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.
Overview
IGO Ltd gives Australian investors exposure to a portfolio of battery minerals and mining projects, including nickel, lithium, copper, cobalt and silver. At A$6.08, its shares are within the supplied 52-week range of A$4.84 to A$9.99. The company reports trailing revenue of A$462.9 million, revenue growth of 10.30% and a profit margin of 31.39%, while its mining and exploration focus leaves results exposed to commodity cycles and project execution.
IGO Ltd is a Perth-based Australian miner and explorer focused on minerals used in battery supply chains. Its portfolio spans the Nova and Forrestania operations, the Cosmos project, a lithium business and growth activities, with exploration and project evaluation across nickel, lithium, copper, cobalt and silver. The business sells mineral concentrates and offers related shipping and insurance services. Its exposure to several minerals and projects gives it a broad role in the sector, while also linking performance to commodity cycles and the execution of mining and development plans.
Key facts
- Ticker
- IGO
- Exchange
- AU
- ISIN
- AU000000IGO4
- Sector
- Basic Materials
- Industry
- Other Industrial Metals & Mining
- Country
- Australia
- Currency
- AUD
- Price
- A$6.08
- Previous close
- A$6.20
- Day change
- -A$0.12 (-1.94%)
- Market cap
- 4.6B
- 52W low
- A$4.84
- 52W high
- A$9.99
Price and trend
Last price: A$6.08
- Price
- A$6.08
- 52W range
- A$4.84 – A$9.99
- 50-day SMA
- A$7.48
- 200-day SMA
- A$7.99
- Price vs 50D SMA
- -18.74%
- Price vs 200D SMA
- -23.88%
Valuation
- P/E
- 32.00
- PEG
- 0.51
- EPS
- 0.19
- Dividend yield
- 0.81%
- Beta
- 0.68
IGO is reported on a price-to-earnings ratio of 32 and a PEG ratio of 0.51, alongside a dividend yield of 0.81%. These measures offer different perspectives on valuation and income, but neither removes the uncertainty inherent in commodity-linked earnings. The supplied analyst target price is A$7.73, or 27.19% above the last price; it is secondary context rather than a forecast or assurance of future performance.
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Profitability and growth
- Revenue growth
- 10.30%
- Revenue TTM
- 462.9M
- Profit margin
- 31.39%
Analyst view
Comparison uses the last price shown; targets are analyst estimates.
- Price
- A$6.08
- Target price
- A$7.73
- Target vs last price
- 27.19% from last price
IGO combines a substantial Australian mining and exploration business with exposure to minerals associated with battery supply chains. Trailing revenue of A$462.9 million grew 10.30%, and the reported profit margin of 31.39% indicates meaningful profitability in the period represented by the supplied figures. These measures should be viewed in the context of mining’s sensitivity to commodity prices, production and project costs. The A$6.08 share price sits below both supplied moving averages, while the 52-week range of A$4.84 to A$9.99 shows the scale of recent price variation.
Risks
IGO’s results are exposed to swings in battery-mineral prices, operating performance and the costs and timing of exploration and development projects. Its range of minerals and projects does not remove the risk that weaker commodity conditions or execution setbacks could weigh on revenue and profitability. The share price at A$6.08 is below both its A$7.48 50-day and A$7.99 200-day moving averages, reflecting a weaker recent technical position; it remains within a broad 52-week range of A$4.84 to A$9.99.
FAQ
What does IGO Ltd do?
IGO explores for and develops battery minerals in Australia, including nickel, lithium, copper, cobalt and silver. Its activities include operating assets, exploration, project evaluation and the sale of concentrates.
How has IGO’s revenue been growing?
Reported trailing revenue is A$462.9 million, with revenue growth of 10.30%. Its reported profit margin is 31.39%, although mining earnings can vary with commodity prices, production and project costs.
Does IGO pay a dividend?
The supplied figures show a dividend yield of 0.81% and a dividend per share of A$0.05. Dividend income and future payments are not guaranteed.
*This content is aimed to provide general information only, and does not take your personal objectives, financial situation or needs into account.
IGO Limited (ASX: IGO) Fundamentals
