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IGO Limited (IGO.AX)
AUD6.74
+0.05 (+0.75%)
AU ASX Basic Materials Industrial Materials
Address
South Shore Centre 6151
Perth, WA, AU
Perth, WA, AU
CEO
Ivan Vella
Website
igo.com.au
IPO
2002-01-03
ISIN AU000000IGO4
Also trades on
Australian Securities Exchange · IGO.AX (AUD)
Other OTC · IIDDY (USD)
Other OTC · IPGDF (USD)
Description
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.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
AUD6.74
+0.05 (+0.75%)
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Volume Profile
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Liquidity & share structure
Average Volume
4M
Beta
0.61
Float Shares
670.84M
Free Float %
88.6%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +3.57% | +3.90% | +28.94% | +11.14% | +41.51% | +16.83% | +146.91% | -34.29% | +26.05% | +244.60% | +4,762.45% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Analyst Consensus (1 ratings, all time)
Buy
Price Targets & DCF
Current price
6.74
DCF (Unlevered)
0.14
-98.0%
DCF (Levered)
6.58
-2.4%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
36% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 1 | 0 |
| Buy | 4 | 0 |
| Hold | 8 | 0 |
| Sell | 1 | -2 |
| Strong Sell | 0 | -1 |
Quality scores
Altman Z-Score
16.39
Safe zone
Piotroski F-Score
4 / 9
Average
MOAT Score
1 / 10
No MOAT
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
4 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
-
Revenue growth Industrial Materials: +4.8%-37.2% Q4'25: -55.6% (vs Q4'23)
-
EPS growth Industrial Materials: +16.2%-34,154.1% Q4'25: -111.9% (vs Q4'23)
-
FCF margin FCF growth · Industrial Materials: +3.3%-146.1% Q4'25: +15.5% (vs Q4'23)
-
EBIT margin Industrial Materials: +3.1%-207.5% Q4'25: -49.2% (vs Q4'23)
-
ROIC Industrial Materials: +2.2%-58.3% Q4'25: -21.4% (vs Q4'23)
-
Share dilution Industrial Materials: -0.2%-0.3% ★ Q4'25: -0.4% (vs Q4'23)
-
Debt / EBITDA Net debt/EBITDA · Industrial Materials: 0.52×-0.04× Q4'25: 10.90× (vs Q4'23)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Jun 2004 actual |
Jun 2005 actual |
Jun 2006 actual |
Jun 2007 actual |
Jun 2008 actual |
Jun 2009 actual |
Jun 2010 actual |
Jun 2011 actual |
Jun 2012 actual |
Jun 2013 actual |
Jun 2014 actual |
Jun 2015 actual |
Jun 2016 actual |
Jun 2017 actual |
Jun 2018 actual |
Jun 2019 actual |
Jun 2020 actual |
Jun 2021 actual |
Jun 2022 actual |
Jun 2023 actual |
Jun 2024 actual |
Jun 2025 actual |
Jun 2026 14 Rev. Ana. 10 EPS Ana. |
Jun 2027 13 Rev. Ana. 10 EPS Ana. |
Jun 2028 13 Rev. Ana. 9 EPS Ana. |
Jun 2029 9 Rev. Ana. 3 EPS Ana. |
Jun 2030 12 Rev. Ana. 4 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
66.74M
est: 68.24M (-2.2%)
|
85.77M
est: 95.52M (-10.2%)
|
112.58M
est: 88.88M (+26.7%)
|
222.93M
est: 242.35M (-8.0%)
|
138.89M
est: 148.24M (-6.3%)
|
94.87M
est: 92.40M (+2.7%)
|
111.14M
est: 115.30M (-3.6%)
|
151.36M
est: 171.12M (-11.5%)
|
206.98M
est: 209.68M (-1.3%)
|
225.87M
est: 230.13M (-1.9%)
|
399.06M
est: 413.18M (-3.4%)
|
495.33M
est: 506.19M (-2.1%)
|
413.19M
est: 417.32M (-1.0%)
|
421.93M
est: 451.06M (-6.5%)
|
777.95M
est: 772.95M (+0.6%)
|
784.51M
est: 768.47M (+2.1%)
|
580.14M
est: 870.16M (-33.3%)
|
619.86M
est: 892.88M (-30.6%)
|
845.20M
est: 900.60M (-6.2%)
|
1.05B
est: 1.01B (+3.5%)
|
796.40M
est: 823.00M (-3.2%)
|
499.90M
est: 513.00M (-2.6%)
|
416.19M
390.98M – 466.59M
-18.9% YoY
|
109.51M
55.40M – 235.36M
-73.7% YoY
|
571.4K
549.5K – 593.4K
-99.5% YoY
|
17.60M
14.89M – 23.62M
+2,980.0% YoY
|
103.33M
87.45M – 138.67M
+487.1% YoY
|
| EBITDA |
33.65M
est: -3.34M (+1,106.5%)
|
40.13M
est: -4.59M (+974.9%)
|
60.17M
est: 28.28M (+112.7%)
