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IGO
(Sydney:IGO)
IGO (IGO) vs. iShares MSCI Australia ETF (EWA)
IGO Business Overview & Revenue Model
IGO Earnings Call Summary
IGO Financial Statement Overview
| Breakdown | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 796.40M | 1.05B | 845.20M | 619.86M | 580.14M |
| Gross Profit | -134.60M | 203.20M | 327.30M | 151.74M | 105.19M |
| EBITDA | 144.80M | -592.20M | 468.40M | 358.66M | 296.66M |
| Net Income | 2.80M | 549.10M | 330.90M | 163.84M | 155.09M |
Balance Sheet | |||||
| Total Assets | 3.57B | 4.74B | 4.86B | 3.61B | 2.29B |
| Cash, Cash Equivalents and Short-Term Investments | 530.40M | 837.60M | 493.90M | 639.46M | 618.07M |
| Total Debt | 48.70M | 432.10M | 959.20M | 25.05M | 96.72M |
| Total Liabilities | 357.50M | 947.70M | 1.43B | 408.86M | 367.22M |
| Stockholders Equity | 3.21B | 3.79B | 3.44B | 3.20B | 1.93B |
Cash Flow | |||||
| Free Cash Flow | 673.10M | 1.05B | 300.30M | 351.34M | 309.85M |
| Operating Cash Flow | 872.00M | 1.39B | 388.40M | 446.05M | 397.52M |
| Investing Cash Flow | -240.30M | -293.60M | -1.28B | -1.06B | -115.34M |
| Financing Cash Flow | -943.70M | -726.70M | 761.80M | 633.00M | -116.96M |
IGO Technical Analysis
IGO Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | AU$2.35B | 16.79 | 152.73% | 5.29% | -10.00% | -16.51% | |
64 Neutral | $4.10B | 1,418.92 | -36.53% | 6.93% | -28.50% | -532.61% | |
61 Neutral | $10.08B | 5.95 | 0.94% | 3.00% | 3.04% | -41.02% | |
58 Neutral | $7.02B | 50.78 | -33.95% | 4.54% | 2.22% | -411.10% | |
56 Neutral | AU$3.28B | 17.84 | -7.32% | 5.26% | -6.64% | -209.78% | |
51 Neutral | $7.37B | 23.42 | -1.04% | ― | -65.07% | -102.37% |
IGO Corporate Events
IGO Limited reported a strong operational quarter with significant cash generation at its Greenbushes and Nova sites, despite challenges at Kwinana due to equipment failures and unplanned shutdowns. The company achieved improvements in safety metrics and operational efficiencies, leading to higher production and lower unit costs, although it faces potential impairments and increased rehabilitation provisions, impacting its financial outlook.
The most recent analyst rating on (AU:IGO) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on IGO stock, see the AU:IGO Stock Forecast page.
IGO Limited reported a strong operational quarter ending June 2025, with significant improvements in safety performance and increased spodumene sales at Greenbushes, achieving a 60% EBITDA margin. The Nova site also saw higher production and reduced cash costs, contributing to an underlying EBITDA of $62M for the quarter. However, the Kwinana lithium hydroxide refinery faced operational challenges, leading to a full impairment of Train 1. The company is embedding a new exploration business model and refining its ESG framework to align with stakeholder expectations and its commitment to a clean energy future.
The most recent analyst rating on (AU:IGO) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on IGO stock, see the AU:IGO Stock Forecast page.
IGO Limited has announced its intention to withdraw from the Fraser Range Joint Venture, effectively terminating the partnership with Carawine Resources Limited. Carawine now has the option to purchase IGO’s 76% interest in the remaining tenement for a nominal fee or allow its surrender. This decision follows several exploration programs that concluded further work was not warranted. Additionally, Carawine is awaiting a court decision regarding a compulsory acquisition attempt by its major shareholder, QGold Pty Ltd, which has faced objections from other shareholders.
The most recent analyst rating on (AU:IGO) stock is a Sell with a A$4.90 price target. To see the full list of analyst forecasts on IGO stock, see the AU:IGO Stock Forecast page.
IGO Limited has announced the issuance of 27,726 ordinary fully paid securities, effective June 30, 2025. This move signifies the company’s strategic efforts to enhance its capital structure, potentially impacting its market positioning and providing additional resources for its operations and growth initiatives.
The most recent analyst rating on (AU:IGO) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on IGO stock, see the AU:IGO Stock Forecast page.
IGO Limited announced the cessation of certain securities, specifically 217,575 performance rights and 31,144 service rights, due to the conditions for these securities not being met or becoming incapable of being satisfied. This announcement may impact the company’s capital structure and could have implications for stakeholders, reflecting challenges in meeting performance or service conditions.
