WESTGOLD RESOURCES LIMITED (WGX)
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WGX

WGX - WESTGOLD RESOURCES LIMITED

FNArena Sector : Gold & Silver
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.29
Index: ASX200 | ASX300 | ALL-ORDS

Westgold Resources is an Australian gold producer and explorer with several mining and processing operations in Western Australia. It has been listed since 2016.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$5.60

14 Oct
2025

0.180

OPEN

$5.58

3.32%

HIGH

$5.73

6,492,483

LOW

$5.54

TARGET
$6.10 8.9% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
WGX: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 3.9 67.4 xxx
DPS (cps) xxx 3.0 6.5 xxx
EPS Growth xxx - 80.9% 100.0% xxx
DPS Growth xxx 33.3% 100.0% xxx
PE Ratio xxx N/A 8.3 xxx
Dividend Yield xxx N/A 1.2% xxx
Div Pay Ratio(%) xxx 77.9% 9.6% xxx

Dividend yield today if purchased 3 years ago: 3.75%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.54

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

Last ex-div: 11/07 - ex-div 1.25c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx3.9
DPS All xxxxxxxxxxxxxxx3.0
Sales/Revenue xxxxxxxxxxxxxxx1,360.3 M
Book Value Per Share xxxxxxxxxxxxxxx208.8
Net Operating Cash Flow xxxxxxxxxxxxxxx357.0 M
Net Profit Margin xxxxxxxxxxxxxxx2.55 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx2.61 %
Return on Invested Capital xxxxxxxxxxxxxxx2.54 %
Return on Assets xxxxxxxxxxxxxxx1.62 %
Return on Equity xxxxxxxxxxxxxxx2.61 %
Return on Total Capital xxxxxxxxxxxxxxx12.24 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx100.3 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 xxxxxxxxxxxxxxx100 M
Long Term Debt xxxxxxxxxxxxxxx47 M
Total Debt xxxxxxxxxxxxxxx147 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx240 M
Price To Book Value xxxxxxxxxxxxxxx1.37

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx293.6 M
Capex % of Sales xxxxxxxxxxxxxxx21.58 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,131 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx54 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx46 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

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

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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

02/10/2025

1

Outperform

$5.60

0%

The new three-year-outlook provided by management at Westgold Resources exceeded consensus forecasts, observes Macquarie.

The company issued FY26-28 production guidance of 365koz, 420koz and 470koz, beating consensus by 2%, 1% and 7%, respectively, highlights the broker. 

Costs (AISC) of $2,750/oz, $2,456/oz and $2,499/oz, were also -5%, -15% and -10%, respectively, lower than expected by consensus.

Production growth is led by Murchison, explains the analyst, rising from 197koz in FY25 to 306koz in FY28, while Southern Goldfields contributes steady gains from 129koz to 164koz over the same period.

Macquarie increases its target to $5.60 from $4.70, and retains an Outperform rating.

FORECAST
Macquarie forecasts a full year FY26 dividend of 6.50 cents and EPS of 66.80 cents.
Macquarie forecasts a full year FY27 dividend of 3.80 cents and EPS of 47.70 cents.
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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

Petra Capital

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Canaccord Genuity

06/10/2025

1

Buy

$6.20

10.71%

Westgold Resources has released a three-year outlook targeting production of 470koz by FY28, an around 44% lift on FY25 levels.

Canaccord Genuity notes FY26 guidance of 345-385koz at costs (AISC) of between -$2,600-2,900/oz is unchanged, while FY27 is forecast at 420koz with costs down -11% versus FY26.

By FY28, production is expected to reach 470koz at an AISC of circa -$2,500/oz, lower than both FY25 and the broker's prior assumptions.

The broker's target rises to $6.20 from $5.95. Buy rating maintained.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 6.00 cents and EPS of 52.00 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 8.00 cents and EPS of 72.00 cents.
Access Extra Coverage Research History >

WGX STOCK CHART

FNArena News on WGX

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