Nickel miner IGO cashed up

Jul 29, 2020 | News

IGO Ltd ended FY20 in a strong cash position, however, with a softer forward looking guidance for FY2021, “particulary regards to costs”, the company was not missed in the market.

IGO traded 13% down today to close at $4.80/share on the ASX.

Nevertheless, RBC Capital Markets expects the company to materially “outperform” sector average over 12 months and forecast a $5.52c/share for IGO.

Read more about IGO in the coming editions of Australia’s Paydirt and hear from Peter Bradford by registering for the on October 6 in Perth.