IGO (IPGDF) Stock Price, News & Analysis

Company Overview

IGO Limited is an Australian mining and exploration company focused on producing metals used in the clean energy and electric vehicle supply chains. The company’s portfolio has historically included nickel, lithium and copper assets, with operations and projects located primarily in Western Australia.

IGO’s principal assets include the Nova nickel-copper-cobalt operation in the Fraser Range of Western Australia and interests in lithium businesses operated through joint ventures. The company has held a 49% interest in the Greenbushes lithium mine and the Kwinana lithium hydroxide refinery, alongside Tianqi Lithium, which operates those assets. Greenbushes produces spodumene concentrate used in the manufacture of lithium chemicals, while Kwinana was developed to process concentrate into lithium hydroxide.

Founded in 2002 as Independence Group, the company adopted the IGO name in 2020 as it expanded its focus on materials supporting the energy transition. IGO’s shares trade on the Australian Securities Exchange under the symbol IGO, and its securities are also quoted over the counter in the United States under the symbol IPGDF. The company has been led by Managing Director and Chief Executive Officer Ivan Vella since 2024.

Key Stats

• Today's Range: $5.60 to $5.60
• 50-Day Range: $4.49 to $6.30
• 52-Week Range: $3.15 to $7.13
• Volume: N/A
• Average Volume: 728 shs
• Market Capitalization: N/A
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $9.50
• Consensus Rating: Hold

IGO Stock Analysis - MarketRank™

IGO scored higher than 54% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.2 / 5
• Analyst Rating: Hold

Consensus Rating

IGO has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no strong buy ratings, 1 buy rating, 1 hold rating, and 1 sell rating.

Upside Potential

IGO has a consensus price target of $9.50, representing about 69.6% upside from its current price of $5.60.

Amount of Analyst Coverage

IGO has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: N/A
• Proj. Earnings Growth: N/A

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

IGO has a short interest ratio ("days to cover") of 0, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in IGO has recently decreased by 31.19%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

IGO does not currently pay a dividend.

Dividend Growth

IGO does not have a long track record of dividend growth.

News and Social Media

• Score: 0.9 / 5
• News Sentiment: N/A

News Sentiment

IGO has a news sentiment score of -0.54. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.44 average news sentiment score of Materials companies.

News Coverage This Week

MarketBeat has tracked 1 news article for IGO this week, compared to 1 article on an average week.

Company Ownership

• Score: 0.3 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, IGO insiders have not sold or bought any company stock.

Percentage Held by Institutions

25.52% of the stock of IGO is held by institutions.

Industry, Sector and Symbol

• Stock Exchange: OTCMKTS
• Sector: Materials
• Industry: Metals & Mining
• Sub-Industry: N/A
• Current Symbol: OTCMKTS:IPGDF
• CIK: N/A
• Web: www.igo.com.au
• Phone: (189) 238-8300
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Price Target and Rating

• Average Price Target for IGO: $9.50
• High Price Target: $9.50
• Low Price Target: $9.50
• Potential Upside/Downside: +69.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: N/A
• Free Float: N/A
• Market Cap: N/A
• Optionable: Not Optionable
• Beta: N/A