Jarden Sticks to Its Buy Rating for IGO (IPGDF) | Markets Insider
Jarden analyst Jon Bishop maintained a Buy rating on IGO (IPGDF – Research Report) yesterday and set a price target of A$6.20. The company’s shares closed last Thursday at $3.11.
Bishop covers the Basic Materials sector, focusing on stocks such as IGO, Evolution Mining Limited, and Fortescue Metals Group Ltd. According to TipRanks, Bishop has an average return of 4.4% and a 51.39% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for IGO with a $3.60 average price target, a 15.76% upside from current levels. In a report released on January 14, RBC Capital also maintained a Buy rating on the stock with a A$6.00 price target.
Based on IGO’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $387.8 million and a GAAP net loss of $285.5 million. In comparison, last year the company earned a revenue of $506.6 million and had a GAAP net loss of $41.9 million
TipRanks tracks over 100,000 company insiders, identifying the select few who excel in timing their transactions. By upgrading to TipRanks Premium, you will gain access to this exclusive data and discover crucial insights to guide your investment decisions. Begin your TipRanks Premium journey today.
IGO Ltd. is a development stage company, which engages in the exploration and mining of gold and nickel. It operates through the following business segments: Tropicana Operation; Long Operation; Jaguar Operation; Nova Project; and New Business and Regional Exploration Activities. The Tropicana Operation segment represents the joint venture interest in the Tropicana Gold Mine. The Long Operation segment offers nickel and copper. The Jaguar Operation segment produces copper and zinc concentrates. The Nova Project segment involves the construction and development of the Nova nickel, copper, and cobalt mine located east of Norseman in Western Australia. The New Business and Regional Exploration Activities segment covers the Stockman Project. IGO was founded in May 2000 and is headquartered in South Perth, Australia.
