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

Reuters

01-31

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

** 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;))

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