Is Igo Limited stock a buy right now?
As of early May 2025, IGO Limited trades near AUD 3.94 per share, with recent days seeing average daily volumes around 7.5 million—reflecting healthy engagement from institutional and retail investors alike. While share price momentum has softened over the year, the past week has seen a notable uptick, buoyed by the company’s strengthened quarterly financials and a significant improvement in underlying EBITDA. IGO’s robust net cash position of AUD 284.3 million, alongside a fully franked dividend yield of 6.6%, signals strong financial stewardship amidst sector volatility. Recent rationalisation of the exploration portfolio and operational streamlining at the Nova Nickel Operation reveal management’s commitment to cost control and efficiency. Some production challenges at the Kwinana Lithium Hydroxide Refinery have tempered performance, but resilient margins from the Greenbushes Lithium Mine position IGO as a key player in Australia’s clean energy transition. Consensus from more than 31 national and international banks sets a target price of AUD 5.12, underlining confidence in the company’s ability to adapt and thrive, especially within the dynamic battery metals sector. In today’s shifting resources landscape, IGO offers exposure to critical minerals underpinning tomorrow’s technologies.
- Strong net cash position supports flexibility and future growth.
- World-class Greenbushes Lithium Mine generates high margins and resilient cash flow.
- Attractive 6.6% fully franked dividend yield offers steady income.
- Strategic focus on clean energy metals aligns with global demand trends.
- Recent operational improvements at Nova have boosted production and cost efficiency.
- Kwinana refinery has faced recent production and equipment challenges.
- Long-term moving averages indicate the share price remains under pressure.
- What is Igo Limited?
- How much is Igo Limited stock?
- Our full analysis on Igo Limited </b>stock
- How to buy Igo Limited stock in Australia?
- Our 7 tips for buying Igo Limited stock
- The latest news about Igo Limited
- FAQ
Why trust HelloSafe?
At HelloSafe, our expert has been tracking the performance of Igo Limited for over three years. Every month, hundreds of thousands of Australians rely on us to unravel market trends and pinpoint the best investment opportunities. Our analyses are prepared for informational purposes only and do not constitute investment advice. In line with our ethical charter, we have never been, and will never be, paid by Igo Limited.
What is Igo Limited?
| Indicator | Value | Analysis |
|---|---|---|
| 🏳️ Nationality | Australia | Australian-based, offering direct exposure to domestic and global critical minerals sector. |
| 💼 Market | ASX (Australian Securities Exchange) | Listed on the main Australian exchange; widely accessible to local investors. |
| 🏛️ ISIN code | AU000000IGO4 | Unique identifier for IGO Limited in international securities trading. |
| 👤 CEO | Ivan Vella | New CEO, providing leadership during a period of operational transition. |
| 🏢 Market cap | AUD 2.98 billion | Mid-cap status signals both growth potential and current market headwinds. |
| 📈 Revenue | AUD 110.7 million (Q1 2025) | Revenue declined 16% quarter-on-quarter, highlighting notable commodity price pressure. |
| 💹 EBITDA | AUD 34.0 million (Q1 2025) | Returned to positive EBITDA after a previous quarter's significant loss—a stabilizing sign. |
| 📊 P/E Ratio (Price/Earnings) | N/A or Negative (due to net loss over last year) | P/E unavailable as recent losses reflect sector challenges and company restructuring. |
How much is Igo Limited stock?
The price of Igo Limited stock is rising this week. As of today, shares are trading at AUD 3.94, reflecting a 1.81% gain over the past 24 hours and a strong 8.24% climb for the week. The company’s market capitalisation stands at AUD 2.98 billion, with an average three-month trading volume of approximately 4.7 million shares. IGO reports a P/E Ratio of 7.8 and offers a fully franked dividend yield of 6.60%. With a beta of 0.60, the stock has displayed lower volatility compared to the broader ASX. While recent gains show renewed momentum, investors should consider both its income appeal and the moderate risks associated with the mining sector.
Check out the best brokers in Australia!Compare brokersOur full analysis on Igo Limited stock
Having reviewed IGO Limited’s most recent financial results and its stock performance over the previous three years, our rigorous analysis incorporates a multi-faceted approach: blending financial indicators, technical signals, sectoral market data, and competitive dynamics through our proprietary algorithms. This synthesis enables a detailed and balanced perspective on IGO’s investment merits amid a rapidly changing landscape for battery metals and clean energy resources. So, why might IGO Limited stock once again become a strategic entry point into Australia’s dynamic critical minerals sector in 2025?
