IONEER LIMITED (INR)
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INR

INR - IONEER LIMITED

FNArena Sector : New Battery Elements
Year End: December
GICS Industry Group : Materials
Debt/EBITDA: -0.04
Index: ALL-ORDS

Ioneer is an Australian lithium and boron miner and producer. Its major project is the Rhyolite Ridge project in Nevada, USA. It was listed in 2007 under the name Global Geoscience and changed name in 2018.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.22

14 Jan
2026

0.000

OPEN

$0.21

0.000

HIGH

$0.22

5,724,148

LOW

$0.21

TARGET
$0.405 84.1% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
INR: 1
Title FY26
Forecast		 FY27
Forecast
EPS (cps) 6.3 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 3.5 xxx
Dividend Yield 0.0% xxx
Div Pay Ratio(%) N/A xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx-0.6
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx0.0 M
Book Value Per Share xxxxxxxxxxxxxxx13.5
Net Operating Cash Flow xxxxxxxxxxxxxxx-9.5 M
Net Profit Margin xxxxxxxxxxxxxxx-

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DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx-4.35 %
Return on Invested Capital xxxxxxxxxxxxxxx-4.35 %
Return on Assets xxxxxxxxxxxxxxx-4.26 %
Return on Equity xxxxxxxxxxxxxxx-4.35 %
Return on Total Capital xxxxxxxxxxxxxxx-4.61 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-9.5 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx0 M
Total Debt xxxxxxxxxxxxxxx1 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx38 M
Price To Book Value xxxxxxxxxxxxxxx0.72

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Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx22.4 M
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx0 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx15 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

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EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

1

xxxxxxxxxxx xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Ord Minnett

04/11/2025

1

Speculative Buy

$0.35

59.09%

ioneer has released updated economics for Rhyolite Ridge with reduced leach retention times lifting ore processing rates by around 13% for only a -2% recovery loss, highlights Ord Minnett.

This outcome improves lithium yield and boosts lithium and boric acid output by 7% and 9%, respectively, lowering costs and enhancing project returns, notes the broker.

The analysts estimate costs (AISC) of around -US$5,000/t lithium carbonate equivalent, leaving Rhyolite Ridge well positioned on the global cost curve. It's believed improved economics and uncommitted 9.5ktpa production will attract new strategic partners.

Target price is lifted to 35c from 30c with no change to the Speculative Buy rating.

FORECAST
Ord Minnett forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -0.31 cents.
Ord Minnett forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -0.46 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

11/11/2025

1

Speculative Buy

$0.50

127.27%

Canaccord believes ioneer’s optimisation update on its 100%-owned Rhyolite Ridge project in Nevada points to enhanced efficiency and project value.

Reducing leach time to 1.5 days lifts life-of-mine (LOM) lithium output to 20.4ktpa, with the first 25 years averaging 27.8ktpa. This outcome is around 10ktpa above current offtake commitments, which may support upcoming partnership negotiations.

Costs have improved, with mining and processing down -3% and -8%, respectively, and all-in sustaining costs (AISC) reduced -6% to -US$6,712/t.

Canaccord raises its target to 50c from 40c and retains a Speculative Buy rating.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -1.16 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -0.82 cents.
Access Extra Coverage Research History >

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