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

$5.55

06 Nov
2025

0.280

OPEN

$5.35

5.31%

HIGH

$5.55

2,496,628

LOW

$5.32

TARGET
$7.00 26.1% 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 72.3 xxx
DPS (cps) xxx 3.0 9.4 xxx
EPS Growth xxx - 80.9% 100.0% xxx
DPS Growth xxx 33.3% 100.0% xxx
PE Ratio xxx N/A 7.6 xxx
Dividend Yield xxx N/A 1.7% xxx
Div Pay Ratio(%) xxx 77.9% 12.9% xxx

Dividend yield today if purchased 3 years ago: 3.82%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.55

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.
Login above or Get a Free Trial

Macquarie

29/10/2025

1

Outperform

$7.40

33.33%

Westgold Resources' 1Q26 production and costs (AISC) were in line with consensus and a 4% and 3%, respectively, beat vs Macquarie's estimates, supported by strong performance at Murchison.

Despite cash rising $117m q/q to $357m, it fell short of the broker's forecast by -$23m due to working capital and lease repayments, partly offset by lower capex.

The company maintained FY26 guidance at 365koz production and $2,750/oz AISC, consistent with consensus and Macquarie's forecasts.

Modest revisions to the broker's forecasts. Outperform. Target unchanged at $7.40..

FORECAST
Macquarie forecasts a full year FY26 dividend of 8.70 cents and EPS of 78.10 cents.
Macquarie forecasts a full year FY27 dividend of 13.50 cents and EPS of 106.70 cents.
Access Stockbroker Research History >
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

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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

Petra Capital

04/11/2025

1

Buy

$5.92

6.67%

Petra Capital assesses Westgold Resources' September quarter was solid with production of 84koz at -$2,861/oz. Production fell -5% quarter-on-quarter due to milling timing at Lakewood and planned maintenance across Murchison plants, explains the analyst.

The broker explains the positive performance was supported by first ore sales from Crown Prince and steady operations at Bluebird-South Junction and Great Fingall, where Barminco has begun underground mining.

Cash rose $108m to $472m.

Petra Capital maintains a Buy rating, trimming its target slightly to $5.92 from $5.98.

FORECAST
Petra Capital forecasts a full year FY26 dividend of 10.00 cents and EPS of 68.90 cents.
Petra Capital forecasts a full year FY27 dividend of 12.00 cents and EPS of 81.70 cents.
Access Extra Coverage Research History >

WGX STOCK CHART

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