IGO Ltd - Stock Quote IPGDF
Morningstar's IGO Ltd Stock Analysis
1-Star Price
INVESTOR
5-Star Price
INVESTOR
Economic Moat
INVESTOR
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IGO Ltd's Company Profile
IGO Ltd is a diversified metals miner based in Western Australia. Key exposures are to nickel and gold, with minor copper and cobalt revenue from Nova. Nova-Bollinger is the key asset and nickel is the major source of earnings from 2018, taking over from gold from the firms 30% share of the Tropicana mine. Both mines have relatively low operating costs but reserve life is less than 10 years. IGO has a bias towards growth through exploration. With the balance sheet in good shape and cash flow expected to be strong in the medium-term, we expect exploration expenditure and activity to be elevated. IGO is well placed to fund the development of any discoveries.
Perth, WA, 6151, Australia