Lithium rally is “detached from fundamentals” Go short says Citi
Thu 18 Apr 24, 1:09pm (AEST)
IGO ASX Chart
Snapshot
IGO Limited (IGO) is a mineral exploration company focusing on discovering, developing, and delivering products critical to clean energy. Through its upstream mining and downstream processing assets, IGO is enabling future-facing technologies including the electrification of transport, energy storage and renewable energy generation. IGO owns and operates the Nova nickel-copper-cobalt operation in WA and is invested in a lithium focused joint venture with Tianqi Lithium Corporation, which holds a 51% stake in the Greenbushes Lithium Mine and 100% interest in a downstream processing refinery at Kwinana producing battery grade lithium hydroxide.
Share Price Activity (ASX)
| Last (Price) | |
| Change | 0.00 (0.00) |
| Bid / Ask | - |
| Volume | |
| Volume (4w avg) | |
| Turnover | |
| Open | |
| Day Range | - |
| VWAP | |
| Prev Close | |
| Last Trade |
Performance
| 1 Week | |
| 1 Month | |
| 2024 YTD | |
| 1 Year | |
| vs Sector (1yr) | -45.83% |
| vs ASX 200 (1yr) | -51.81% |
Size
|
Market Cap
Excludes mandatory escrowed shares and foreign shares.
|
|
| ASX Rank | 98 of 2,384 |
| Sector Rank | 21 of 1,005 |
Latest IGO Ltd News
Announcements
Corporate Overview
Corporate Details
| Head Office | South Perth WA 6151 |
| Website | www.igo.com.au |
| Registry | Computershare |
| Auditor | BDO Audit Pty Ltd |
| Date Listed | 17 Jan 2002 |
Upcoming Calendar (Forecasted)
| Date | Event |
|---|---|
| 26/04/2024 | Report (Quarterly) |
| 29/07/2024 | Report (Quarterly) |
| 29/08/2024 | Report (Prelim) |
| 29/08/2024 | Report (Annual) |
Former Company Names
- Independence Group NL (IGO), 21/01/2020
- Independence Gold NL (IGO), 24/12/2003
Sponsored Financial Content
Dividend History
DPS and Yield calculations use the Pay Date.
See Upcoming Dividends for all ASX companies.
| Key Data | |
|---|---|
| DPS(TTM) | $0.71 |
| Gross DPS(TTM) | $1.0143 |
| Dividend yield |
|
| Gross yield |
|
| Payout Ratio | 86% |
| DRP | No |
| DRP Features | - |
Directors & Management
Directors
Management
Director Transactions
IGO directors must report any change in shareholding to the ASX within 5 business days.
See Director Transactions for all ASX companies.
Director Interests
The current holdings of IGO directors.
Shareholder Info
Substantial Shareholders
A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. Shares can be held through multiple entities, so the Substantial Shareholders list differs from the Top 20 Shareholders list.
Shareholding changes less than 1% do not require notification to the market. When all “Last Notice” dates are identical, it suggests that no (or minimal) change has occurred since the most recent Annual Report.
Note: If a substantial shareholder's stake drops below 5%, the "Shareholders Selling" field shows full ownership as sold and sets "New %" to zero, even if they continue to hold shares under the limit.
| Name | Last Notice | Total Shares | Shares Held (%) |
|---|---|---|---|
| Mark Gareth Creasy | 14/08/2023 | 80,518,341 | 10.62 |
| FIL Limited and the entities | 14/08/2023 | 66,044,141 | 8.72 |
| State Street Corporation and subsidiaries | 15/04/2024 | 49,266,446 | 6.51 |
Shareholders Buying
12 month transaction history compiled from ASX announcements.
| Date | Name | Bought | Previous % | New % |
|---|---|---|---|---|
| 09-04-24 | State Street Corporation and subsidiaries | 7,921,419 | 6.56 | 7.61 |
| 05-04-24 | State Street Corporation and subsidiaries | 8,798,444 | 6.56 | 7.72 |
| 02-04-24 | State Street Corporation and subsidiaries | 12,859,500 | 6.05 | 7.75 |
| 28-03-24 | Mitsubishi UFJ Financial Group, Inc | 38,308,725 | -- | 5.06 |
| 18-03-24 | State Street Corporation and subsidiaries | 7,807,896 | 6.33 | 7.36 |
| 29-02-24 | Mitsubishi UFJ Financial Group, Inc | 59,121,906 | -- | 7.81 |
| 29-02-24 | First Sentier Investors Holdings Pty Limited | 58,905,417 | -- | 7.78 |
| 15-12-23 | Mitsubishi UFJ Financial Group, Inc | 38,586,493 | -- | 5.10 |
| 15-12-23 | First Sentier Investors Holdings Pty Limited | 38,592,993 | -- | 5.10 |
| 06-11-23 | State Street Corporation and subsidiaries | 8,372,827 | 5.23 | 6.33 |
| 18-10-23 | BlackRock Group | 7,658,681 | 5.37 | 6.38 |
| 01-08-23 | FIL Limited and the entities | 20,478,113 | 7.72 | 8.72 |
| 24-07-23 | State Street Corporation and subsidiaries | 39,584,468 | -- | 5.23 |
| 14-07-23 | State Street Corporation and subsidiaries | 37,833,602 | -- | 5.00 |
| 28-06-23 | State Street Corporation and subsidiaries | 38,179,454 | -- | 5.04 |
| 21-06-23 | State Street Corporation and subsidiaries | 37,931,180 | -- | 5.01 |
| 14-06-23 | State Street Corporation and subsidiaries | 38,802,565 | -- | 5.12 |
| 02-06-23 | State Street Corporation and subsidiaries | 39,558,744 | -- | 5.22 |
| 25-05-23 | State Street Corporation and subsidiaries | 37,934,368 | -- | 5.01 |
| 15-05-23 | State Street Corporation and subsidiaries | 38,281,453 | -- | 5.06 |
| 09-05-23 | State Street Corporation and subsidiaries | 38,607,539 | -- | 5.10 |
Shareholders Selling
12 month transaction history compiled from ASX announcements.