Recent Performance and Market Context
IGO Limited (ASX:IGO) has traversed a tumultuous yet potentially transformative twelve months, marked by pronounced share price volatility and significant operational milestones. As of May 2, 2025, the share price stands at AUD 3.94, reflecting a sharp correction from its 52-week high of AUD 8.18. This near-halving of value over the past year (-49.36%) has been mirrored by a broader re-rating across the lithium and battery metals complex, amidst global market dislocation and evolving supply-demand narratives.
Yet, the latest quarter heralded a perceptible shift in sentiment:
- Positive Momentum: The stock appreciated +8.24% over the last week and +1.81% on the most recent trading day, indicating renewed market receptivity following a period of sustained selling.
- Robust Dividend Profile: With a fully franked dividend yield of 6.60% (AUD 0.26/share), IGO appeals to yield-seeking investors—a rarity in the resources sector.
- Sector Tailwinds: The macroeconomic landscape remains supportive, underpinned by accelerating electrification trends, the proliferation of battery-driven technologies, and policy momentum towards energy transition metals. Australia’s position as a global minerals powerhouse only amplifies these secular opportunities for IGO.
For investors seeking strategic entry into battery metals exposure during a period of relative valuation reset, the current context appears highly favourable.
Technical Analysis
A confluence of technical signals supports the thesis that IGO Limited may be entering the early stages of a recovery:
- Momentum Oscillators:
- RSI (14): At 56.34, IGO is neither overbought nor oversold, providing room for upward movement as positive catalysts emerge.
- MACD (12,26): At -0.03, the MACD has just triggered a technical ‘buy’ signal, often regarded as an initial indicator of bullish reversal.
- Moving Averages:
- Short-Term (EMA 10, SMA 20): Both at 3.75 and 3.57 respectively, demonstrate ‘buy’ signals, confirming near-term positive momentum.
- Medium/Long-Term (EMA 50, SMA 100/200): While longer-term moving averages currently reside above the spot price (EMA 50 at 3.95; SMA 100 at 4.45; SMA 200 at 4.86), the narrowing gap between price and averages signals bottoming action and potential stabilisation.
- Support/Resistance Structure:
- Key Supports: AUD 3.68, 3.33, and 3.03 offer layered downside protection, with heavy traded volumes at these levels implying strong investor interest.
- Key Resistances: AUD 3.98, 4.27, and 4.63 may present technical hurdles, but clearing these thresholds could catalyse accelerated upside.
- Momentum Context: The short- to mid-term chart structure exhibits higher lows and strong end-of-day closes, hallmarks of accumulation phases typically preceding upward trends.
Collectively, these indicators suggest that IGO is positioning at a confluence of support zones, while momentum metrics increasingly indicate the likelihood of bullish continuation—an optimal set-up for medium-term investors.
Fundamental Analysis
The underlying fundamentals of IGO Limited reinforce the technical case and underpin the stock’s attractiveness on several core dimensions:
- Resilient Financials: Despite a 16% quarter-on-quarter revenue drop to AUD 110.7 million (March 2025), profitability and cash flow have shown marked improvement. Underlying EBITDA swung to a positive AUD 34.0 million (from a loss of AUD 79.0 million in the prior quarter), while free cash flow of AUD 48.7 million signals operational resilience.
- Robust Balance Sheet: IGO maintains a net cash position of AUD 284.3 million—enviable in a capital-intensive industry—enabling financial agility and resilience against commodity cycle swings.
- Attractive Valuation: With a price hovering near multi-year lows and a dividend yield above 6.5%, valuation multiples such as P/E and P/S have compressed significantly versus historical averages. For investors focused on yield and assets trading below replacement value, IGO stands out in the sector.
- World-Class Asset Base: IGO’s 49% stake in the Greenbushes Lithium Mine—widely recognized as the world’s finest hard-rock lithium asset—delivers sector-leading margins (68% EBITDA YTD) and robust cash flows. The Nova Nickel Operation bolsters the portfolio, with quarter-on-quarter improvements in production and cost metrics (cash costs fell to AUD 5.31/lb nickel).
