IGO stock falls 4.59 percent in ASX trading
Published on 10/08/2026 at 04:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
IGO stock (ISIN AU000000IGO4) was trading at AUD 6.24 on the ASX at 12:54 p.m. AEDT on October 8, 2026, down 4.59 percent from the prior close of AUD 6.54. The move puts the Australian critical-miner in a session defined by price pressure rather than a fresh earnings release.
FY2026 cash flow improved
IGO entered fiscal 2027 after a sharp recovery in cash generation. According to Yahoo Finance in the transcript dated August 27, 2026, underlying free cash flow reached AUD 134 million in FY2026, up 176 percent from FY2025.
The same transcript reported FY2026 revenue of AUD 463 million, down 12 percent from FY2025, while underlying EBITDA was AUD 286 million and statutory net profit after tax was AUD 145 million. The profit improvement followed stronger spodumene pricing and improved Greenbushes earnings, while a major Kwinana impairment had affected the prior year.
Analyst target stays above price
Macquarie maintained a Buy rating and set an AUD 9.00 price target on October 1, 2026, according to Markets Insider. The target lies 44.2 percent above the ASX price of AUD 6.24, a gap that leaves the market valuation sensitive to lithium prices and operational delivery.
IGO's operating mix gives that comparison added weight. The company combines its interest in the Greenbushes lithium operation with the Nova nickel business and exploration focused on lithium and copper, while its portfolio continues to shift toward critical minerals.
October report sets next checkpoint
IGO has scheduled its September 2026 quarterly report for October 29, 2026. The company said in its IGO Limited webcast notice dated September 15, 2026, that the results webcast will begin at 12:00 p.m. AEDT on that date.
IGO stock trades below yearly high
At AUD 6.24 on October 8, 2026, IGO stock was above its 52-week low of AUD 4.87 and below its 52-week high of AUD 10.05. The market capitalization was AUD 4.7 billion, with volume at 2,343,492 shares, giving investors a current valuation and liquidity reference alongside the company's FY2026 recovery.
Key facts on IGO stock
- Company: IGO Limited
- ISIN: AU000000IGO4
- Ticker: IGO
- Trading venue: ASX
- Price (as of October 8, 2026, 12:54 p.m. AEDT): AUD 6.24
- Market capitalization: AUD 4.7 billion (as of October 8, 2026)
- 52-week range: AUD 4.87-10.05 (as of October 8, 2026)
- Sector / Industry: Materials / Mining
Upcoming dates for IGO stock
- October 29, 2026: September 2026 quarterly report and webcast
