Should I buy Igo Limited stock in 2025?

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At HelloSafe, our expert has been tracking the performance of Igo Limited for over three years. Every month, hundreds of thousands of users in Australia trust us to analyse market trends and identify the best investment opportunities. Our analyses are provided for informational purposes and do not constitute investment advice. In accordance with our ethical charter, we have never been, and will never be, compensated by Igo Limited.

What is Igo Limited?

How much is Igo Limited stock?

The price of Igo Limited stock is rising this week. The current share price stands at AUD 4.32 with a notable 24-hour gain of +4.35% and a robust weekly increase of +7.73%. Market capitalisation is AUD 3.27 billion, and the average trading volume over the last three months is about 4.41 million shares. Igo Limited currently has no applicable P/E ratio due to a negative result, but it offers an attractive dividend yield of 12.56% and features a stock beta of 0.55, indicating lower volatility than the broader market. This combination of strong dividend income and comparatively stable price action may interest investors seeking exposure to Australia’s critical minerals sector.

Our full analysis of the Igo Limited stock

We have closely reviewed Igo Limited’s most recent financial results and stock performance trends spanning the last three years. Our analysis combines multiple sources—including financial metrics, technical signals, market positioning, and competitive data—harnessed through proprietary algorithms to provide a rigorous and rounded perspective. So, why might Igo Limited stock once again become a strategic entry point into the clean energy materials sector in 2025?

Recent performance and market context

Igo Limited shares have demonstrated positive momentum in recent sessions, with the price currently at AUD 4.32—up +4.35% over the last 24 hours and +7.73% over the week. Market capitalisation has stabilised at AUD 3.27 billion, with a healthy three-month average volume of 4.41 million shares—evidence of consistent investor engagement. Although the stock has declined by 24% over the past year due to commodity price pressures and some operational challenges, the recent uptick signals improving sentiment bolstered by a robust dividend yield of 12.56% and the company’s solid asset base in Western Australia.

At a macroeconomic level, the outlook for critical minerals such as lithium and nickel remains bright, driven by Australia’s ambitious energy transition, global EV market expansion, and growing demand for sustainable raw materials. Igo Limited’s position at the intersection of these mega-trends highlights its ongoing relevance and suggests current market conditions may be setting the stage for a renewed phase of outperformance.

Technical analysis

From a technical perspective, Igo Limited shows compelling signs that it may be entering a new bullish phase. The Relative Strength Index (RSI) stands at 59.20, indicating neutral sentiment with upside flexibility. The MACD (0.051) has recently turned positive, confirming a buy signal. Notably, the share price is now above all key short- and medium-term moving averages (20-, 50-, and 100-day averages are clustered between AUD 4.06 and 4.14), which reflects an improving technical base. Only the 200-day average remains slightly above the current price (AUD 4.61), suggesting scope for continued momentum as the market digests recent gains.

Critical support stands at AUD 3.09—well above the 52-week low—while immediate resistance levels are identified at AUD 6.14. The consensus among technical analysts is “Strong Buy,” driven by moving average crossovers and an increasing bullish configuration. These technical developments, coupled with robust trading volumes and a relatively low beta (0.55), create a favourable risk/reward set-up for investors seeking exposure at potentially advantageous levels.

Fundamental analysis

On the fundamentals, Igo Limited displays a blend of solid core strengths with cycles of short-term challenge—an alignment that often precedes strong, value-driven recoveries. While annual revenue in FY24 contracted by 17.8% to AUD 841.3 million, the company still generated annual EBITDA of AUD 581 million and impressive free cash flow of AUD 713 million. Current profitability was dampened by lower realised commodity prices and operational disruptions, reflected in negative PE ratio territory. However, the company’s core assets—including a 49% stake in the globally significant Tianqi lithium joint venture—deliver sector-leading leverage to any upswing in battery minerals pricing.

• Sector leadership: One of the top explorers and producers of clean energy metals in Australia
• Asset quality: Premier resource portfolio centred around lithium and nickel, both vital for energy storage
• Innovation focus: Early-mover advantage in developing low-carbon mining operations
• Expansion capabilities: Actively scaling up capacity through the Cosmos Nickel project and ongoing operational optimisation

The dividend yield of 12.56%, coupled with fully franked distributions, adds further appeal, particularly for income-oriented investors and SMSFs.

Volume and liquidity

Igo Limited continues to attract strong market participation, evident from the average daily trading volume of over 4.4 million shares. This liquidity ensures tight spreads and reliable entry/exit opportunities for investors of all scales. The company boasts a dynamic float, supported by leading institutional holders such as Mark Gareth Creasy, FIL Limited, and Vanguard Group, whose presence underpins long-term stability and potential for swift valuation realignment on positive catalysts.

Consistent high volumes through recent volatility indicate confidence in the underlying value proposition, with market participants prepared to accumulate on dips and re-engage quickly on technical or sector-wide uplifts.

