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: 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

06 Aug
2026

0.280

OPEN

$5.44

5.43%

HIGH

$5.49

5,239,204

LOW

$5.35

TARGET
$7.467 37.3% 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 63.3 xxx
DPS (cps) xxx 3.0 6.0 xxx
EPS Growth xxx - 80.9% 100.0% xxx
DPS Growth xxx 33.3% 100.0% xxx
PE Ratio xxx N/A 9.0 xxx
Dividend Yield xxx N/A 1.1% xxx
Div Pay Ratio(%) xxx 77.9% 9.5% xxx

Dividend yield today if purchased 3 years ago: 2.05%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.53

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-div 3.00c)

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

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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

28/07/2026

1

Buy

$7.45

36.95%

Westgold Resources met FY26 cost guidance and slightly exceeded production guidance in the fourth quarter.

Ord Minnett awaits the new three-year outlook due in August, noting improvements made at Bluebird-South Junction have slightly offset some of the vent issues at Beta Hunt.

Expansion studies on the Murchison milling infrastructure continue. These all present potential upside risk to production relative to the base case, the broker adds. Buy rating retained. Target is reduced to $7.45 from $7.65.

FORECAST
Ord Minnett forecasts a full year FY26 dividend of 6.00 cents and EPS of 62.40 cents.
Ord Minnett forecasts a full year FY27 dividend of 12.00 cents and EPS of 88.00 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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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

30/07/2026

1

Buy

$7.20

32.35%

Canaccord Genuity retains a Buy rating for Westgold Resources with its target price lowered to $7.20 from $7.25 following the release of the June quarter 2026 production report.

Group gold production reached 99koz at an all-in sustaining cost of $3,220/oz inclusive of ore purchase agreement expenses, driving an underlying cash and bullion build of $72m.

The Murchison operations outperformed expectations as the Bluebird underground mine approached a 1.2Mtpa target run rate, offsetting deferred toll treatment parcels at the Beta Hunt asset in the Southern Goldfields.

The balance sheet remains debt-free with $1.54bn in available liquidity, supporting ongoing share buybacks ahead of an updated three-year outlook scheduled for August 2026.

The analyst modestly reduces FY27 free cash flow forecasts by 1% to $398m while viewing current production estimates as conservative relative to broader market consensus.
Access Extra Coverage Research History >

WGX STOCK CHART

FNArena News on WGX

1
Australian Broker Call *Extra* Edition – Jul 30, 2026

Jul 30 2026 - Daily Market Reports
2
Rudi’s View: The August Earnings Test Is Approaching

Jul 29 2026 - Rudi's View
3
Australian Broker Call *Extra* Edition – Jul 27, 2026

Jul 27 2026 - Daily Market Reports
4
Next Week At A Glance – 13-17 Jul 2026

Jul 10 2026 - Weekly Reports
5
Next Week At A Glance – 6-10 Jul 2026

Jul 03 2026 - Weekly Reports

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