IGO (ASX:IGO) - Stock Price, News & Analysis

IGO Stock Overview

Operates as an exploration and mining company that engages in discovering, developing, and operating assets focused on metals to enable clean energy in Australia.

About the company

IGO fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	3/6
Past Performance	1/6
Financial Health	6/6
Dividends	4/6

Rewards

Trading at 57.1% below our estimate of its fair value

Earnings are forecast to grow 38.73% per year

Risk Analysis

Profit margins (0.3%) are lower than last year (53.6%)

Large one-off items impacting financial results

Dividend of 6.67% is not well covered by earnings

IGO Limited Competitors

Iluka Resources

ASX:ILU

AU$2.6b

Lynas Rare Earths

ASX:LYC

AU$6.6b

Mineral Resources

ASX:MIN

AU$7.9b

Nickel Industries

ASX:NIC

AU$3.6b

Price History & Performance

Summary of all time highs, changes and price drops for IGO
Historical stock prices
Current Share Price	AU$5.55
52 Week High	AU$14.90
52 Week Low	AU$4.93
Beta	0.76
11 Month Change	-0.54%
3 Month Change	-20.60%
1 Year Change	-59.90%
33 Year Change	-43.37%
5 Year Change	-9.31%
Change since IPO	1,955.56%

IGO Limited Just Missed EPS By 99%: Here's What Analysts Think Will Happen Next

Aug 30

The IGO Limited (ASX:IGO) Analysts Have Been Trimming Their Sales Forecasts

Aug 02

Recent updates

IGO Limited Just Missed EPS By 99%: Here's What Analysts Think Will Happen Next

Aug 30

The IGO Limited (ASX:IGO) Analysts Have Been Trimming Their Sales Forecasts

Aug 02

IGO Limited's (ASX:IGO) Intrinsic Value Is Potentially 69% Above Its Share Price

Jan 30

An Intrinsic Calculation For IGO Limited (ASX:IGO) Suggests It's 28% Undervalued

Jun 02

IGO (ASX:IGO) Has A Rock Solid Balance Sheet

Apr 18

Here's Why We Think IGO (ASX:IGO) Might Deserve Your Attention Today

Dec 04

IGO (ASX:IGO) Has A Rock Solid Balance Sheet

Nov 06

IGO Limited's (ASX:IGO) Intrinsic Value Is Potentially 53% Above Its Share Price

Oct 08

Here's Why IGO (ASX:IGO) Has Caught The Eye Of Investors

Sep 04

Calculating The Fair Value Of IGO Limited (ASX:IGO)

Jul 07

Here's Why I Think IGO (ASX:IGO) Might Deserve Your Attention Today

Jun 01

Shareholder Returns

	IGO	AU Metals and Mining	AU Market
7D	6.3%	0.3%	0.7%
1Y	-59.9%	-10.5%	10.5%

Return vs Industry: IGO underperformed the Australian Metals and Mining industry which returned -10.5% over the past year.

Return vs Market: IGO underperformed the Australian Market which returned 10.5% over the past year.

Price Volatility

Is IGO's price volatile compared to industry and market?
IGO volatility
IGO Average Weekly Movement	5.7%
Metals and Mining Industry Average Movement	11.3%
Market Average Movement	8.4%
10% most volatile stocks in AU Market	17.4%
10% least volatile stocks in AU Market	3.5%

Stable Share Price: IGO's share price has been volatile over the past 3 months.

Volatility Over Time: IGO's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2000	n/a	Ivan Vella	www.igo.com.au

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 explores for nickel, lithium, copper, and cobalt. The company was formerly known as Independence Group NL and changed its name to IGO Limited in January 2020.

IGO Limited Fundamentals Summary

How do IGO's earnings and revenue compare to its market cap?
IGO fundamental statistics
Market cap	AU$4.20b
Earnings (TTM)	AU$2.80m
Revenue (TTM)	AU$841.30m

1,499x

P/E Ratio

5.0x

P/S Ratio

Is IGO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
IGO income statement (TTM)
Revenue	AU$841.30m
Cost of Revenue	AU$459.60m
Gross Profit	AU$381.70m
Other Expenses	AU$378.90m
Earnings	AU$2.80m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Oct 27, 2024

Earnings per share (EPS)	0.0037
Gross Margin	45.37%
Net Profit Margin	0.33%
Debt/Equity Ratio	0%

How did IGO perform over the long term?

See historical performance and comparison

Dividends

6.7%

Current Dividend Yield

10,008%

Payout Ratio

Does IGO pay a reliable dividends?

See IGO dividend history and benchmarks

When do you need to buy IGO by to receive an upcoming dividend?
IGO dividend dates
Ex Dividend Date	Sep 11 2024
Dividend Pay Date	Sep 26 2024
Days until Ex dividend	10 days
Days until Dividend pay date	25 days

Does IGO pay a reliable dividends?

