IGO (AU:IGO)
ASX:IGO
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IGO Stock Chart & Stats
AU$9.25
-AU$0.04(-0.80%)
At close: 4:00 PM EST
AU$9.25
-AU$0.04(-0.80%)
Day’s Range― - ―
52-Week RangeAU$3.66 - AU$9.50
Previous CloseN/A
Volume1.50M
Average Volume (3M)4.81M
Market Cap
AU$5.72B
Enterprise ValueAU$5.46B
Total Cash (Recent Filing)AU$411.00M
Total Debt (Recent Filing)AU$21.80M
Price to Earnings (P/E)―
Beta1.80
Next Earnings
Aug 27, 2026EPS Estimate
0.25Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.05
Shares Outstanding757,267,800
10 Day Avg. Volume4,390,707
30 Day Avg. Volume4,806,635
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.51
Price to Sales (P/S)6.32
P/FCF Ratio83.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$8.54Price Target Upside-7.73% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering10
EPS Forecast (FY)0.2
Revenue Forecast (FY)AU$411.69M
Bulls Say, Bears Say
Bulls Say
Conservative Balance Sheet LeverageIGO's low debt-to-equity and stable equity ratio provide durable financial flexibility through commodity cycles. Conservative leverage reduces refinancing and solvency risk, preserving optionality to fund capex or cushion commodity-driven earnings volatility while management fixes operations.
Improved Operating Cash Generation & LiquidityA material swing to positive operating cash flow and sizeable undrawn facility meaningfully strengthens near-term liquidity. Positive free cash flow supports sustained investment, payroll and working capital, reducing reliance on external capital and allowing disciplined execution over the next 2–6 months.
Resource And Reserve Optimisation OptionalityMaterial reserve/resource improvements and a tighter open pit lower unit costs and can extend mine life. Lower strip ratios and added metal at surface create durable margin tailwinds and optionality for future expansions (e.g., CGP4), improving structural economics beyond short-term price moves.
Bears Say
Material Revenue Decline And Negative MarginsA sustained ~31.7% revenue drop and negative gross/net margins reduce scale benefits and limit internal funding for growth. Unless commodity prices or volumes recover, structural revenue weakness will pressure margins, cash conversion and the ability to absorb further operational or capital setbacks.
Kwinana Impairment And Ongoing LossesA fully impaired, loss-making asset creates a persistent earnings and cash drag and diverts management bandwidth. Unresolved JV negotiations and the likelihood of continued losses elevate execution and strategic risk, limiting near-term profitability recovery and capital allocation flexibility.
Execution And Timing Risks At Greenbushes CGP3Commissioning delays at a key processing expansion introduce persistent operational risk to volume and margin forecasts. Slippage postpones expected production and cash benefits, raises project costs and undermines credibility of future expansion timing, affecting multi‑period planning and returns.
IGO News
IGO FAQ
What was IGO’s price range in the past 12 months?
IGO lowest share price was AU$3.66 and its highest was AU$9.50 in the past 12 months.
What is IGO’s market cap?
IGO’s market cap is AU$5.72B.
When is IGO’s upcoming earnings report date?
IGO’s upcoming earnings report date is Aug 27, 2026 which is in 119 days.
How were IGO’s earnings last quarter?
IGO released its earnings results on Feb 18, 2026. The company reported -AU$0.052 earnings per share for the quarter, missing the consensus estimate of -AU$0.034 by -AU$0.018.
Is IGO overvalued?
According to Wall Street analysts IGO’s price is currently Overvalued.
Does IGO pay dividends?
IGO pays a Semiannually dividend of AU$0.26 which represents an annual dividend yield of N/A. See more information on IGO dividends here
What is IGO’s EPS estimate?
IGO’s EPS estimate is 0.25.
How many shares outstanding does IGO have?
IGO has 757,267,800 shares outstanding.
What happened to IGO’s price movement after its last earnings report?
IGO reported an EPS of -AU$0.052 in its last earnings report, missing expectations of -AU$0.034. Following the earnings report the stock price went down -4.819%.
Which hedge fund is a major shareholder of IGO?
Currently, no hedge funds are holding shares in AU:IGO
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
IGO Stock Smart Score
Outperform
1
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3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
AU$8.54 (-7.73% Downside)
AU$8.54 (-7.73% Downside)
Blogger Sentiment
Bullish
AU:IGO Sentiment 80%
Sector Average 75%
Sector Average 75%
Insider Transactions
Bought Shares
Worth AU$150.5K over
the Last 3 Months
the Last 3 Months
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
66.22%
12-Months-Change
Fundamentals
Return on Equity
-9.95%
Trailing 12-Months
Asset Growth
-0.33%
Trailing 12-Months
Company Description
IGO
IGO Limited operates as an exploration and mining company that engages in discovering, developing, and operating assets focused on metals to enable clean energy in Australia. It owns and operates a 100% interest in the Nova nickel-copper-cobalt operation located to the east northeast of Norseman in the Great Western Woodlands of Western Australia; a 100% interest in the Cosmos nickel operation located to the north of Leinster in Western Australia; and a 100% interest in the Forrestania nickel operation located to the east of Perth in Western Australia. The company also focuses on investing in lithium mines, as well as holds 100% interest in the downstream processing refinery at Kwinana in Western Australia to produce battery grade lithium hydroxide. In addition, it owns and operates various projects, including Fraser Range, Kimberley, Paterson, Copper Coast, Frontier, Raptor, and Western Gawler projects. The company was formerly known as Independence Group NL and changed its name to IGO Limited in January 2020. IGO Limited was incorporated in 2000 and is headquartered in Perth, Australia.
IGO Company Deck
IGO Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Neutral
Mixed/Neutral. The call highlighted clear operational and cash-flow improvements (notably at Nova), strong balance sheet liquidity and constructive early signals from CGP3 plus meaningful resource/reserve optimization upside at Greenbushes. However, these positives are offset by a substantial revenue decline (-31.7%), an underlying net loss, the fully impaired and underperforming Kwinana asset, initial CGP3 commissioning delays and ongoing execution/timing risks at Greenbushes. Management tone was constructive and focused on disciplined capital allocation and operational fixes, but material challenges remain.View all AU:IGO earnings summariesIGO Stock 12 Month Forecast
Average Price Target
AU$8.54
▼(-7.73% Downside)
Technical Analysis
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Nickel Mines Ltd.
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Vulcan Energy Resources Ltd.
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Options Prices
Currently, No data available
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