|
161.30M
est: 139.61M (+15.5%)
|
83.11M
est: 96.34M (-13.7%)
|
37.08M
est: 42.55M (-12.9%)
|
51.73M
est: 20.84M (+148.2%)
|
55.01M
est: 59.07M (-6.9%)
|
-328.20M
est: 19.63M (-1,771.9%)
|
53.90M
est: -422.91M (+112.7%)
|
147.86M
est: 41.63M (+255.1%)
|
210.67M
est: 78.16M (+169.5%)
|
41.27M
est: 93.81M (-56.0%)
|
117.45M
est: -58.03M (+302.4%)
|
341.90M
est: 54.66M (+525.5%)
|
348.02M
est: 68.97M (+404.6%)
|
296.66M
est: 109.92M (+169.9%)
|
358.66M
est: 233.86M (+53.4%)
|
468.40M
est: 245.15M (+91.1%)
|
-592.20M
est: 243.05M (-343.7%)
|
148.40M
est: 243.32M (-39.0%)
|
-811.10M
est: -25.68M (-3,058.2%)
|
-20.39M
-22.86M – -19.15M
+20.6% YoY
|
-5.36M
-11.53M – -2.71M
+73.7% YoY
|
-28.0K
-29.1K – -26.9K
+99.5% YoY
|
-862.1K
-1.16M – -729.6K
-2,980.1% YoY
|
-5.06M
-6.79M – -4.28M
-487.1% YoY
|
| EBIT |
26.10M
est: -17.70M (+247.4%)
|
31.87M
est: -24.29M (+231.2%)
|
50.83M
est: 29.68M (+71.3%)
|
151.34M
est: 135.25M (+11.9%)
|
74.31M
est: 88.57M (-16.1%)
|
25.08M
est: 49.23M (-49.1%)
|
40.33M
est: 41.68M (-3.2%)
|
27.64M
est: 60.85M (-54.6%)
|
-367.43M
est: 11.82M (-3,207.9%)
|
29.18M
est: -414.96M (+107.0%)
|
72.95M
est: 54.00M (+35.1%)
|
111.53M
est: 90.74M (+22.9%)
|
-59.14M
est: 88.85M (-166.6%)
|
26.44M
est: -69.51M (+138.0%)
|
88.16M
est: 39.30M (+124.3%)
|
110.67M
est: 86.23M (+28.3%)
|
124.94M
est: 130.34M (-4.1%)
|
182.68M
est: 174.61M (+4.6%)
|
292.10M
est: 183.04M (+59.6%)
|
-882.20M
est: 181.47M (-586.1%)
|
-77.40M
est: 181.67M (-142.6%)
|
-1.04B
est: 186.41M (-656.4%)
|
-107.97M
-121.05M – -101.43M
-157.9% YoY
|
-28.41M
-61.06M – -14.37M
+73.7% YoY
|
-148.2K
-153.9K – -142.5K
+99.5% YoY
|
-4.57M
-6.13M – -3.86M
-2,980.0% YoY
|
-26.81M
-35.97M – -22.69M
-487.1% YoY
|
| Net Income |
17.34M
est: 117.23M (-85.2%)
|
21.45M
est: 94.10M (-77.2%)
|
34.99M
est: 20.00M (+74.9%)
|
105.35M
est: 95.44M (+10.4%)
|
51.54M
est: 64.41M (-20.0%)
|
16.12M
est: 31.85M (-49.4%)
|
28.74M
est: 20.09M (+43.1%)
|
5.53M
est: 42.60M (-87.0%)
|
-285.29M
est: 6.13M (-4,750.7%)
|
18.29M
est: -324.08M (+105.6%)
|
46.56M
est: 31.88M (+46.0%)
|
76.78M
est: 58.00M (+32.4%)
|
-58.77M
est: 63.88M (-192.0%)
|
17.01M
est: -62.49M (+127.2%)
|
52.69M
est: 30.25M (+74.2%)
|
76.09M
est: 51.76M (+47.0%)
|
155.09M
est: 87.78M (+76.7%)
|
163.84M
est: 144.80M (+13.1%)
|
330.90M
est: 151.79M (+118.0%)
|
549.10M
est: 549.10M (+0.0%)
|
2.80M
est: 2.80M (+0.0%)
|
-954.60M
est: -254.12M (-275.6%)
|
169.28M
89.26M – 316.93M
+166.6% YoY
|
703.17M
169.03M – 863.25M
+315.4% YoY
|
607.76M
217.78M – 833.13M
-13.6% YoY
|
389.57M
311.72M – 562.75M
-35.9% YoY
|
411.22M
329.04M – 594.02M
+5.6% YoY
|
| SGA |
9.70M
est: 11.19M (-13.3%)
|
14.69M
est: 15.36M (-4.4%)
|
15.09M
est: 20.00M (-24.6%)
|
17.65M
est: 62.99M (-72.0%)
|
19.46M
est: 16.27M (+19.6%)
|
18.31M
est: 17.56M (+4.2%)
|
20.05M
est: 33.07M (-39.4%)
|
28.81M
est: 40.96M (-29.7%)
|
63.68M
est: 41.38M (+53.9%)
|
71.00M
est: 85.08M (-16.6%)
|
83.38M
est: 144.59M (-42.3%)
|
86.33M
est: 118.74M (-27.3%)
|
83.94M
est: 82.06M (+2.3%)
|
77.98M
est: 99.99M (-22.0%)
|
111.85M
est: 155.76M (-28.2%)
|
74.70M
est: 118.50M (-37.0%)
|
84.62M
est: 86.24M (-1.9%)
|
72.70M
est: 79.01M (-8.0%)
|
86.80M
est: 82.82M (+4.8%)
|
136.90M
est: 82.11M (+66.7%)
|
172.60M
est: 82.20M (+110.0%)
|
126.40M
est: 84.35M (+49.9%)
|
68.25M
64.12M – 76.52M
-19.1% YoY
|
17.96M
9.08M – 38.60M
-73.7% YoY
|
93.7K
90.1K – 97.3K
-99.5% YoY
|
2.89M
2.44M – 3.87M
+2,980.0% YoY
|
16.95M
14.34M – 22.74M
+487.1% YoY
|
| EPS |
0.24
est: 0.15 (+55.0%)
|
0.22
est: 0.22 (-1.4%)
|
0.31
est: 0.29 (+6.3%)
|
0.91
est: 0.89 (+2.2%)
|
0.44
est: 0.46 (-4.3%)
|
0.14
est: 0.13 (+5.8%)
|
0.25
est: 0.25 (-1.1%)
|
0.04
est: 0.21 (-81.5%)
|
-1.29
est: -0.07 (-1,847.0%)
