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1 Comment
IGO Limited is currently in a long term uptrend where the price is trading 30.9% above its 200 day moving average.
From a valuation standpoint, the stock is 98.3% cheaper than other stocks from the Basic Materials sector with a price to sales ratio of 4.3.
IGO Limited's total revenue sank by 0.0% to $237M since the same quarter in the previous year.
Its net income has dropped by 0.0% to $50M since the same quarter in the previous year.
Finally, its free cash flow grew by 17.8% to $121M since the same quarter in the previous year.
Based on the above factors, IGO Limited gets an overall score of 3/5.
Industry | Other Industrial Metals & Mining |
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Sector | Basic Materials |
ISIN | AU000000IGO4 |
CurrencyCode | EUR |
Exchange | F |
Beta | 0.94 |
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Market Cap | 6B |
Dividend Yield | 1.6% |
Target Price | None |
PE Ratio | 12.21 |
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. IGO Limited was incorporated in 2000 and is headquartered in Perth, Australia.
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