IGO stock falls 5.44 percent on ASX at EUR 3.34

Published on 10/15/2026 at 20:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

IGO stock costs EUR 3.34 on October 15, 2026, down 5.44 percent on ASX. Morgan Stanley set an AUD 6.40 target on October 12, 2026.

ASX decline reaches 5.44 percent

IGO Limited's ASX session fell 5.44 percent on October 15, 2026.
The October 12, 2026 analyst view put the target at AUD 6.40.
IGO stock costs EUR 3.34 at Lang & Schwarz on October 15, 2026 at 8:14 p.m. CEST, down 5.44 percent versus the prior ASX close.
The next quarterly report is scheduled for October 29, 2026.

IGO, AU000000IGO4, Illustration mit AI erstellt.

IGO Limited stock (ISIN AU000000IGO4) fell 5.44 percent on the ASX on October 15, 2026. At Lang & Schwarz, the euro quote stood at EUR 3.34 at 8:14 p.m. CEST.

Morgan Stanley sets AUD 6.40 target

In a report dated October 12, 2026, Morgan Stanley maintained a Hold rating on IGO and set a price target of AUD 6.40, according to Markets Insider. Against the ASX price of AUD 5.39, the target is 18.74 percent above the price.

IGO sits 46.37 percent below its high

IGO closed the ASX session at AUD 5.39, down from AUD 5.70 at the prior close. The stock traded between AUD 5.39 and AUD 5.64 during the session, while volume reached 3,354,569 shares against an average of 3,132,762 shares.

The 52-week range ran from AUD 3.67 to AUD 10.05. At AUD 5.39, IGO stood 46.37 percent below its 52-week high and 46.87 percent above its 52-week low. Those figures place the share price near the lower half of its annual range.

Valuation and October 29 report date

IGO's market capitalization was AUD 4.1 billion, with a P/E ratio of 27.66 and a dividend yield of 0.01 percent as of October 15, 2026. The next quarterly report is scheduled for October 29, 2026, according to Simply Wall St.

For operating context, Markets Insider reported quarterly revenue of AUD 260.4 million and net profit of AUD 179.4 million for the quarter ended June 30, 2026. Revenue was AUD 233.3 million in the comparable prior-year quarter, when IGO recorded a GAAP net loss of AUD 172.5 million.

Comparison with peers

IGO (ASX, AUD): minus 5.44 percent, P/E 27.66, market capitalization AUD 4.1 billion.

PLS Group (ASX, AUD): minus 6.31 percent, P/E 18.55, market capitalization AUD 9.6 billion.

Mineral Resources (ASX, AUD): minus 4.85 percent, P/E 8.31, market capitalization AUD 8.7 billion.

What the euro quote shows

IGO Limited operates in critical-minerals exploration and mining, with exposure to lithium, nickel, copper and cobalt assets in Australia. The ASX decline was larger than the same-day decline of both selected peers, while IGO's P/E ratio was also higher than their reported ratios.

At Lang & Schwarz, IGO stock was trading at EUR 3.34 on October 15, 2026 at 8:14 p.m. CEST, down 5.44 percent versus the prior ASX close.

The further course of trading is shown by the continuously updated real-time quote of IGO stock.