Company Information
About IGO Limited (ASX: IGO)
IGO Limited is a company that specializes in the discovery, development, and delivery of products that are essential for clean energy. Its work supports technology advancements such as transportation electrification, energy storage, and renewable energy. The company operates through various segments. Its Nova Operation includes an underground nickel mine and a processing facility that creates nickel and copper concentrates. The Forrestania Operation consists of the Flying Fox and Spotted Quoll underground mines, along with the Cosmic Boy processing facility that processes the mined materials.
Additionally, IGO owns a lithium business with a 51% stake in the Greenbushes Lithium Mine and a fully-owned Kwinana Refinery, both located in Western Australia. Financially, IGO Limited has reported a revenue of AUD 920.40 million and a net income of AUD 246.40 million over the trailing twelve months (TTM). The company was established in 2000 and has a workforce of 244 employees. It has experienced considerable growth; year over year, its revenues increased by 13.41% from AUD 902.80 million to AUD 1.02 billion, and its net income jumped by 65.94% from AUD 330.90 million to AUD 549.10 million.
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IGO Limited (ASX: IGO) Live Chart
IGO Limited (ASX: IGO) Forecast
The consensus among 10 Wall Street analysts covering IGO Limited suggests that the stock has an average 12-month price target of AU$7.83. This target price is slightly above its recent trading price of AU$7.62, indicating a potential upside of approximately 2.81%. Analysts’ estimates vary significantly, with the most optimistic analyst setting a high price target of AU$12.90, while the most cautious analyst has a low target of AU$5.50.
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