- Strategic Focus & Innovation: The company’s strategic orientation towards critical minerals—spanning nickel, lithium, copper, and cobalt—is tightly aligned with mega-trends in electrification, battery storage, and decarbonisation. Ongoing investments in operational efficiency and portfolio optimization further reinforce future prospects.
These fundamentals create a strong bedrock for value recovery, particularly as operational catalysts begin to impact the P&L in subsequent quarters.
Volume and Liquidity
IGO’s trading profile remains especially constructive for investors seeking both liquidity and dynamic upside:
- Sustained Volumes: Despite shorter-term volatility, average daily traded volume has held at robust levels—reflecting deep institutional participation and retail investor confidence.
- Market Confidence: Periods of price consolidation above technical supports have coincided with healthy buy-side activity, indicating that valuation is being reset by informed market participants rather than forced liquidations.
- Float Attributes: The free float composition ensures that valuation discovery remains fluid, enabling rapid price adjustment in response to incremental news flow or changes in commodities pricing.
This persistent liquidity underscores that IGO remains in play for both active traders and long-term growth-oriented investors.
Catalysts and Positive Outlook
Several imminent and structural catalysts significantly enhance IGO’s medium-term investment case:
- Greenbushes Continuity: The Greenbushes Lithium Mine, with a maintained FY25 production guidance of 1.35–1.55 Mt and sustained cost discipline, is positioned to capitalize on any rebound in lithium pricing or demand surges spurred by the ongoing energy transition.
- Operational Efficiencies: The Nova Nickel Operation has strengthened quarterly performance metrics, and management’s cost containment strategies are visibly flowing to the bottom line. With final production expected through December 2026, incremental cash flow from Nova could surprise to the upside.
- Dividend Policy: The announcement and maintenance of a fully franked dividend reinforce IGO’s ability to return capital to shareholders, even during sector downturns—a testament to balance sheet strength.
- Refinery Rationalisation: The cessation of works on LHP2 and streamlining of the Kwinana Lithium Hydroxide Refinery signal an organisational focus on returns and risk management, potentially unlocking capital for higher-return initiatives.
- ESG Excellence: IGO’s low-emissions projects, clear governance structure (with a majority-independent board), and focus on critical minerals provide alignment with ESG mandates—an increasingly important determinant of global capital flows.
- Sector Context: Any recovery in battery metal prices, catalysed by emerging technologies, policy shifts, or commodity cycle inflections, is poised to directly benefit IGO as a leveraged play on global electrification.
These factors combine to suggest that IGO is entering a phase replete with triggers for positive re-rating.
Investment Strategies
With technical, fundamental, and sectoral factors aligning, IGO Limited presents well-founded arguments for accumulation across various investment timeframes:
- Short-Term (1–6 months):
- Recent momentum reversals and proximity to strong support levels (AUD 3.68) offer tactical entry opportunities for traders capitalising on volatility and imminent dividend capture.
- MACD and short-term moving average buy signals reinforce the likelihood of near-term upward moves, particularly if supported by constructive news flow.
- Medium-Term (6–24 months):
- Investors seeking leverage to the clean energy transition can position ahead of forecast improvements in lithium and nickel demand.
- Prospects for recovery in commodity cycles and anticipated operational efficiencies underpin the medium-term re-rating potential.
- The high, secure dividend stream enhances expected returns, providing downside buffer.
- Long-Term (2–5 years):
- Exposure to Greenbushes’ world-leading lithium economics and strategic reserves ensures foundational long-range value.
- Ongoing sector consolidation, innovation (e.g., new battery chemistries), and potential for asset expansion or partnerships enhance optionality.
- ESG-aligned mandates and Australia’s role as a critical minerals hub may drive incremental share price appreciation over a multi-year horizon.
For investors seeking to optimise timing, the current positioning around technical lows—coupled with stabilising fundamentals and visible sector tailwinds—appears especially compelling.
Is It the Right Time to Buy IGO Limited?
IGO Limited today combines a world-class asset suite, robust balance sheet, and one of the market’s most attractive fully franked dividend yields—all offered at a valuation that factors in recent operational and sector challenges. The confluence of supportive technical signals, persistent trading liquidity, and imminent operational/corporate catalysts collectively build a persuasive case for renewed investor interest.
As the clean energy revolution intensifies, IGO’s strategic pivot towards critical metals is anticipated to unlock meaningful shareholder value. The company’s structural strengths, improving operational execution, and clear focus on returning capital to shareholders present a compelling scenario for those considering sector-recovery plays.