|
0.08
est: 0.09 (-12.3%)
|
0.21
est: 0.28 (-26.1%)
|
0.33
est: 0.34 (-1.9%)
|
-0.13
est: 0.03 (-474.7%)
|
0.03
est: 0.06 (-52.6%)
|
0.09
est: 0.09 (-1.4%)
|
0.13
est: 0.13 (-3.7%)
|
0.26
est: 0.28 (-6.3%)
|
0.24
est: 0.24 (-1.3%)
|
0.44
est: 0.54 (-18.1%)
|
0.73
est: 2.08 (-64.9%)
|
0.00
est: 0.56 (-99.3%)
|
-1.26
est: -0.35 (-262.4%)
|
0.19
0.12 – 0.42
+155.6% YoY
|
0.54
0.22 – 1.14
+181.0% YoY
|
0.52
0.29 – 1.10
-4.3% YoY
|
0.51
0.41 – 0.74
-1.1% YoY
|
0.54
0.43 – 0.78
+5.6% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-28 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-27 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-26 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-25 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-22 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-21 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-20 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-19 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-18 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-15 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-14 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-13 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-12 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-11 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-08 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-07 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-06 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-05 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-04 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-01 | C | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 2/5 |
| 2026-04-30 | C | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 2/5 |
| 2026-04-29 | C | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 2/5 |
| 2026-04-28 | C | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 2/5 |
| 2026-04-27 | C | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 2/5 |
| 2026-04-24 | C | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 2/5 |
| 2026-04-23 | C | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 2/5 |
| 2026-04-22 | C | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 2/5 |
| 2026-04-21 | C | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 2/5 |
| 2026-04-20 | C | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 2/5 |
| 2026-04-17 | C | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 2/5 |
| 2026-04-16 | C | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 2/5 |
| 2026-04-15 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
-712.09M
OE per share TTM
-0.94
Owner's Yield
-9.84%
Maintenance CapEx ratio
—
Maint CapEx / Avg PPE
126.0%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
-42.5K
Shares Outstanding
757.27M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Ivan Vella | Chief Executive Officer, MD & Executive Director | 2M | male |
| Kathleen Bozanic AGIA | Chief Financial Officer | 913.2K | female |
| Johan Van Vuuren | Chief Financial Officer | 913.2K | male |
| Marie Bourgoin | Chief Operating Officer | 902.5K | female |
| Brett John Salt | Chief Development Officer | 828.5K | male |
| Suzanne Retallack | Chief People & Sustainability Officer | 777.9K | female |
| Cameron Wilson GAICD | Acting Chief Legal Officer & Company Secretary | — | male |
| Rebecca Gordon | Company Secretary | — | female |
| Richard Glass | Head of Corporate Affairs & Investor Relations | — | male |
| Alastair McDonald | Head of Legal & Company Secretary | — | male |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for IGO.AX
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
