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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.
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Since the stock market crash in March caused by coronavirus, IGO's share price has had significant negative movement.
Its last market close was $4.39, which is 24.31% down on its pre-crash value of $5.8 and 34.25% up on the lowest point reached during the March crash when the shares fell as low as $3.27.
If you had bought $1,000 worth of IGO shares at the start of February 2020, those shares would have been worth $599.99 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $756.88.
52-week range | $3.2328 - $7.76 |
---|---|
50-day moving average | $5.8566 |
200-day moving average | $4.9467 |
Target price | $4.5 |
PE ratio | 27.0498 |
Dividend yield | $0.1 (1.39%) |
Earnings per share (TTM) | $0.261 |
Standard brokerage - Australian shares
Competitive broker fees on Australian and international shares
Important: Share trading carries risk of capital loss.
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.
Historical closes compared with the close of A$4.39 on 2020-10-22
1 week (2021-01-08) | -39.45% |
---|---|
1 month (2020-12-16) | -31.51% |
3 months (2020-10-16) | 0.69% |
6 months (2020-07-16) | -11.85% |
1 year (2020-01-16) | -34.28% |
---|---|
2 years (2019-01-16) | 8.93% |
3 years (2018-01-16) | -13.41% |
5 years (2016-01-15) | 103.24% |
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 current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 27x. In other words, IGO shares trade at around 27x 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 (earnings before interest, taxes, depreciation and amortisation) is $426.1 million (£0.0 million).
The EBITDA is a measure of a IGO's overall financial performance and is widely used to measure a its profitability.
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 | $5.8 billion |
TTM: trailing 12 months
Dividend payout ratio: 42.31% of net profits
Recently IGO has paid out, on average, around 42.31% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.39% 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 1.39% 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.
While IGO's payout ratio might seem fairly standard, it's worth remembering that IGO may be investing much of the rest of its net profits in future growth.
The latest dividend was paid out to all shareholders who bought their shares by 10 September 2020 (the "ex-dividend date").
Over the last 12 months, IGO's shares have ranged in value from as little as $3.2328 up to $7.76. A popular way to gauge a stock's volatility is its "beta".
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 1.0409. 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 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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