In summation, IGO Limited appears poised on the cusp of a new bullish phase—supported by global macro tailwinds, best-in-class assets, a powerful income profile, and constructive stock technicals. For investors searching for strategic exposure to battery metals and the energy transition, IGO Limited seems to represent an excellent opportunity firmly deserving of closer attention as 2025 unfolds.
The current convergence of compelling fundamentals and improving sentiment may well set the stage for IGO Limited to emerge as a leading beneficiary of Australia’s next resource upcycle—affirming its place at the front line of clean energy transformation and as a standout portfolio candidate in the critical minerals sector.
How to buy Igo Limited stock in Australia?
Buying IGO Limited (ASX:IGO) shares online is easier and more secure than ever, thanks to regulated Australian brokers and robust investor protections. Investors typically use two main methods: direct “spot” share purchases for long-term holding, or Contracts for Difference (CFDs) for leveraged trading and short-term speculation. Each approach offers distinct benefits and risks. In the sections below, we’ll detail both methods, so you can decide which suits your style. For a helpful broker comparison tailored to Australian investors, see our recommendations further down the page.
Spot Buying
Spot (or “cash”) buying involves purchasing IGO Limited shares outright on the ASX via a regulated broker. You become a part-owner of the company, eligible for dividends and voting rights. Fees vary by broker, but online platforms typically charge a fixed commission per trade, often around AUD $5–$10.
Example
If the IGO Limited share price is $3.94 (AUD), a $1,000 investment (plus an estimated $5 brokerage fee) enables you to buy around 252 shares.
Gain scenario: If the share price rises by 10%, your shares would be worth $1,100 (i.e., $3.94 × 252 × 1.10).
Result: That’s a $100 gross gain, or +10% on your investment (excluding taxes).
Trading via CFD
CFD (Contract for Difference) trading allows you to speculate on the price movement of IGO Limited shares without owning the actual stock. CFDs are offered by many online brokers, and let you use leverage (borrowed funds) to potentially amplify gains (and losses). CFD trading costs typically include a “spread” (the difference between buy and sell prices) and possibly overnight financing fees if you hold positions after market close.
Example
With $1,000 capital and 5× leverage, you control $5,000 of IGO Limited stock exposure via a CFD.
Gain scenario: If the share price climbs by 8%, your position increases by 8% × 5 = 40%.
Result: That’s a $400 gain on your $1,000 margin (before fees and possible overnight charges).
Final Advice
Before investing, it’s essential to carefully compare brokers’ fees, trading conditions, and account features. Some platforms are better for low-cost spot trading, while others excel in CFD offerings and leverage tools. Ultimately, your choice should align with your risk appetite and investment objectives—whether aiming for long-term growth, dividend income, or short-term trading opportunities. To help you make the best choice, check out our comprehensive broker comparison further down the page.
Is AvaTrade reliable?
AvaTrade is a trusted broker, regulated by major institutions, including ASIC (Australia). They are also regulated by the Central Bank of Ireland, the AMF in France, and the FSA (Japan). Active since 2006, it offers solid guarantees, including the separation of client funds and strict compliance with international standards. With over 300,000 active users, it inspires confidence in both novice and experienced traders.
Why choose AvaTrade?
AvaTrade combines simplicity and expertise. Tutorials, demo accounts and free training help you learn at your own pace. Advanced tools like MT4/MT5 offer endless possibilities once you progress. You don't need to be an expert: AvaTrade adapts to you.
What are the fees at AvaTrade?
AvaTrade offers simple and affordable fees: competitive fixed spreads, no deposit or withdrawal fees, and avoidable inactivity costs with regular use. You can focus on learning and your investments, without any surprises when you pay.
Who is AvaTrade for?
AvaTrade is for everyone: beginners can benefit from detailed educational content and demo accounts, while advanced traders will find tools like automated trading or Vanilla options. If you're looking for a reliable platform to develop your skills or diversify your assets, AvaTrade is a great choice.
Is AvaTrade reliable?
AvaTrade is a trusted broker, regulated by major institutions, including ASIC (Australia). They are also regulated by the Central Bank of Ireland, the AMF in France, and the FSA (Japan). Active since 2006, it offers solid guarantees, including the separation of client funds and strict compliance with international standards. With over 300,000 active users, it inspires confidence in both novice and experienced traders.
Why choose AvaTrade?
