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$3.40 - AU$9.50
Previous CloseN/A
Volume1.50M
Average Volume (3M)4.81M
Market Cap
AU$6.33B
Enterprise ValueAU$6.73B
Total Cash (Recent Filing)AU$411.00M
Total Debt (Recent Filing)AU$21.80M
Price to Earnings (P/E)―
Beta1.65
Next Earnings
Aug 27, 2026EPS Estimate
0.26Next 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$8.75Price Target Upside-5.37% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering10
EPS Forecast (FY)0.23
Revenue Forecast (FY)AU$432.98M
Bulls Say, Bears Say
Bulls Say
Liquidity & Cash GenerationIGO’s materially stronger operating cash inflow and positive underlying free cash flow, combined with ~AUD 299m cash and a AUD 300m undrawn facility, provide durable liquidity and financial flexibility. This supports funding operations, managing working capital, and staged capex during the portfolio transition, reducing short-term refinancing risk and enabling disciplined capital allocation over the next several quarters.
Nova Operational ImprovementOperational stabilisation at Nova improves unit costs and near-term cash generation from a core producing asset. As a high-quality cash contributor approaching end-of-life, Nova’s consistent output and lower operating risk provide a durable earnings buffer, enabling the company to fund obligations and support transition investments despite wider portfolio volatility.
Greenbushes Resource & Optimisation UpsideReserve/resource gains and a tighter pit (lower strip ratio) materially improve long-term mine economics at Greenbushes. Combined with encouraging early CGP3 commissioning metrics, this provides structural optionality to lift recoverable metal, lower unit costs, and support future throughput expansions (e.g., CGP4), strengthening IGO’s long-term position in lithium supply chains if execution proceeds.
Bears Say
Significant Revenue DeclineA structurally large revenue contraction signals weaker commodity pricing, lower volumes or asset downtimes that can persist across cycles. Sustained top-line decline reduces operating leverage, pressures margins, limits reinvestment capacity, and forces tougher capital allocation choices that can impair medium-term growth and returns unless reversed by higher volumes or price recovery.
Persistent Underlying LossesContinued underlying losses despite some operational gains show structural profitability challenges. Loss-making operations reduce retained earnings, constrain free cash flow generation over time, and increase reliance on balance sheet liquidity or asset sales. Without durable margin recovery, management faces constrained capital deployment and potential further impairments.
Asset Underperformance & Execution RiskA fully impaired Kwinana and ongoing underperformance at Greenbushes, plus early CGP3 commissioning slippage, highlight material execution and asset-specific risks. These issues erode asset value, create downside to production guidance, and can require restructures or partner negotiations, making future cash flows and reserve conversion less certain over the next several quarters.
IGO News
IGO FAQ
What was IGO’s price range in the past 12 months?
IGO lowest share price was AU$3.40 and its highest was AU$9.50 in the past 12 months.
What is IGO’s market cap?
IGO’s market cap is AU$6.33B.
When is IGO’s upcoming earnings report date?
IGO’s upcoming earnings report date is Aug 27, 2026 which is in 130 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 0.26.
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$8.75 (-5.37% Downside)
AU$8.75 (-5.37% Downside)
Blogger Sentiment
Bullish
AU:IGO Sentiment 77%
Sector Average 74%
Sector Average 74%
Insider Transactions
Bought Shares
Worth $108.0K 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$8.75
▼(-5.37% Downside)
Technical Analysis
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Vulcan Energy Resources Ltd.
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Options Prices
Currently, No data available
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