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: 0.13
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

$5.44

29 Oct
2026

0.080

OPEN

$5.43

1.49%

HIGH

$5.51

4,507,567

LOW

$5.40

TARGET
$7.817 43.7% upside
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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 9.0 xxx
EPS Growth xxx 100.0% 53.6% xxx
DPS Growth xxx 100.0% - 10.0% xxx
PE Ratio xxx N/A 7.3 xxx
Dividend Yield xxx N/A 1.7% xxx
Div Pay Ratio(%) xxx 21.3% 12.5% xxx

Dividend yield today if purchased 3 years ago: 4.78%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.89

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

1.0

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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

22/10/2026

1

Buy

$9.25

70.04%

UBS notes Beta Hunt has hit 2mtpa, which takes the Westgold Resources southern goldfields hub to a mill-constrained position. Studies investigating the optimum haulage method for the Fletcher orebody and a decision on a 2mtpa expansion are due in the March quarter.

With surface space the main constraint at Beta Hunt, management is confident it can find room for another decline and stockpile more than 1mt of ore before deciding on whether to expand Higginsville or build a new mill at Spargos.

UBS makes few changes to operating assumptions and retains a Buy rating on the stock, which screens as one of the least expensive golds in its coverage. Target is $9.25.

FORECAST
UBS forecasts a full year FY27 dividend of 10.00 cents and EPS of 81.00 cents.
UBS forecasts a full year FY28 dividend of 20.00 cents and EPS of 83.00 cents.

Ord Minnett

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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

23/10/2026

1

Buy

$7.00

28.68%

Canaccord Genuity maintains a Buy rating for Westgold Resources with a target price of $7.00 following a steady first-quarter production report of 98.4koz and an underlying cash and bullion increase of $49m to $828m.

The analyst highlights that Murchison operations exceeded expectations with 71.9koz produced, while Southern Goldfields advanced as Beta Hunt achieved a 2Mtpa annualised mining rate.

Total AISC expenditure declined to -$301m supported by a larger inventory credit of $49m, and FY27 production and cost guidance remains unchanged.

Canaccord updates its earnings model to incorporate minor production profile changes, forecasting FY27 production of 409koz at an AISC of $3,196/oz.

FORECAST
Canaccord Genuity forecasts a full year FY27 dividend of 3.00 cents and EPS of 66.00 cents.
Canaccord Genuity forecasts a full year FY28 dividend of 7.00 cents and EPS of 83.00 cents.
Access Extra Coverage Research History >

WGX STOCK CHART

FNArena News on WGX

1
Weekly Ratings, Targets, Forecast Changes – 23-10-26

Oct 26 2026 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Oct 23, 2026

Oct 23 2026 - Daily Market Reports
3
Weekly Ratings, Targets, Forecast Changes – 11-09-26

Sep 14 2026 - Weekly Reports
4
Rudi’s View: Resources, Healthcare & Best Buys

Sep 03 2026 - Rudi's View
5
Australian Broker Call *Extra* Edition – Sep 01, 2026

Sep 01 2026 - Daily Market Reports

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