IONEER LIMITED (INR)
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INR

INR - IONEER LIMITED

FNArena Sector : New Battery Elements
Year End: December
GICS Industry Group : Materials
Debt/EBITDA: -0.04
Index: ALL-ORDS

Ioneer is an Australian lithium and boron miner and producer. Its major project is the Rhyolite Ridge project in Nevada, USA. It was listed in 2007 under the name Global Geoscience and changed name in 2018.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.23

17 Oct
2025

-0.020

OPEN

$0.24

-8.00%

HIGH

$0.24

16,651,873

LOW

$0.22

TARGET
$0.305 32.6% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
INR: 1
Title FY26
Forecast		 FY27
Forecast
EPS (cps) - 0.5 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio N/A xxx
Dividend Yield 0.0% xxx
Div Pay Ratio(%) N/A xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx-0.6
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx0.0 M
Book Value Per Share xxxxxxxxxxxxxxx13.5
Net Operating Cash Flow xxxxxxxxxxxxxxx-9.5 M
Net Profit Margin xxxxxxxxxxxxxxx-

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx-4.35 %
Return on Invested Capital xxxxxxxxxxxxxxx-4.35 %
Return on Assets xxxxxxxxxxxxxxx-4.26 %
Return on Equity xxxxxxxxxxxxxxx-4.35 %
Return on Total Capital xxxxxxxxxxxxxxx-4.61 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-9.5 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx0 M
Total Debt xxxxxxxxxxxxxxx1 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx38 M
Price To Book Value xxxxxxxxxxxxxxx0.72

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx22.4 M
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx0 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx15 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

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Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

1

xxxxxxxxxx xx xxxxxxxx xxxx xxxxxxxxxxx xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Ord Minnett

25/09/2025

1

Speculative Buy

$0.25

8.70%

ioneer's FY25 annual report contained no material changes, with Ord Minnett keeping its target price of 25c and Speculative Buy rating unchanged.

The broker highlights shares lifted 18% on news the US administration may seek an equity stake in Lithium Americas’ Thacker Pass project after debt concerns.

The broker stresses issues at Thacker Pass are not relevant to ioneer's Rhyolite Ridge where contracts are take-or-pay, with half supported by price collars, ensuring secure cash flow. 

Overall, Ord Minnett believes the prospect of US government equity in Thacker Pass is positive for ioneer, suggesting stronger official support for domestic lithium projects. 

FORECAST
Ord Minnett forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -0.47 cents.
Ord Minnett forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -0.47 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

29/09/2025

1

Speculative Buy

$0.40

73.91%

The Trump administration may take up to a 10% equity stake in Canadian/US-listed Lithium Americas.

The company owns 68% of the Thacker Pass lithium project in Nevada, with the remainder held by General Motors, which invested -US$625m for a 38% stake in December 2024.

Strategic government involvement would mirror investments in Intel and MP Materials, notes Canaccord Genuity, supporting national security priorities.

The broker sees ioneer's Rhyolite Ridge as a strong beneficiary of similar policies, given its US$996m Department of Energy loan, full permitting, long mine life, and downstream production plans of 20ktpa lithium carbonate equivalent (LCE).

The analysts flag a -US$670m funding gap remains, which could be bridged by US Government participation and a strategic partner.

Canaccord retains a Speculative Buy rating and 40c target.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -1.25 cents.
Access Extra Coverage Research History >

INR STOCK CHART

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