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

$6.63

06 Mar
2026

-0.590

OPEN

$7.03

-8.17%

HIGH

$7.08

5,492,050

LOW

$6.60

TARGET
$9.325 40.6% 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 76.9 xxx
DPS (cps) xxx 3.0 13.3 xxx
EPS Growth xxx - 80.9% 100.0% xxx
DPS Growth xxx 33.3% 100.0% xxx
PE Ratio xxx N/A 8.1 xxx
Dividend Yield xxx N/A 2.1% xxx
Div Pay Ratio(%) xxx 77.9% 17.2% xxx

Dividend yield today if purchased 3 years ago: 3.30%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.48

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

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

09/02/2026

1

Outperform

$9.90

49.32%

Macquarie has updated commodity price forecasts with 2026 iron ore up 4%, copper up 11%, nickel up 16%, gold up 2%, silver up 9% and lithium up 95%, with the analyst noting the price forecasts for lithium and nickel are above consensus.

Sectorally the broker is overweight spodumene, with the price forecast for 2026 to US$1,809/t, and the nickel price forecast up 16% for 2025 and 13% for 2026. The broker is even-weight rated on copper, iron ore, met-coal, aluminium, thermal coal, silver and manganese.

The analyst retains an Outperform rating while lifting the target to $9.90 from $8.20 and lifts FY26 EPS forecast by 5% with FY27 unchanged.

FORECAST
Macquarie forecasts a full year FY26 dividend of 11.50 cents and EPS of 81.40 cents.
Macquarie forecasts a full year FY27 dividend of 9.90 cents and EPS of 87.10 cents.
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

09/03/2026

1

Buy

$8.50

28.21%

Westgold Resources' interim earnings (EBITDA) of $612m were broadly in line with Canaccord Genuity’s $630m forecast and the consensus estimate, and up 73% on the prior year.

Profit of $314m was also broadly in line with the broker’s $322m estimate and the consensus estimate of $305m.

No interim dividend was declared as the company waits for franking credits to build in H2 FY26, though management reiterated its dividend policy of at least 2c annually or up to 30% of free cash flow (FCF). The broker forecasts a 9c dividend for FY26

FY26 production guidance of 345-385koz at costs (AISC) of -$2,600-2,900/oz was maintained.

Canaccord Genuity raises its target price to $8.50 from $8.35 and reiterates a Buy rating.

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 99.00 cents.
Access Extra Coverage Research History >

WGX STOCK CHART

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