AvaTrade combines simplicity and expertise. Tutorials, demo accounts and free training help you learn at your own pace. Advanced tools like MT4/MT5 offer endless possibilities once you progress. You don't need to be an expert: AvaTrade adapts to you.
What are the fees at AvaTrade?
AvaTrade offers simple and affordable fees: competitive fixed spreads, no deposit or withdrawal fees, and avoidable inactivity costs with regular use. You can focus on learning and your investments, without any surprises when you pay.
Who is AvaTrade for?
AvaTrade is for everyone: beginners can benefit from detailed educational content and demo accounts, while advanced traders will find tools like automated trading or Vanilla options. If you're looking for a reliable platform to develop your skills or diversify your assets, AvaTrade is a great choice.
Is IG reliable?
IG is a trustworthy trading platform, regulated by top authorities such as the CFTC and NFA in the United States, ensuring your funds are secure. It has strong measures in place to protect users and guarantees complete transparency. Thousands of clients worldwide vouch for its reliability and security.
Why choose IG?
IG stands out with its user-friendly interface, making it perfect for beginners. It offers unique tools like IG Academy and ProRealTime for learning and market analysis. The platform provides access to a wide range of assets, including stocks, ETFs, and cryptocurrencies, along with a strong community for trading discussions.
What are the fees at IG?
IG offers competitive spreads with no commissions on buying stocks or ETFs. Withdrawal fees are transparent, and inactivity fees apply after one year without activity. The platform maintains a clear pricing structure, allowing users to easily understand all costs related to their transactions.
Who is IG for?
IG is perfect for beginner and intermediate traders due to its simple interface and educational resources. It also caters to experienced investors with advanced trading tools. Users have access to a wide variety of assets like stocks, cryptocurrencies, and ETFs, making it suitable for diversifying portfolios.
Is IG reliable?
IG is a trustworthy trading platform, regulated by top authorities such as the CFTC and NFA in the United States, ensuring your funds are secure. It has strong measures in place to protect users and guarantees complete transparency. Thousands of clients worldwide vouch for its reliability and security.
Why choose IG?
IG stands out with its user-friendly interface, making it perfect for beginners. It offers unique tools like IG Academy and ProRealTime for learning and market analysis. The platform provides access to a wide range of assets, including stocks, ETFs, and cryptocurrencies, along with a strong community for trading discussions.
What are the fees at IG?
IG offers competitive spreads with no commissions on buying stocks or ETFs. Withdrawal fees are transparent, and inactivity fees apply after one year without activity. The platform maintains a clear pricing structure, allowing users to easily understand all costs related to their transactions.
Who is IG for?
IG is perfect for beginner and intermediate traders due to its simple interface and educational resources. It also caters to experienced investors with advanced trading tools. Users have access to a wide variety of assets like stocks, cryptocurrencies, and ETFs, making it suitable for diversifying portfolios.
Is eToro reliable?
Yes, eToro is a reliable platform, regulated by leading authorities, including ASIC (Australia). It is also regulated by the FCA (UK) and CySEC (Europe). With over 30 million users worldwide, eToro is widely recognised for its security and transparency. Based on our analysis, this broker is among the most reliable in the market, and we have not found any complaints regarding the security of funds.
Why choose eToro?
With eToro, you don’t need to be an expert to get started. Its intuitive interface and unique tool, the CopyTrader, allow you to copy the best traders to learn while investing.
You have access to thousands of assets, such as stocks, cryptos, Forex and commodities, all with an active community for exchanging ideas: eToro makes investing simple, interactive and educational. It's a bit like the Spotify of investing.
What are the fees at eToro?
eToro is transparent about its fees: no commission on the purchase of stocks or ETFs. Spreads vary depending on the asset, but remain very affordable.
Deposits are free, and withdrawals are set at $5 USD. In the event that you remain inactive for 12 months or more, a $10 USD monthly fee applies.
Finally, the fees charged are also clearly stated on its website (we can't say the same about all competitors).
Who is eToro for?
eToro is mainly for beginners and intermediates, thanks to its simplicity and educational approach. If you want to diversify your portfolio or learn by observing the best traders, this platform is ideal.
Investors looking for a modern and intuitive experience will also find their account here with a key argument: a real variety of assets (stocks, cryptocurrencies, ETFs).
Is eToro reliable?