| Date | Name | Sold | Previous % | New % |
|---|---|---|---|---|
| 15-04-24 | State Street Corporation and subsidiaries | 8,364,744 | 7.61 | 6.51 |
| 12-04-24 | Mitsubishi UFJ Financial Group, Inc | 38,308,725 | 5.06 | -- |
| 08-04-24 | State Street Corporation and subsidiaries | 8,755,737 | 7.72 | 6.56 |
| 04-04-24 | State Street Corporation and subsidiaries | 8,992,670 | 7.75 | 6.56 |
| 28-03-24 | State Street Corporation and subsidiaries | 9,964,957 | 7.36 | 6.05 |
| 21-03-24 | Mitsubishi UFJ Financial Group, Inc | 41,044,594 | 5.42 | -- |
| 21-03-24 | First Sentier Investors Holdings Pty Limited | 41,044,594 | 5.42 | -- |
| 11-03-24 | Mitsubishi UFJ Financial Group, Inc | 9,989,708 | 6.74 | 5.42 |
| 11-03-24 | First Sentier Investors Holdings Pty Limited | 9,989,708 | 6.74 | 5.42 |
| 06-03-24 | Mitsubishi UFJ Financial Group, Inc | 8,087,604 | 7.81 | 6.74 |
| 06-03-24 | First Sentier Investors Holdings Pty Limited | 8,087,604 | 7.81 | 6.74 |
| 29-02-24 | BlackRock Group | 48,330,908 | 6.38 | -- |
| 19-12-23 | Mitsubishi UFJ Financial Group, Inc | 38,586,493 | 5.10 | -- |
| 19-12-23 | First Sentier Investors Holdings Pty Limited | 38,592,993 | 5.10 | -- |
| 12-10-23 | T. Rowe Price Associates, Inc. | 48,121,322 | 6.35 | -- |
| 06-10-23 | T. Rowe Price Associates, Inc. | 9,709,589 | 7.64 | 6.35 |
| 21-07-23 | State Street Corporation and subsidiaries | 37,833,602 | 5.00 | -- |
| 13-07-23 | State Street Corporation and subsidiaries | 38,179,454 | 5.04 | -- |
| 27-06-23 | State Street Corporation and subsidiaries | 37,931,180 | 5.01 | -- |
| 16-06-23 | State Street Corporation and subsidiaries | 38,802,565 | 5.12 | -- |
| 12-06-23 | State Street Corporation and subsidiaries | 39,558,744 | 5.22 | -- |
| 01-06-23 | State Street Corporation and subsidiaries | 37,934,368 | 5.01 | -- |
| 24-05-23 | State Street Corporation and subsidiaries | 38,281,453 | 5.06 | -- |
| 11-05-23 | State Street Corporation and subsidiaries | 38,607,539 | 5.10 | -- |
| 24-04-23 | T. Rowe Price Associates, Inc. | 2,189,090 | 8.72 | 7.64 |
Historical Data
Share Price History
| Date | Close | Change | %Chg | Open | High | Low | Volume | Turnover |
|---|---|---|---|---|---|---|---|---|
Historical Data
| Year | Closing Price | Last Trade |
|---|---|---|
| 2023 | $15.20 | 30 June |
| 2022 | $9.94 | 30 June |
| 2021 | $7.63 | 30 June |
| 2020 | $4.87 | 30 June |
| 2019 | $4.72 | 28 June |
| 2018 | $5.14 | 29 June |
| 2017 | $3.15 | 28 June |
| 2016 | $3.28 | 28 June |
| 2015 | $4.17 | 30 June |
| 2014 | $4.35 | 30 June |
IGO Historical
Price Data (CSV)
Up to 20 years of EOD share price history
Important note:
All year-end and CSV data is "as traded on the day" and ignores corporate actions (e.g. share splits)
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