IGO (IPGDF) Gets a Buy from Macquarie
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 23 2025
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Source: Business Insider
Analyst Ratings on IGO: Robert Stein from Macquarie maintains a Buy rating on IGO with a price target of A$5.50, while RBC Capital also issued a Buy rating; however, Bell Potter has a Sell rating on the stock.
Financial Performance: IGO reported a quarterly revenue of $387.8 million and a GAAP net loss of $285.5 million for the quarter ending June 30, significantly down from last year's revenue of $506.6 million and a smaller net loss of $41.9 million.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