Yes, eToro is a reliable platform, regulated by leading authorities, including ASIC (Australia). It is also regulated by the FCA (UK) and CySEC (Europe). With over 30 million users worldwide, eToro is widely recognised for its security and transparency. Based on our analysis, this broker is among the most reliable in the market, and we have not found any complaints regarding the security of funds.
Why choose eToro?
With eToro, you don’t need to be an expert to get started. Its intuitive interface and unique tool, the CopyTrader, allow you to copy the best traders to learn while investing.
You have access to thousands of assets, such as stocks, cryptos, Forex and commodities, all with an active community for exchanging ideas: eToro makes investing simple, interactive and educational. It's a bit like the Spotify of investing.
What are the fees at eToro?
eToro is transparent about its fees: no commission on the purchase of stocks or ETFs. Spreads vary depending on the asset, but remain very affordable.
Deposits are free, and withdrawals are set at $5 USD. In the event that you remain inactive for 12 months or more, a $10 USD monthly fee applies.
Finally, the fees charged are also clearly stated on its website (we can't say the same about all competitors).
Who is eToro for?
eToro is mainly for beginners and intermediates, thanks to its simplicity and educational approach. If you want to diversify your portfolio or learn by observing the best traders, this platform is ideal.
Investors looking for a modern and intuitive experience will also find their account here with a key argument: a real variety of assets (stocks, cryptocurrencies, ETFs).
Our 7 tips for buying Igo Limited stock
| 📊 Step | 📝 Specific tip for Igo Limited |
|---|---|
| Analyse the market | Examine trends in critical minerals like lithium and nickel, tracking global EV demand and fluctuations in commodity prices that directly influence IGO’s revenue streams. |
| Choose the right platform | Use an established Australian broker with competitive ASX trading fees, up-to-date research on the resources sector, and reliable access to IGO Limited shares. |
| Define your investment budget | Assess how much you can allocate to ASX:IGO, taking into account the stock’s 1-year volatility, your broader portfolio diversification, and its attractive fully franked dividend. |
| Choose your strategy | Consider a long-term approach given IGO’s strong balance sheet, high dividend yield, and pivotal role in energy transition metals, but stay agile in response to market changes. |
| Monitor news & results | Stay up to date on IGO’s quarterly reports, developments at Greenbushes and Nova, leadership updates, and announcements affecting mine life and lithium processing operations. |
| Use risk management tools | Set stop-loss and take-profit orders near technical support/resistance levels (e.g., AUD 3.68 and AUD 4.27) to help manage price swings common in mining stocks. |
| Sell at the right time | Review your position before major company announcements or if technical indicators turn bearish; consider trimming when the share price nears key resistance or after dividend dates. |
The latest news about Igo Limited
IGO Limited’s share price surged 8.24% in the past week, signaling renewed investor confidence.
Following a lengthy period of downward pressure, IGO’s stock outperformed the broader market, rebounding strongly to end the week at AUD 3.94. This positive momentum is underpinned by improved operating cash flow and a return to profitability at the underlying EBITDA level, which reversed a substantial loss in the previous quarter. Australian investors have responded favorably to this turnaround, indicating optimism about the company’s near-term outlook in the domestic market.
Nova Operation delivered higher nickel production and lower costs, boosting profitability for the quarter.
The Nova nickel-copper-cobalt mine posted increased production volume and reduced cash costs, achieving an 8% rise in revenue and a sharp jump in EBITDA contribution—from AUD 22.5 million to AUD 47.9 million quarter-on-quarter. These operational gains have solidified Nova’s role in IGO’s portfolio as a significant cash and earnings generator, helping to anchor the company’s financial strength as it navigates market fluctuations. With the Nova operation based in Western Australia, these results reinforce IGO’s local competitive standing and offer positive signals to Australian stakeholders.
Strong balance sheet and attractive, fully franked dividend enhance IGO’s appeal to Australian income investors.
As of May 2025, IGO maintains a robust net cash position of AUD 284.3 million and offers a 6.60% fully franked dividend yield, among the highest in the sector. The dividend remains fully franked for Australian tax residents, providing a tangible income advantage and reflecting management’s confidence in ongoing cash flows. The company’s ongoing focus on financial discipline aligns with conservative investment strategies favored within the domestic market, further strengthening its reputation among local institutional and retail investors.
Operational resilience at Greenbushes Lithium Mine preserves strong margins and earnings despite softer commodity prices.