See IGO dividend history and benchmarks

IGO Stock Overview

Rewards

Risk Analysis

IGO Limited Competitors

ASX:ILU

AU$2.6b

ASX:LYC

AU$6.6b

ASX:MIN

AU$7.9b

ASX:NIC

AU$3.6b

Price History & Performance

Recent News & Updates

Final dividend of AU$0.26 announced

IGO Limited Just Missed EPS By 99%: Here's What Analysts Think Will Happen Next

Full year 2024 earnings released: EPS: AU$0.004 (vs AU$0.72 in FY 2023)

IGO Limited Announces Resignation of Kathryn Barker as Joint Company Secretary

Albemarle Reportedly May Look to Offload 49% Stake in Greenbushes Lithium Mine to IGO

The IGO Limited (ASX:IGO) Analysts Have Been Trimming Their Sales Forecasts

Recent updates

Final dividend of AU$0.26 announced

IGO Limited Just Missed EPS By 99%: Here's What Analysts Think Will Happen Next

Full year 2024 earnings released: EPS: AU$0.004 (vs AU$0.72 in FY 2023)

IGO Limited Announces Resignation of Kathryn Barker as Joint Company Secretary

Albemarle Reportedly May Look to Offload 49% Stake in Greenbushes Lithium Mine to IGO

The IGO Limited (ASX:IGO) Analysts Have Been Trimming Their Sales Forecasts

High number of new directors

Price target decreased by 7.9% to AU$6.37

Consensus revenue estimates decrease by 12%, EPS upgraded

IGO Limited Announces Company Secretary Changes

Consensus EPS estimates increase by 14%

IGO Limited Appoints Marcelo Bastos as Independent Non-Executive Director

IGO Limited, Annual General Meeting, Nov 06, 2024

Upcoming dividend of AU$0.11 per share

Investor sentiment improves as stock rises 15%

CEO, MD & Director recently bought AU$302k worth of stock

First half 2024 earnings released: EPS: AU$0.38 (vs AU$0.81 in 1H 2023)

Consensus EPS estimates fall by 12%, revenue upgraded

South32 Limited Commences Proceedings Against IGO Ltd in the Supreme Court of Western Australia

Price target decreased by 7.6% to AU$8.77

Consensus EPS estimates fall by 10%

IGO Limited's (ASX:IGO) Intrinsic Value Is Potentially 69% Above Its Share Price

IGO Limited to Report First Half, 2024 Results on Feb 22, 2024

IGO Limited to Report Q4, 2024 Results on Jul 30, 2024

Price target decreased by 7.2% to AU$10.23

Investor sentiment improves as stock rises 15%

Price target decreased by 7.4% to AU$11.81

Price target decreased by 9.9% to AU$12.29

Is IGO (ASX:IGO) A Risky Investment?

Price target decreased by 7.2% to AU$12.81

Is IGO Limited (ASX:IGO) Trading At A 36% Discount?

Now 23% undervalued after recent price drop

Upcoming dividend of AU$0.60 per share at 6.0% yield

IGO's (ASX:IGO) Shareholders Will Receive A Bigger Dividend Than Last Year

IGO Limited Declarers Special Dividend for the Year Ended June 30, 2023, Payable on September 28, 2023

IGO Limited Declares Final Dividend for the Year Ended June 30, 2023, Payable on September 28, 2023

Full year 2023 earnings: EPS and revenues miss analyst expectations

Now 20% undervalued

Now 20% undervalued

Do IGO's (ASX:IGO) Earnings Warrant Your Attention?

Now 21% undervalued

Ivan Vella Joins IGO Limited as Managing Director No Later Than 11 December 2023

An Intrinsic Calculation For IGO Limited (ASX:IGO) Suggests It's 28% Undervalued

Now 20% undervalued

Now 20% undervalued

Metal Hawk Limited (ASX:MHK) signed a binding agreement to acquire remaining 51% stake in Kanowna East, Emu Lake and Fraser South projects in Western Australia from IGO Limited (ASX:IGO) for AUD 0.26 million.

IGO (ASX:IGO) Has A Rock Solid Balance Sheet

High number of new directors

IGO Limited Commences Ground Exploration Activities at the Greenbushes East Exploration Project Located Adjacent to the Greenbushes Lithium Mine

IGO Limited Announces Ordinary Fully Franked Dividend for the Six Months Ended 31 December 2022, Payable on 31 March 2023

IGO Limited Announces the Appointment of Samantha Hogg to its Board as an Independent Non-Executive Director

IGO Limited to Report Q1, 2024 Results on Oct 30, 2023

IGO Limited, Annual General Meeting, Nov 16, 2023

IGO Limited Announces Operations Resume at Nova

IGO Limited Announces Fire Incident At Nova Operation

Here's Why We Think IGO (ASX:IGO) Might Deserve Your Attention Today

Independent Non-Executive Director recently bought AU$170k worth of stock

Now 24% undervalued

IGO (ASX:IGO) Has A Rock Solid Balance Sheet