WESTGOLD RESOURCES LIMITED (WGX)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

WGX

WGX - WESTGOLD RESOURCES LIMITED

FNArena Sector : Gold & Silver
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.13
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Westgold Resources is a dual ASX/TSX-listed Australian gold producer operating exclusively in Western Australia, enlarged by its 2024 merger with Karora Resources.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.86

15 Oct
2026

-0.110

OPEN

$4.90

-2.21%

HIGH

$4.96

4,433,145

LOW

$4.81

TARGET
$7.85 61.5% upside
OTHER COMPANIES IN THE SAME SECTOR
A1M . AAM . AAR . AKA . ALK . AMI . ASL . AUC . AUE . AWJ . BC8 . BEZ . BGD . BGL . BM1 . BNZ . BTR . CEL . CMM . CNB . CVV . CY5 . CYL . DPM . EMR . EVN . FFM . FFM . FG1 . FXG . GG8 . GGP . GHM . GMD . GPR . HRN . IGO . KCN . KGL . MAT . MEI . MEK . MM8 . MML . MPK . MRT . NEM . NMG . NST . NVA . OBM . ORE . PC2 . PDI . PNR . POL . PRU . RMS . RRL . RSG . RXL . SBM . SGC . SMI . SS1 . STM . STN . SVL . SX2 . TBR . TCG . TOR . TRE . TSO . TTM . USL . VAU . WAF . WIA . WMX . YRL .
FNARENA'S MARKET CONSENSUS FORECASTS
WGX: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 47.0 72.2 xxx
DPS (cps) xxx 10.0 13.0 xxx
EPS Growth xxx 100.0% 53.8% xxx
DPS Growth xxx 100.0% 30.0% xxx
PE Ratio xxx N/A 7.0 xxx
Dividend Yield xxx N/A 2.6% xxx
Div Pay Ratio(%) xxx 21.3% 18.0% xxx

Dividend yield today if purchased 3 years ago: 5.08%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.97

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: 15/09 - ex-div 10.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx47.0
DPS All xxxxxxxxxxxxxxx10.0
Sales/Revenue xxxxxxxxxxxxxxx2,440.9 M
Book Value Per Share xxxxxxxxxxxxxxx252.0
Net Operating Cash Flow xxxxxxxxxxxxxxx964.3 M
Net Profit Margin xxxxxxxxxxxxxxx18.17 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx20.45 %
Return on Invested Capital xxxxxxxxxxxxxxx19.85 %
Return on Assets xxxxxxxxxxxxxxx12.62 %
Return on Equity xxxxxxxxxxxxxxx20.45 %
Return on Total Capital xxxxxxxxxxxxxxx32.64 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx555.3 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx55 M
Long Term Debt xxxxxxxxxxxxxxx84 M
Total Debt xxxxxxxxxxxxxxx139 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx735 M
Price To Book Value xxxxxxxxxxxxxxx1.87

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx425.7 M
Capex % of Sales xxxxxxxxxxxxxxx17.44 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,565 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx109 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx168 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

0.8

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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

UBS

09/10/2026

1

Buy

$9.25

90.33%

UBS assesses electrification and AI, along with the Middle East conflict, are likely to continue driving commodity prices, yet there are divergent themes.

The broker is constructive on the fundamental outlook for copper and envisages thermal coal will lift in the next six months as northern winter restocking occurs. Limited downside risk is seen to iron ore, given the 10-year-plus lows on a FOB basis.

UBS is constructive on gold, with support from the debasement trade/diversification offsetting higher real rates and a stronger US dollar.

Nickel and aluminium are seen in surplus with lithium "broadly balanced". UBS has a Buy rating for Westgold Resources. Target is raised to $9.25 from $8.75.

FORECAST
UBS forecasts a full year FY27 dividend of 16.00 cents and EPS of 79.00 cents.
UBS forecasts a full year FY28 dividend of 13.00 cents and EPS of 82.00 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

01/09/2026

1

Buy

$7.30

50.21%

Canaccord Genuity maintains a Buy rating for Westgold Resources with its target price increased to $7.30 from $7.20 following the release of FY26 results.

The producer reported underlying EBITDA of $1,104m and an underlying NPAT of $480m, alongside a fully franked final dividend declaration of 10c per share.

A revised capital management policy guarantees a minimum annual shareholder return of 3c per share, complemented by an approved on-market share buy-back of up to $50m for FY27.

The analyst views the balance sheet as well-positioned for organic growth ambitions, supported by $939m in combined cash, bullion, and liquid investments with zero corporate debt.

Valuation revisions incorporate a 3% increase to FY27 group all-in sustaining cost forecasts and an 8% rise in expected growth capital expenditure.
Access Extra Coverage Research History >

WGX STOCK CHART

FNArena News on WGX

1
Weekly Ratings, Targets, Forecast Changes – 11-09-26

Sep 14 2026 - Weekly Reports
2
Rudi’s View: Resources, Healthcare & Best Buys

Sep 03 2026 - Rudi's View
3
Australian Broker Call *Extra* Edition – Sep 01, 2026

Sep 01 2026 - Daily Market Reports
4
FNArena Corporate Results Monitor – 31-08-2026

Aug 31 2026 - Australia
5
Australian Broker Call *Extra* Edition – Jul 30, 2026

Jul 30 2026 - Daily Market Reports

Latest Gold & Silver News

1
AIC Mines’ Second Copper Hub Excites

Oct 06 2026 - Commodities
2
In Brief: Black Cat, Amplitude & Singular Health

Oct 02 2026 - Weekly Reports
3
Is Gold Setting Up For A Nice Bounce?

Oct 01 2026 - Commodities
4
Gold Fields & Northern Star; Is It On, Is It Off?

Sep 29 2026 - Australia
5
Northern Star Poised For Technical Break Out

Aug 04 2026 - Technicals
6
Strong Execution Underpins Newmont Confidence

Jul 28 2026 - Commodities
7
Investor Sentiment Yet To Turn For Pantoro Gold

Jul 16 2026 - Commodities
8
Capricorn Metals’ Wait Is (Almost) Over

Jul 07 2026 - Commodities
9
Resolute Mining Shares Ready To Rally

May 26 2026 - Technicals
10
The Greatland Resources Valuation Debate

Apr 30 2026 - Commodities