IGO LIMITED (IGO)
Share Price Analysis and Chart

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IGO - IGO LIMITED

FNArena Sector : Nickel
Year End: June
GICS Industry Group : Materials
Index: ASX200 | ASX300 | ALL-ORDS

IGO Ltd, formerly known as Independence Group, is an Australian exploration and mining company operating in Western Australia and the Northern Territory. It has been a listed company since 2002.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$8.98

29 Jul
2021

0.060

OPEN

$8.91

0.67%

HIGH

$9.08

0

LOW

$8.88

TARGET
$7.725 -14.0% downside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
MCR . PAN . WSA . HIG . POS . SRL . CLQ . NIC . CTM . LEG .
FNARENA'S MARKET CONSENSUS FORECASTS
IGO: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx 26.0 25.1 xxx
DPS (cps) xxx 10.9 6.6 xxx
EPS Growth xxx 100.0% - 3.4% xxx
DPS Growth xxx 10.0% - 39.4% xxx
PE Ratio xxx N/A 37.1 xxx
Dividend Yield xxx N/A 0.7% xxx
Div Pay Ratio(%) xxx 41.9% 26.3% xxx

Dividend yield today if purchased 3 years ago: 2.42%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

1.17

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

Last ex-div: 10/09 - 5c (0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 201520162017201820192020
EPS Basic xxxxxxxxxxxxxxx26.0
DPS All xxxxxxxxxxxxxxx10.9
Sales/Revenue xxxxxxxxxxxxxxx870.2 M
Book Value Per Share xxxxxxxxxxxxxxx322.6
Net Operating Cash Flow xxxxxxxxxxxxxxx397.5 M
Net Profit Margin xxxxxxxxxxxxxxx17.82 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

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EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.1

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Credit Suisse

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

29/07/2021

5

Underweight

$6.40

-28.73%

IGO's FY22 guidance is -9% weaker on nickel and 4% higher on costs.

Nova had a strong finish to the year with fourth-quarter production 6% and 14% higher for nickel and copper versus Morgan Stanley, driven by higher grades being mined.

The broker notes costs for FY22 are around 36% higher than consensus forecasts. Underweight rating retained. The target price remains at $6.40. Industry view: Attractive.

FORECAST
Morgan Stanley forecasts a full year FY21 dividend of 9.00 cents and EPS of 19.00 cents.
Morgan Stanley forecasts a full year FY22 dividend of 7.00 cents and EPS of 16.00 cents.

Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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IGO STOCK CHART