The UPGRADES now starting. I topped up at $3.98 last week
IGO - INDEPENDENCE GROUP NL
Citi rates IGO as Upgrade to Buy from Sell (1) - Citi analysts have implemented a double step upgrade, to Buy from Sell, on a combination of supportive in-house view on base metals in 2018 and the company update which has Nova ramping up to full production and a mill expansion adding further value.
The analysts also mention the recent share price weakness. Price target lifts to $4.50 from $4.20. Citi sees further value accretion from ongoing mining efficiencies.
DPS estimates have been significantly upgraded to 11c per annum for the three years ahead.
Target price is $4.50 Current Price is $4.00 Difference: $0.5 If IGO meets the Citi target it will return approximately 13% (excluding dividends, fees and charges). Current consensus price target is $4.09, suggesting upside of 2.3%(ex-dividends)The company's fiscal year ends in June.
So many downgrades, page-19
Add IGO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$5.32 |
Change
0.070(1.33%) |
Mkt cap ! $4.028B | |||
| Open | High | Low | Value | Volume |
| $5.38 | $5.62 | $5.25 | $40.29M | 7.489M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5881 | $5.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.36 | 37609 | 4 |
View Market Depth
| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| IGO (ASX) Chart |