Goldman Sachs Reaffirms Their Buy Rating on IGO (IPGDF)
In a report released on May 1, Hugo Nicolaci from Goldman Sachs maintained a Buy rating on IGO (IPGDF – Research Report), with a price target of A$4.55. The company's shares closed last Wednesday at $2.51.
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According to TipRanks, Nicolaci is a 5-star analyst with an average return of 18.7% and a 65.82% success rate. Nicolaci covers the Basic Materials sector, focusing on stocks such as Pilbara Minerals , IGO, and Regis Resources Limited.
IGO has an analyst consensus of Moderate Buy, with a price target consensus of $2.92, implying a 16.53% upside from current levels. In a report released on May 1, Citi also maintained a Buy rating on the stock with a A$4.40 price target.
Based on IGO's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $284 million and a GAAP net loss of $782.1 million. In comparison, last year the company earned a revenue of $408.6 million and had a net profit of $288.3 million
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