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Citi Sticks to Their Hold Rating for IGO (IPGDF)


Citi Sticks to Their Hold Rating for IGO (IPGDF)

McCutcheon covers the Basic Materials sector, focusing on stocks such as Evolution Mining Limited, Pilbara Minerals Limited, and Mineral Resources Limited. According to TipRanks, McCutcheon has an average return of 3.4% and a 58.33% success rate on recommended stocks.

Currently, the analyst consensus on IGO is a Hold with an average price target of $4.11, representing an 11.08% upside. In a report released on September 2, Jefferies also maintained a Hold rating on the stock with a A$6.10 price target.

IPGDF market cap is currently $2.59B and has a P/E ratio of 1,431.25.

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.

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