IGON Stock Chart & Stats
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Bulls Say, Bears Say
Bulls Say
Strong LiquidityIGO’s large cash balance and an undrawn AUD 300m facility give durable financial flexibility. This liquidity supports capital discipline, funds near-term operations and JV obligations, and buffers commodity cyclicality, reducing short‑term refinancing and solvency risk while management fixes operations.
Improved Nova OperationsOperational stability and lower costs at Nova materially improve sustainable cash generation from an owned asset. As Nova approaches end‑of‑life, stronger operating cash flow supports corporate liquidity, limits reliance on external financing and demonstrates management’s ability to extract value from core mines.
Reserve/Resource Optimization UpsideReserve/resource optimization at Greenbushes meaningfully improves mine economics by lowering strip ratios and adding metal at surface. That raises long‑term optionality for sustained production, supports downstream processing plans and enhances the asset base for future capacity expansions or life‑extension decisions.
Bears Say
Declining RevenueA >30% revenue drop reflects weaker commodity prices, lower volumes and Forrestania being offline. Reduced scale makes it harder to cover fixed and processing costs, compresses margins and limits internal cash available for sustaining and growth capital, raising strategic pressure over the medium term.
Underlying Net LossPersistent underlying losses signal that operating improvements haven’t yet restored profitability. Continued net losses erode retained earnings, constrain reinvestment capacity and make the company more dependent on asset sales, JV distributions or financing to fund growth and maintain liquidity over coming quarters.
Kwinana Underperformance & ImpairmentA fully impaired, loss‑making Kwinana asset reduces the company’s productive base and creates execution and partner‑resolution risk with Tianqi. Asset underperformance and impairments are lasting negatives that lower future cash generation and may necessitate further write‑downs or capital reallocation.
IGO News
IGON FAQ
What was IGO’s price range in the past 12 months?
Currently, no data Available
What is IGO’s market cap?
IGO’s market cap is $61.88B.
When is IGO’s upcoming earnings report date?
IGO’s upcoming earnings report date is Aug 27, 2026 which is in 29 days.
How were IGO’s earnings last quarter?
IGO released its earnings results on Feb 18, 2026. The company reported -$0.631 earnings per share for the quarter, missing the consensus estimate of -$0.412 by -$0.218.
Is IGO overvalued?
According to Wall Street analysts IGO’s price is currently Undervalued.
Does IGO pay dividends?
IGO does not currently pay dividends.
What is IGO’s EPS estimate?
IGO’s EPS estimate is 2.95.
How many shares outstanding does IGO have?
Currently, no data Available
What happened to IGO’s price movement after its last earnings report?
IGO reported an EPS of -$0.631 in its last earnings report, missing expectations of -$0.412. Following the earnings report the stock price went same N/A.
Which hedge fund is a major shareholder of IGO?
Currently, no hedge funds are holding shares in MX:IGON
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
IGO Stock Smart Score
Outperform
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Analyst Consensus
Moderate Buy
Average Price Target:
$109.26 (― Upside)
$109.26 (― Upside)
Blogger Sentiment
Bullish
MX:IGON Sentiment 90%
Sector Average 70%
Sector Average 70%
News Sentiment
Very Bullish
Bullish news 80%
Bearish news 20%
Bearish news 20%
Technicals
SMA
Positive
20 days / 200 days
Momentum
80.95%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
-0.33%
Trailing 12-Months
Company Description
IGO
IGO Limited is an Australian exploration and mining firm dedicated to discovering, developing, and operating mineral assets essential for clean energy technologies. The company holds outright ownership and management of several key Western Australian operations, including the Nova nickel-copper-cobalt mine, situated northeast of Norseman in the Great Western Woodlands; the Cosmos nickel mine, located north of Leinster; and the Forrestania nickel mine, positioned east of Perth. Furthermore, IGO strategically invests in lithium mining ventures and fully controls a downstream processing facility at Kwinana, Western Australia, which refines lithium into battery-grade hydroxide. Its comprehensive portfolio also encompasses a range of other exploration and development projects, such as Fraser Range, Kimberley, Paterson, Copper Coast, Frontier, Raptor, and Western Gawler. Established in 2000 and headquartered in Perth, Australia, the company previously operated under the name Independence Group NL before adopting IGO Limited in January 2020.