WESTGOLD RESOURCES LIMITED (WGX)
Share Price Analysis and Chart

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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: ASX100 | 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

$5.62

25 Mar
2026

0.460

OPEN

$5.32

8.91%

HIGH

$5.68

9,279,260

LOW

$5.31

TARGET
$9.50 69.0% 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 81.7 xxx
DPS (cps) xxx 3.0 11.4 xxx
EPS Growth xxx - 80.9% 100.0% xxx
DPS Growth xxx 33.3% 100.0% xxx
PE Ratio xxx N/A 6.8 xxx
Dividend Yield xxx N/A 2.1% xxx
Div Pay Ratio(%) xxx 77.9% 13.9% xxx

Dividend yield today if purchased 3 years ago: 2.54%

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: 11/09 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 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

3
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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UBS

17/03/2026

1

Initiation of coverage with Buy

$10.25

82.38%

UBS has launched coverage on five more ASX listed gold names, taking its team gold coverage to 14 Australian stocks.

The broker's investment thesis sees strong volume growth and gold prices remaining elevated, providing a "healthy pathway" to higher earnings and cash flow for the sector.

The broker's updated order of preference places Pantoro Gold on top, followed by Westgold Resources, then Minerals 260, Catalyst Metals, and Ora Banda Mining.

UBS' Precious Metals strategists are forecasting an average gold price of US$5,200 for 2026 before the rally is expected to fade.

Westgold Resources is initiated with a Buy rating and $10.25 price target.

The broker notes cost reductions from Higginsville expansion and Murchison debottlenecking, alongside a strong net cash balance and robust free cash flow outlook.

Further growth potential is identified via the Fletcher deposit and divestment opportunities to unlock additional value across the portfolio.

FORECAST
UBS forecasts a full year FY26 EPS of 93.00 cents.
UBS forecasts a full year FY27 EPS of 133.00 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
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

17/03/2026

1

Buy

$8.75

55.69%

Westgold Resources has approved the expansion of the Higginsville processing plant to 2.6mtpa.

Expansion expenditure is estimated at -$145m, broadly in line with Canaccord Genuity's expectations and compares with the company's three-year guidance of -$130m.

The modest uplift in capital expenditure reflects DFS level engineering, cost escalation and a decision to "future proof" key front-end equipment for potential future expansion to 4mtpa, commentary suggests.

The broker adjusts its modelling, increasing the target to $8.75 from $8.50. Buy rating retained.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 9.00 cents and EPS of 57.00 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 12.00 cents and EPS of 98.00 cents.
Access Extra Coverage Research History >

WGX STOCK CHART

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