Catalysts and positive outlook

• Global EV growth: Surging demand for battery-grade lithium underpins long-term offtake and margin opportunities
• Expansion projects: The Cosmos Nickel project and Greenbushes lithium JV position Igo Limited for revenue acceleration as production comes online
• Strategic partnerships: Advanced alliances, such as the Tianqi joint venture, secure supply and enhance competitiveness
• ESG leadership: Ongoing investments in responsible mining and carbon reduction drive institutional confidence and premium market multiple
• Operational improvement: Production optimisation at Kwinana and other key assets should boost margins as conditions normalise

Beyond company-specific triggers, sector-wide shifts—like policy support for domestic battery supply chains and rising critical minerals prices—could further lift sentiment and valuation multiples. Analyst consensus now signals the potential for a +30% share price uplift from current levels, highlighting the magnitude of this opportunity.

Investment strategies

Short-term traders are likely to find current momentum and technical breakouts compelling, particularly as Igo Limited pushes above moving averages and posts strong weekly performance. The AUD 4.06–4.14 zone represents a solid technical base; momentum players may target AUD 4.49 and beyond in the next reaction rally.

For medium-term investors, accumulation in the present range is supported by robust dividend income, relative undervaluation, and positive leverage to any rebound in nickel or lithium prices. Monitoring production updates from the Cosmos Nickel project and Greenbushes lithium operations will be critical for timing entry points and optimising returns.

Long-term investors stand to benefit from Igo Limited’s embedded exposure to global energy transformation, leadership in clean metals, and proven ability to generate cash through commodity and economic cycles. The stock’s relatively low beta and strong income stream make it an effective portfolio anchor for those committed to Australia’s future in the global battery supply chain.

Is it the right time to buy Igo Limited?

• Recent technical momentum aligns with improved market sentiment
• Income fundamentals are supported by a sector-leading dividend yield and strong cash flow
• Growth leverage from battery metals expansion and progressive ESG credentials
• Liquidity and institutional sponsorship minimise trading risk and support valuation re-rating potential

In summary, Igo Limited’s outlook appears unusually attractive at current levels: Given the technical rebound, positive sector backdrop, and strategic positioning in Australia’s energy transition, the stock seems to represent an excellent opportunity for investors seeking both growth and income. Igo Limited appears poised to deliver a compelling combination of capital appreciation and dividend stability—making it a name to watch closely as new catalysts emerge in the coming quarters.

How to buy Igo Limited stock in Australia?

Buying Igo Limited stock online is straightforward and secure when you use a regulated Australian broker. You can either purchase shares directly (“spot buying”) and own them as an asset, or trade price movements through Contracts for Difference (CFDs), which allow for leveraged strategies. Both methods can be accessed from a computer or smartphone, and you benefit from local investor protection. For a detailed broker comparison and help finding the best platform suited to your needs, see further down the page.

Spot buying

When you buy Igo Limited stock for cash, you become a shareholder with voting and dividend rights. Typical local broker fees range from $5–$15 per order, charged in AUD.

Gain Scenario: Igo Limited Shares

If the Igo Limited share price is $4.32 AUD, you can buy around 230 shares with a $1,000 stake, including a brokerage fee of around $5.

Gain scenario:
If the share price rises by 10%, your shares are now worth $1,100.
Result: +$100 gross gain, i.e. +10% on your investment.

Trading via CFD

CFD trading lets you speculate on Igo Limited share price movements without owning the actual stock. You pay a spread (small cost per trade) and, for positions held overnight, a daily financing fee. CFDs allow for leverage, meaning you can control a larger position with a smaller upfront investment.

Gain scenario

You open a CFD position on Igo Limited shares with a $1,000 stake and 5x leverage.

This gives you $5,000 in market exposure.

If the stock rises by 8%, your position gains 8% × 5 = 40%.

Result: +$400 gain, on a bet of $1,000 (excluding fees).

Final advice

Before investing, always compare brokers’ fees, features, and support, as these can impact your net results. Whether you opt for direct share ownership or CFD trading depends on your objectives: long-term investors may prefer spot buying, while active traders can consider CFDs for flexibility and leverage. You’ll find a comprehensive comparison of providers further down the page to help you make the best choice.

Our 7 tips for buying Igo Limited stock

The latest news about Igo Limited

Igo Limited stock rose 7.73% over the past week, supported by strong technical buy signals. Recent price action aligns with a pronounced rebound in the Australian mining sector, indicating renewed investor interest in companies exposed to battery metals, where Igo Limited maintains a leading market position.

Technical analysis upgrades Igo Limited to a strong buy, with most moving averages signalling bullish momentum. All short and intermediate moving averages (20, 50, 100 days) reflect upward trends, and the MACD is positive; this convergence of technical factors positions the stock favourably for further gains as local confidence builds.

Igo Limited declared a robust dividend yield of 12.56%, fully franked for Australian investors. The recently announced dividend of $0.52 per share continues to offer significant value, with full imputation credits increasing its attractiveness for income-focused portfolios in Australia’s tax regime.

Igo Limited’s strategic partnership in lithium with Tianqi is driving growth opportunities amid rising demand for EV batteries. Its 49% joint venture stake has established Igo Limited as a critical player in the lithium supply chain, leveraging Western Australia’s world-class resources for expansion in global clean energy markets.

The current CEO, Ivan Vella, appointed in December 2023, is pursuing ongoing operational optimisation. Recent improvements in production efficiency and a commitment to innovation position Igo Limited well for medium-term growth as the group continues to address challenges in its core assets and unlock new value.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.