IGO Ltd IGO
About Quantitative Ratings
Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if IGO is a good fit for your portfolio.
News
Trading Information
- Previous Close Price
- A$5.93
- Day Range
- A$5.67–5.97
- 52-Week Range
- A$5.43–16.12
- Bid/Ask
- A$5.87 / A$5.38
- Market Cap
- A$4.32 Bil
- Volume/Avg
- 2.8 Mil / 3.7 Mil
Key Statistics
- Price/Earnings (Normalized)
- 7.71
- Price/Sales
- 4.73
- Dividend Yield (Trailing)
- 9.65%
- Dividend Yield (Forward)
- 9.65%
- Total Yield
- 9.65%
Company Profile
IGO is a mining and exploration company based in Western Australia. Its primary asset is a minority stake in the Greenbushes lithium mine through a joint venture with Tianqi Lithium Corporation and Albemarle. Greenbushes is the world’s highest-quality hard rock lithium resource. IGO also has interest in downstream processing through a 49% stake in the Kwinana lithium hydroxide refinery. Outside of lithium, IGO owns and operates the Nova nickel-copper-cobalt and the Forrestania nickel mines. Both have short remaining lives.
- Sector
- Basic Materials
- Industry
- Other Industrial Metals & Mining
- Stock Style Box
- Mid Value
- Total Number of Employees
- 155
- Website
- https://www.igo.com.au
Competitors
Valuation
|
Metric
|
IGO
|
MIN
|
ALTM
|
|---|---|---|---|
Price/Earnings (Normalized) | 7.71 | 15.28 | 4.16 |
Price/Book Value | 1.20 | 2.77 | 0.59 |
Price/Sales | 4.73 | 2.23 | 1.91 |
Price/Cash Flow | 3.03 | 6.50 | 10.56 |
Price/Earnings
IGO
MIN
ALTM
Financial Strength
|
Metric
|
IGO
|
MIN
|
ALTM
|
|---|---|---|---|
Quick Ratio | 2.53 | 1.15 | 1.30 |
Current Ratio | 4.20 | 1.55 | 1.98 |
Interest Coverage | 8.13 | 0.88 | — |
Quick Ratio
IGO
MIN
ALTM
Profitability
|
Metric
|
IGO
|
MIN
|
ALTM
|
|---|---|---|---|
Return on Assets (Normalized) | 29.40% | 6.36% | 6.80% |
Return on Equity (Normalized) | 36.33% | 16.08% | 10.45% |
Return on Invested Capital (Normalized) | 32.75% | 7.52% | 8.49% |
Return on Assets
IGO
MIN
ALTM
Other Industrial Metals & Mining Industry Comparables
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| BHP Group Ltd
BHPLF
| BW | Mcgxv | $151.4 Bil | |||
| BHP Group Ltd ADR
BHP
| Ybjzdgkh | Jmfp | $151.4 Bil | |||
| Rio Tinto Ltd
RTNTF
| — | Jmk | $134.2 Bil | |||
| Rio Tinto PLC ADR
RIO
| Wgxgrwyy | Rjts | $108.9 Bil | |||
| Vale SA ADR
VALE
| Dklp | Kdhw | $49.5 Bil | |||
| Anglo American PLC ADR
NGLOY
| Zxjzptmh | Ytpl | $37.8 Bil | |||
| Teck Resources Ltd Class B (Sub Voting)
TECK
| Nbxsnglc | Ksnm | $26.2 Bil | |||
| Lithium Americas Corp
LAC
| Qggvvthz | Ytdq | $577.4 Mil | |||
| Lithium Americas (Argentina) Corp
LAAC
| Cydyvdf | Qkxcvy | $503.2 Mil | |||
| Compass Minerals International Inc
CMP
| Wjflyqh | Gmjwvd | $415.4 Mil |