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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 $877 million.
How to buy shares in IGO
- 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.
- 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.
- 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.
- 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.
- Decide on how many to buy. At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
- 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.
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IGO share price
Use our graph to track the performance of IGO stocks over time.IGO shares at a glance
Information last updated 2021-03-26.
| 52-week range | $3.9149 - $7.76 |
|---|---|
| 50-day moving average | $6.5578 |
| 200-day moving average | $5.6265 |
| Target price | $4.5 |
| PE ratio | 34.5055 |
| Dividend yield | $0.05 (0.8%) |
| Earnings per share (TTM) | $0.182 |
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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.
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.
IGO price performance over time
Historical closes compared with the last close of A$7.03
| 1 month (2021-03-18) | 9.84% |
|---|
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 35x. In other words, IGO shares trade at around 35x recent earnings.
That's relatively high compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
IGO's EBITDA
IGO's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $401.3 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.
IGO financials
| Revenue TTM | $877 million |
|---|---|
| Operating margin TTM | 19.15% |
| Gross profit TTM | $604.4 million |
| Return on assets TTM | 4.02% |
| Return on equity TTM | 4.8% |
| Profit margin | 12.45% |
| Book value | 3.555 |
| Market capitalisation | $4.8 billion |
TTM: trailing 12 months
IGO share dividends
Dividend payout ratio: 27.49% of net profits
Recently IGO has paid out, on average, around 27.49% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.59% 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 1.59% return on their shares, in the form of dividend payments. In IGO's case, that would currently equate to about A$0.05 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 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 $3.9149 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 1.0356. 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.
Frequently asked questions
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
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