IGO (AU:IGO)
ASX:IGO
Want to see AU:IGO full AI Analyst Report?
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$3.67 - AU$9.50
Previous CloseN/A
Volume1.50M
Average Volume (3M)4.81M
Market Cap
AU$6.96B
Enterprise ValueAU$6.70B
Total Cash (Recent Filing)AU$411.00M
Total Debt (Recent Filing)AU$21.80M
Price to Earnings (P/E)―
Beta1.75
Next Earnings
Aug 27, 2026EPS Estimate
0.25Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.28
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$8.47Price Target Upside-8.43% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering10
EPS Forecast (FY)0.19
Revenue Forecast (FY)AU$416.21M
Bulls Say, Bears Say
Bulls Say
Strong Liquidity And Cash GenerationIGO's material cash balance, undrawn facility and a swing to positive operating and free cash flow provide durable financial flexibility. This buffer supports working capital, disciplined capex and JV obligations through commodity cycles, reducing refinancing and liquidity risk over the next 2–6 months.
Nova Operational Improvement And Cash ContributionImproved Nova performance reduces operational volatility and boosts near-term cash flow as the asset winds down. Reliable, lower-cost production from an operated mine improves portfolio cash generation, easing pressure on other underperforming assets and supporting disciplined capital allocation.
Greenbushes Resource Upside And CGP3 Ramp SignalsResource/reserve optimization plus promising CGP3 commissioning indicators represent structural capacity upside. Higher recoveries, better grades and added surface metal extend resource optionality and processing throughput potential, supporting sustainable medium-term volume and margin improvement if execution continues.
Bears Say
Significant Revenue DeclineA >30% revenue drop materially reduces scale and operational leverage, weakening margin sustainability and the firm's ability to cover fixed costs. Persistent lower top-line pressures constrain reinvestment, increase reliance on asset sales or JV payouts, and raise medium-term execution demands to restore growth.
Underlying Net Loss And Profitability WeaknessRecurring underlying losses erode returns and retained earnings, dragging ROE negative and limiting ability to fund growth internally. Continued unprofitability increases the probability management must cut investment, sell assets, or seek external capital, which can dilute strategic optionality over months.
Kwinana Underperformance And Impairment RiskA fully impaired, loss-making JV asset is a structural drag: it reduces consolidated earnings potential and creates counterparty and operational risks. Ongoing negotiations with Tianqi add uncertainty around cash returns or remediation costs, threatening near-term recovery of capital or earnings contributions.
IGO News
IGO FAQ
What was IGO’s price range in the past 12 months?
IGO lowest share price was AU$3.67 and its highest was AU$9.50 in the past 12 months.
What is IGO’s market cap?
IGO’s market cap is AU$6.96B.
When is IGO’s upcoming earnings report date?
IGO’s upcoming earnings report date is Aug 27, 2026 which is in 95 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
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
AU$8.47 (-8.43% Downside)
AU$8.47 (-8.43% Downside)
Blogger Sentiment
Bullish
AU:IGO Sentiment 80%
Sector Average ―
Sector Average ―
Insider Transactions
Bought Shares
Worth AU$150.5K over
the Last 3 Months
the Last 3 Months
News Sentiment
Very Bearish
Bullish news 0%
Bearish news 100%
Bearish news 100%
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$8.47
▼(-8.43% Downside)
Technical Analysis
Syrah Resources
―
Core Lithium Ltd
―
Liontown Resources Limited
―
Nickel Mines Ltd.
―
Vulcan Energy Resources Ltd.
―
Options Prices
Currently, No data available
---