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How to buy IGO shares

Own IGO shares in just a few minutes.

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IGO Limited is an other industrial metals & mining business based in Australia. IGO shares (IGO) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. IGO has a trailing 12-month revenue of around $888.9 million.

How to buy shares in IGO

  1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
  3. Search for IGO. Find the share by name or ticker symbol: IGO. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until IGO reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At today's price of $N/A, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
  6. Check in on your investment. Congratulations, you own a part of IGO. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

IGO share price

Use our graph to track the performance of IGO stocks over time.

IGO shares at a glance

Information last updated 2020-09-25.
52-week rangeAUDA$3.27 - AUDA$7.11
50-day moving average AUDA$4.5681
200-day moving average AUDA$4.7045
Target priceAUDA$4.5
PE ratio 17.4895
Dividend yield AUDA$0.1 (2.35%)
Earnings per share (TTM) AUDA$0.261

Share Trading Account Offer

IG Share Trading Offer

AUD 8

Standard brokerage - Australian shares

Share Trading Account Offer

Competitive broker fees on Australian and international shares

  • Brokerage - AU shares: From AUD 5 or 0.05%
  • Brokerage - US shares: USD 0
  • Sign-up process: Instant
  • Support - After hours: Yes
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Important: Share trading carries risk of capital loss.

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Compare share trading platforms

The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.
Data indicated here is updated regularly
Name Product Standard brokerage fee Inactivity fee Markets
IG Share Trading
Finder Award
IG Share Trading
AUD 8 or 0.1%
AUD 50 per quarter if you make fewer than three trades in that period
ASX shares, Global shares, Forex, CFDs, Margin trading
Brokerage discount: $5 on Australian shares for active traders & $0 commission on US and global shares
Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, forex and CFDs, plus get access to 24-hour customer support.
Superhero share trading
AUD 5
No
ASX shares
Trade ASX stocks and ETFs with a flat $5 brokerage fee and a low minimum investment of just $100.
CMC Markets Stockbroking
AUD 11 or 0.1%
No
ASX shares, Global shares, Forex, CFDs, Margin trading, Options trading, mFunds
$0 brokerage on global shares including US, UK and Japan markets.
Trade up to 9,000 products, including shares, managed funds, forex, commodities and cryptocurrencies, plus access up to 15 major global and Australian stock exchanges.
ThinkMarkets Share Trading
AUD 8
No
ASX shares, ETFs
Fast sign-up: Start trading in just a few minutes
Switch between your ASX share trading account and your forex account on your mobile and access some of the lowest brokerage fees on the market with a flat $8 commission (until $200,000).
ANZ Share Investing
AUD 19.95
No
ASX shares, Global shares, Margin trading, Options trading
Earn 1 Qantas Point per AU$3 spent on brokerage fees on certain instruments.
Access Morningstar reports, company announcements and and live pricing via ANZ’s share investing platform. Available for desktop and mobile.
Westpac Online Investing Account
AUD 19.95 or 0.11%
AUD 63.50 per year on the global markets account
ASX shares, Global shares, Options trading, US shares
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Compare up to 4 providers

Is it a good time to buy IGO stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Is IGO under- or over-valued?

Valuing IGO stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of IGO's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

IGO's P/E ratio

IGO's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 17x. In other words, IGO shares trade at around 17x recent earnings.

That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

IGO's EBITDA

IGO's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $426.1 million.

The EBITDA is a measure of a IGO's overall financial performance and is widely used to measure a its profitability.

IGO financials

Revenue TTM $888.9 million
Operating margin TTM 21.14%
Gross profit TTM $604.4 million
Return on assets TTM 5.24%
Return on equity TTM 8.22%
Profit margin 17.45%
Book value 3.26
Market capitalisation $2.5 billion

TTM: trailing 12 months

IGO share dividends

54%

Dividend payout ratio: 53.58% of net profits

Recently IGO has paid out, on average, around 53.58% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.35% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), IGO shareholders could enjoy a 2.35% return on their shares, in the form of dividend payments. In IGO's case, that would currently equate to about A$0.1 per share.

IGO's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

The latest dividend was paid out to all shareholders who bought their shares by 9 September 2020 (the "ex-dividend date").

IGO share price volatility

Over the last 12 months, IGO's shares have ranged in value from as little as $3.27 up to $7.11. A popular way to gauge a stock's volatility is its "beta".

IGO.AU volatility(beta: 1.24)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while IGO's is 1.244. This would suggest that IGO's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

IGO overview

IGO Limited operates as a mining and exploration company in Australia. The company owns a 100% interest in the Nova project, which produces nickel, copper, and cobalt concentrates located to the east-northeast of Norseman; and 30% interest in the Tropicana gold mine covering 3,600 square kilometers of tenements located to the east northeast of Kalgoorlie. It also engages in the exploration of nickel and copper projects located in Western Australia, Northern Territory, and South Australia, as well as Greenland. The company was formerly known as Independence Group NL and changed its name to IGO Limited in January 2020. IGO Limited was founded in 2000 and is headquartered in Perth, Australia.

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