IGO Shares IGO Limited

BUY ASX · ASX

$5.12 +3.43% Prices as of close 2026-10-26

Nickel and lithium exposure offers recovery leverage as battery-material prices and production expectations improve.

Future value: $7.50 (+46.43%) · 6-12 months · analyst consensus

Signal breakdown

▸Battery-material recovery optionality and cost-reduction initiatives.
▾Below 50-day MA (-26.56%)
▸Volume 1.97× average — accumulation
▾Near 52-week low (6.6% of range)
▸~46% upside to price target

Is IGO a buy right now?

Trend: IGO is trading below the 50-day average (-28.98%), RSI 49 — neutral momentum, with a 3-month return of -28.47%.

Valuation & quality: IGO Limited trades on a trailing P/E of 24.7, forward P/E 8.4, PEG 0.51, price-to-book 1.67; fundamentals show net margin 31.4%, return on equity 6.7%, revenue growth 10.3% year on year.

Analyst consensus: 15 analysts have a mean 12-month price target of A$7.50 (+46.4% vs the last close; range A$5.95 – A$9.00), consensus rating “buy”.

Income: trailing dividend yield 1.05%.

Our screen: BUY (score 3) — Nickel and lithium exposure offers recovery leverage as battery-material prices and production expectations improve.

Computed from end-of-day data; not personal advice.

12-month price chart

Daily close, 2026-02-08 → 2026-10-25 (AUD). Range 4.77 – 10.0.

Monthly returns

Mar 26	Apr 26	May 26	Jun 26	Jul 26	Aug 26	Sep 26	Oct 26
-5.30%	-8.90%	+28.90%	-23.10%	-6.80%	+26.50%	-25.20%	-23.80%

Fundamentals

Market cap

$3.75B

P/E (ttm)

24.7

Forward P/E

8.4

EPS (ttm)

$0.20

Price / book

1.67

PEG

0.51

Beta

0.68

Net margin

31.4%

ROE

6.7%

Revenue growth

10.3%

Revenue (ttm)

$462.9M

Free cash flow

$187.5M

Debt / equity

Dividend yield

1.05%

52-wk range

$4.77 – $10.05

Volume

11,494,116

Avg volume (3m)

3,420,322

Analyst price target

Mean target

$7.50

Low

$5.95

High

$9.00

Analysts

Consensus

BUY

Technical signals

RSI (14)

49.0

vs 50-day MA

-28.98%

1-mo return

-24.77%

3-mo return

-28.47%

Volume z-score

1.41

About IGO Limited

IGO Limited, together with its subsidiaries, discovers, develops, and delivers battery minerals in Australia. It operates through Nova Operation, Forrestania Operation, Cosmos Project, Lithium Business, and Growth segments. The company explores for nickel, lithium, copper, cobalt, and silver deposits.

Sector: Basic Materials · Industry: Other Industrial Metals & Mining · Australia · 358 employees · Website

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General information only (Australia). This is general information, not financial product advice. It doesn't consider your objectives, financial situation or needs — consider its appropriateness and seek licensed advice before acting. Not a recommendation to buy or sell any financial product.

Market data from end-of-day feeds; AI-generated research for educational purposes only — not investment advice.