IGO 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 in Australian dollars. IGO has a trailing 12-month revenue of around $920.4 million. If you're looking to buy shares, check out the steps below.
To buy shares listed in Australia such as IGO, you'll need to sign up to a broker with access to the ASX. Our table can help you compare share trading platforms and choose. Then follow these steps.
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| 52-week range | $5.43 - $14.5184 |
|---|---|
| 50-day moving average | $6.5198 |
| 200-day moving average | $7.7453 |
| Target price | $7.15 |
| PE ratio | 18.4688 |
| Dividend yield | $0.55 (9.31%) |
| Earnings per share (TTM) | $0.32 |
The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. 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 last close of A$5.54
| 1 week (2024-07-18) | -5.62% |
|---|---|
| 1 month (2024-06-26) | -6.26% |
| 3 months (2024-04-26) | -22.08% |
| 6 months (2024-01-25) | -25.84% |
| 1 year (2023-07-26) | -61.50% |
|---|---|
| 2 years (2022-07-26) | -44.38% |
| 3 years (2021-07-26) | -37.96% |
| 5 years (2019-07-26) | 0.73% |
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 18x. In other words, IGO shares trade at around 18x 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 $219.4 million (£0.0 million).
The EBITDA is a measure of a IGO's overall financial performance and is widely used to measure stock profitability.
| Revenue TTM | $920.4 million |
|---|---|
| Gross profit TTM | $677.4 million |
| Return on assets TTM | -2.66% |
| Return on equity TTM | 5.99% |
| Profit margin | 24.46% |
| Book value | 4.757 |
| Market capitalisation | $4.5 billion |
TTM: trailing 12 months
Dividend payout ratio: 44.01% of net profits
Recently IGO has paid out, on average, around 44.01% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 9.31% 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 9.31% return on their shares, in the form of dividend payments. In IGO's case, that would currently equate to about A$0.55 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 11 March 2024 (the "ex-dividend date").
Over the last 12 months, IGO's shares have ranged in value from as little as $5.43 up to $14.5184. A popular way to gauge a stock's volatility is its "beta".
Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while IGO's is 0.764. This would suggest that IGO's shares are less volatile than average (for this exchange).
IGO Limited operates as an exploration and mining company that engages in discovering, developing, and operating assets focused on metals to enable clean energy in Australia. It owns and operates a 100% interest in the Nova nickel-copper-cobalt operation located to the east northeast of Norseman in the Great Western Woodlands of Western Australia; a 100% interest in the Cosmos nickel operation located to the north of Leinster in Western Australia; and a 100% interest in the Forrestania nickel operation located to the east of Perth in Western Australia. The company also focuses on investing in lithium mines, as well as holds 100% interest in the downstream processing refinery at Kwinana in Western Australia to produce battery grade lithium hydroxide. In addition, it owns and operates various projects, including Fraser Range, Kimberley, Paterson, Copper Coast, Frontier, Raptor, and Western Gawler projects. The company was formerly known as Independence Group NL and changed its name to IGO Limited in January 2020. The company was incorporated in 2000 and is headquartered in Perth, Australia.
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