of IONR. Bank of America Corp DE acquired a new position in shares of ioneer during the fourth quarter worth about $26,000. HRT Financial LP purchased a new position in ioneer in the fourth quarter worth approximately $83,000. Marshall Wace LLP acquired a new position in ioneer during the 4th quarter worth approximately $793,000. Millennium Management LLC purchased a new stake in shares of ioneer in the 4th quarter valued at approximately $96,000. Finally, OLD Mission Capital LLC acquired a new stake in shares of ioneer in the 4th quarter valued at $88,000.

ioneer Company Profile

ioneer Ltd. is a mineral exploration and development company focused on advancing its flagship Rhyolite Ridge lithium-boron project in Nevada. The company’s core business activities center on developing a vertically integrated supply of critical battery minerals, including lithium carbonate and boric acid, to support the growing electric vehicle and energy storage markets. ioneer’s Rhyolite Ridge project is one of the only known deposits globally that contains both lithium and boron in economically recoverable concentrations, positioning the company to deliver a differentiated product to downstream battery and industrial users.

Founded and listed on the Australian Securities Exchange in the late 2010s under its original name, the company rebranded to ioneer in 2018 to reflect a strategic focus on innovation in battery metals.