IGO Share Price and Company Fundamentals
Last traded: Last Friday at 6:10 AM
IGO Limited operates as a mining and exploration company in Australia. The company owns a 100% interest in the Nova project, which produces nickel, copper, and cobalt concentrates located to the east-northeast of Norseman; and 30% interest in the Tropicana gold mine covering 3,600 square kilometers of tenements located to the east northeast of Kalgoorlie. It also engages in the exploration of nickel and copper projects located in Western Australia, Northern Territory, and South Australia, as well as Greenland. The company was formerly known as Independence Group NL and changed its name to IGO Limited in January 2020. IGO Limited was founded in 2000 and is headquartered in Perth, Australia.
|Primary activities||Nickel, Gold and Copper-Zinc-Silver mining, development and exploration company|
|Industry / Sector||Other Industrial Metals & Mining / Basic Materials|
|Mailing address||South Shore Centre Suite 4, Level 5 85 South Perth Esplanade South Perth Perth WA 6151 Australia|
|Phone / Fax||61 8 9238 8300 / 61 8 9238 8399|
|Share registry||COMPUTERSHARE INVESTOR SERVICES PTY LIMITED|
5Y Avg. yield
IGO paid $0.05 dividend and the ex-dividend date was 10 Sep 2020.The dividend payout ratio is 60.10%. The dividend payout ratio is defined as the amout of dividend paid divided by the earnings of the company.IGO dividend payout ratio is less than 70. This is ideal as it gives company room to grow the dividends and also the excess earnings can be invested in company for growth.
IGO's forward dividend amount is $0.1 and the forward dividend yield is 1.35%. A forward dividend yield is the percentage of a company's current stock price that it expects to pay out as dividends over a certain time period, generally 12 months. Forward dividend yields are generally used in circumstances where the yield is predictable based on past instances. If not, trailing yields, which indicate the same value over the previous 12 months, are used.
As of May 2021, following are the company executives and directors listed on IGO.
|Mr. Peter J. L. Bradford BAppSc, FAusIMM, MSMME, MAIC||MD, CEO & Exec. Director||61||1.24M|
|Mr. Scott Steinkrug C.A. B.Comm, BSc.||Joint Company Sec. & CFO||574.39k|
|Mr. Matt Dusci MAIG||Chief Operating Officer||857.11k|
|Ms. Kate Barker||Gen. Counsel||427.67k|
|Mr. Andrew Eddowes B.Sc.||Head of Corp. Devel.||458.34k|
|Ms. Sam Retallack B.Health Sc, CAHRI, DipAppScience||Head of People & Culture||454.51k|
|Mr. Keith Ashby B.Sc., M.A.I.C.D., M.Sc.||Head of Safety, Health, Environment, Quality (SHEQ) & Risk||455.42k|
|Mr. Ian Sandl B.Sc.||Gen. Mang. of Exploration||468.32k|
|Ms. Joanne McDonald M.Sc., MPA, ACIS||Company Sec. & Head of Corp. Affairs||418.18k|
|Richard Glass||Investor Relations & Communications Mang.|
Profitability and management effectiveness
Return on assets
Return on equity
Profitability ratios are a class of financial metrics that are used to assess a business's ability to generate earnings relative to its revenue, operating costs, balance sheet assets, and shareholders' equity over time, using data from a specific point in time.
The return on equity signifies how well the management is running the company in terms of capital management. The ideal return on equity is greater than 10%. The return on equity is calculated as net income divided by total share holders equity.
Valuation and Trading Info
The market capitalization of IGO is 5.56B and its enterprise value is 4.2B. The enterprise value to revenue ratio of IGO is 4.79.
The IGO's stocks Beta value is 1.02 making it 2% more volatile compared to ASX market index. Technology stocks and small caps tend to have higher betas than the market benchmark. This indicates that adding the stock to a portfolio will increase the portfolio’s risk, but also increase its expected return. On the other hand utility stocks often have low betas because they tend to move more slowly than market averages.
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IGO (ASX:IGO) Frequently Asked Questions
1. What is IGO's Stock Symbol?
IGO trades on ASX under the ticker symbol "IGO".
2. What is IGO's stock price today?
One share of IGO stock can currently be purchased for approximately $7.34.
3. How can I contact IGO?
IGO's mailing address is South Shore Centre Suite 4, Level 5 85 South Perth Esplanade South Perth Perth WA 6151 Australia. The company can be reached via phone at 61 8 9238 8300.
4. What is IGO's official website?
The official website of IGO is http://www.igo.com.au.
5. Which share registry manages IGO's stock?
IGO's stock is managed by COMPUTERSHARE INVESTOR SERVICES PTY LIMITED.