The most recent analyst rating on (AU:IGO) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on IGO stock, see the AU:IGO Stock Forecast page.
IGO Limited has announced a strategic update to its Board structure as part of its ongoing transformation under the leadership of Managing Director and CEO Ivan Vella. The company plans to implement a renewal and succession process, which includes reducing the Board’s size, transitioning the Chair role, and recruiting new independent Non-Executive Directors. This restructuring aims to enhance oversight and governance, aligning with IGO’s refreshed strategic direction and supporting long-term value creation.
The most recent analyst rating on (AU:IGO) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on IGO stock, see the AU:IGO Stock Forecast page.
Vanguard Group has become a substantial holder in IGO Limited, acquiring a 5.171% voting power through its management of various mutual funds and accounts. This acquisition, effective from June 20, 2025, signifies Vanguard’s strategic interest in IGO Limited, potentially impacting the company’s market position and stakeholder dynamics.
The most recent analyst rating on (AU:IGO) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on IGO stock, see the AU:IGO Stock Forecast page.
IGO Limited has appointed Suzanne Retallack as Chief People and Sustainability Officer, effective September 15, 2025, following Sam Retallack’s resignation. Suzanne brings extensive global mining experience from her previous role at Newmont Corporation, aligning with IGO’s strategic focus on sustainability and battery materials. Her appointment is seen as pivotal for IGO’s ongoing transformation and commitment to sustainability.
The most recent analyst rating on (AU:IGO) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on IGO stock, see the AU:IGO Stock Forecast page.
IGO Limited has experienced a reduction in its voting power in Buxton Resources Limited due to the dilution effect following Buxton’s issuance of additional ordinary shares. This change, announced on June 6, 2025, reflects a decrease in IGO’s voting power from 15.52% to 12.10%, impacting its influence over Buxton’s corporate decisions.
The most recent analyst rating on (AU:IGO) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on IGO stock, see the AU:IGO Stock Forecast page.
Encounter Resources has regained full ownership of the Yeneena Copper Project following IGO Limited’s withdrawal from their joint venture. This development allows Encounter to leverage the extensive technical data gathered during the partnership to advance exploration efforts, particularly at the high-grade BM1 copper zone and the BM5 anomaly. The move comes amid strong demand for copper, positioning Encounter to capitalize on its strategic project portfolio, which also includes the West Arunta Niobium Project.
The most recent analyst rating on (AU:IGO) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on IGO stock, see the AU:IGO Stock Forecast page.
Ubique Asset Management Pty Ltd has increased its stake in IGO Limited, an Australian company, from 6.33% to 7.43% by acquiring additional shares. This change in substantial holding reflects a strategic move by Ubique Asset Management, potentially indicating confidence in IGO’s market position and future prospects.
The most recent analyst rating on (AU:IGO) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on IGO stock, see the AU:IGO Stock Forecast page.
IGO Limited announced a change in the director’s interest, with Director Samantha Hogg acquiring 20,000 ordinary shares through an on-market trade valued at $77,969.66. This acquisition reflects a strategic move in the company’s governance, potentially impacting its market perception and stakeholder confidence.
IGO Limited has announced a change in the director’s interest, specifically involving Mr. Michael Peter Nossal. The change includes the acquisition of 10,000 shares through an on-market trade and the transfer of 75,000 shares from direct ownership to MPJN Nominees Pty Ltd ATF Michael Nossal Superannuation Fund. This adjustment results in Mr. Nossal holding a total of 110,000 ordinary shares. The transaction reflects strategic financial management within the company, potentially impacting its governance and shareholder dynamics.
IGO Limited has announced a change in the director’s interest, with Ivan Vella acquiring additional shares in the company. This acquisition reflects a significant personal investment by the director, potentially indicating confidence in the company’s future performance and stability, which may positively impact stakeholders’ perceptions and the company’s market positioning.
IGO Limited announced a change in the director’s interest, with Ivan Vella acquiring additional performance and service rights. This change reflects the company’s ongoing commitment to aligning executive interests with shareholder value, potentially impacting IGO’s operational strategies and market positioning.
Medallion Metals Limited, in collaboration with IGO Limited, has revised the terms of their agreement regarding the acquisition of the Forrestania Nickel Operation. Under the new terms, Medallion will acquire full ownership of the operation, including tenements, infrastructure, and other assets, while IGO retains rights to explore and mine nickel and lithium. This strategic move aims to enhance Medallion’s gold production capabilities, leveraging existing infrastructure to unlock value and potentially reestablish the region as a significant gold production district. The transaction is set to be completed by late 2025, contingent on various conditions, including a positive investment decision on the Ravensthorpe Gold Project.