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IGO (IPGDF) Receives a Buy from Macquarie

IGO (IPGDF) Receives a Buy from Macquarie

In a report released today, Robert Stein from Macquarie maintained a Buy rating on IGO, with a price target of A$4.50. The company's shares closed today at $2.98.
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According to TipRanks, Stein is a 2-star analyst with an average return of -0.1% and a 48.34% success rate. Stein covers the Basic Materials sector, focusing on stocks such as Champion Iron, Mineral Resources Limited, and BHP Group Ltd.
The word on The Street in general, suggests a Hold analyst consensus rating for IGO with a $2.70 average price target, a -9.40% downside from current levels. In a report released yesterday, RBC Capital also maintained a Buy rating on the stock with a A$5.00 price target.
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