Stock Price Prediction

IONR stock has a bullish outlook due to its strategic position in the lithium mining sector, supported by the U.S. government's approval of its Rhyolite Ridge project. Analysts maintain a "Moderate Buy" rating with an average price target of $0.22, while Ord Minnett sets a higher target of A$0.30, reflecting optimism about its growth potential. The stock's current price of $0.12 suggests significant upside if the company capitalizes on the growing demand for lithium in EV batteries.

IONR stock currently trades at $0.12, significantly below its average analyst price target of $0.22. Bears argue that the company faces challenges due to its negative P/E ratio (-33.33) and reliance on lithium prices, which remain volatile. Additionally, despite recent project approvals, the stock's weak financials and market sentiment suggest limited short-term upside.