Australia's IGO set for worst week in four months; Jarden trims TP

IGO

31/01/2025 03:25

** Shares of IGO  IGO.AX  extend daily losses to drop 2.4%
to A$4.94, and on track for their worst week since Sept 16,
2024, if the current trend holds 
    ** Jarden lowers target price for shares of critical
minerals miner to A$6.07 from A$6.20, maintains "buy"
    ** Brokerage lowers price to account for lower life of mine
grades and recoveries for its 'Nova' nickel mine
    ** Co earlier in the weak reported lower quarterly earnings
    ** Five of 15 analysts rate the stock "buy" or higher, six
"hold" and four "sell"; their median PT is A$5.5 – according to
data compiled by LSEG 
    ** Stock fell 47.3% in 2024

    

 (Reporting by Nichiket Sunil in Bengaluru)
 ((Nichiket.Sunil@thomsonreuters.com;))