The Greenbushes Lithium Mine, operated via the Tianqi Lithium Energy Australia joint venture, continues to deliver robust EBITDA margins of 68%, with mill recoveries above 80% and maintained production guidance for FY25. This world-class Western Australian asset remains a cornerstone of IGO’s strategic focus on clean energy transition metals, with dividend flows from the operation supporting overall cash generation. The resilience of Greenbushes offers a stabilizing influence amid sector volatility and underlines IGO’s leadership in Australia’s battery materials supply chain.
Key technical indicators point to potential near-term upside, with short-term moving averages turning bullish.
Recent technical analysis reveals a neutral RSI (56.34) and a buy signal on the MACD, while 10-day EMA and 20-day SMA have both crossed above the current share price. This suggests positive short-term momentum, even as longer-term moving averages indicate residual bearish sentiment. The stock is currently testing psychological resistance near AUD 3.98, with established support at AUD 3.68. These signals, combined with recent operational and financial improvements, provide a constructive backdrop for Australian investors tracking entry points or managing existing positions.
FAQ
What is the latest dividend for Igo Limited stock?
Igo Limited currently pays a dividend. The most recent dividend was AUD 0.26 per share, paid on September 26, 2024, with full franking for Australian investors. This dividend offers a yield of approximately 6.60%, highlighting Igo's commitment to shareholder returns even during volatile markets. Historically, the company has maintained a stable distribution policy, offering consistent income for those seeking dividend exposure in the resource sector.
What is the forecast for Igo Limited stock in 2025, 2026, and 2027?
Based on the current share price of AUD 3.94, the projected price for Igo Limited is AUD 5.12 by the end of 2025, AUD 5.91 by the end of 2026, and AUD 7.88 by the end of 2027. These forecasts reflect the company's robust cash position, operational improvements at Nova, and strong contributions from the Greenbushes Lithium Mine. The clean energy sector’s growth and Igo’s strategic asset base may continue to attract investor interest.
Should I sell my Igo Limited shares?
Given Igo Limited’s solid financial foundation, resilient business model, and attractive dividend yield, holding onto your shares could be beneficial for long-term investors. The company benefits from world-class assets and prudent management, positioning it well to navigate short-term challenges in commodity prices and operations. With its critical metals exposure and focus on the energy transition, Igo Limited may deliver value as sector demand recovers.
How are dividends from Igo Limited taxed for Australian investors?
Dividends from Igo Limited are subject to Australian income tax, but the company’s payments are fully franked—meaning Australian residents may receive a franking credit offset for corporate tax already paid. This can reduce or eliminate additional tax owing on the dividend income, enhancing after-tax returns. Non-residents may face withholding tax, while Australian investors should report dividends and franking credits in their annual tax returns.
What is the latest dividend for Igo Limited stock?
Igo Limited currently pays a dividend. The most recent dividend was AUD 0.26 per share, paid on September 26, 2024, with full franking for Australian investors. This dividend offers a yield of approximately 6.60%, highlighting Igo's commitment to shareholder returns even during volatile markets. Historically, the company has maintained a stable distribution policy, offering consistent income for those seeking dividend exposure in the resource sector.
What is the forecast for Igo Limited stock in 2025, 2026, and 2027?
Based on the current share price of AUD 3.94, the projected price for Igo Limited is AUD 5.12 by the end of 2025, AUD 5.91 by the end of 2026, and AUD 7.88 by the end of 2027. These forecasts reflect the company's robust cash position, operational improvements at Nova, and strong contributions from the Greenbushes Lithium Mine. The clean energy sector’s growth and Igo’s strategic asset base may continue to attract investor interest.
Should I sell my Igo Limited shares?
Given Igo Limited’s solid financial foundation, resilient business model, and attractive dividend yield, holding onto your shares could be beneficial for long-term investors. The company benefits from world-class assets and prudent management, positioning it well to navigate short-term challenges in commodity prices and operations. With its critical metals exposure and focus on the energy transition, Igo Limited may deliver value as sector demand recovers.
How are dividends from Igo Limited taxed for Australian investors?
Dividends from Igo Limited are subject to Australian income tax, but the company’s payments are fully franked—meaning Australian residents may receive a franking credit offset for corporate tax already paid. This can reduce or eliminate additional tax owing on the dividend income, enhancing after-tax returns. Non-residents may face withholding tax, while Australian investors should report dividends and franking credits in their annual tax returns.
