Skip to Content
Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

About Quantitative Ratings

Morningstar Quantitative ratings for equities (denoted on this page by) are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies withratings 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. Click here for more on how to use these ratings.

Company Profile

Business Description

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.

Contact
Level 5, South Shore Centre, Suite 4
Perth, WA, 6151, Australia
T +61 892388300
Sector Basic Materials
Industry Other Industrial Metals & Mining
Most Recent Earnings
Fiscal Year End Jun 30, 2020
Stock Type
Employees 155