WESTGOLD RESOURCES LIMITED (WGX)
Share Price Analysis and Chart

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WGX - WESTGOLD RESOURCES LIMITED

FNArena Sector : Gold & Silver
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.2
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

$2.71

15 Nov
2024

0.040

OPEN

$2.77

1.50%

HIGH

$2.79

3,857,458

LOW

$2.71

TARGET
$3.675 35.6% upside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
WGX: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 20.1 42.4 xxx
DPS (cps) xxx 2.3 4.4 xxx
EPS Growth xxx 100.0% 100.0% xxx
DPS Growth xxx N/A 93.3% xxx
PE Ratio xxx N/A 6.4 xxx
Dividend Yield xxx N/A 1.6% xxx
Div Pay Ratio(%) xxx 11.2% 10.3% xxx

Dividend yield today if purchased 3 years ago: 1.04%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.83

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 © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx20.1
DPS All xxxxxxxxxxxxxxx2.3
Sales/Revenue xxxxxxxxxxxxxxx716.5 M
Book Value Per Share xxxxxxxxxxxxxxx146.1
Net Operating Cash Flow xxxxxxxxxxxxxxx351.7 M
Net Profit Margin xxxxxxxxxxxxxxx13.29 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx14.76 %
Return on Invested Capital xxxxxxxxxxxxxxx14.29 %
Return on Assets xxxxxxxxxxxxxxx9.82 %
Return on Equity xxxxxxxxxxxxxxx14.76 %
Return on Total Capital xxxxxxxxxxxxxxx18.66 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx98.6 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx23 M
Long Term Debt xxxxxxxxxxxxxxx31 M
Total Debt xxxxxxxxxxxxxxx55 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx236 M
Price To Book Value xxxxxxxxxxxxxxx1.66

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx273.1 M
Capex % of Sales xxxxxxxxxxxxxxx38.11 %
Cost of Goods Sold xxxxxxxxxxxxxxx562 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx26 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 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

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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Ord Minnett

01/11/2024

1

Upgrade to Buy from Accumulate

$3.85

42.07%

After reviewing an uneventful 1Q operational update, the broker upgrades its rating for Westgold Resources to Buy from Accumulate based on materially less cash flow risks post the merger with Karora Resources ((KRR)).

Management maintained FY25 production guidance.

The $3.85 target is unchanged.

FORECAST
Ord Minnett forecasts a full year FY25 dividend of 4.40 cents and EPS of 46.60 cents.
Ord Minnett forecasts a full year FY26 dividend of 7.00 cents and EPS of 40.70 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

06/11/2024

1

Buy

$3.82

40.96%

Petra Capital notes Westgold Resources reported 77.4koz of gold production in the September quarter at all-in-sustaining-costs of $2,422/oz, above the broker's forecast of $2,228/oz.

Management's production guidance for FY25 remains at 410koz, with expected ramp-up in output in the 2H25 as new synergies are realised.

The broker lifts EPS forecast by 27% for FY25 following updated costs and output.

Target price rises to $3.82 from $3.60, driven by higher gold price assumptions and improved integration of Karora Resources.

FORECAST
Petra Capital forecasts a full year FY25 dividend of 10.00 cents and EPS of 26.90 cents.
Petra Capital forecasts a full year FY26 dividend of 12.00 cents and EPS of 49.30 cents.
Access Extra Coverage Research History >

WGX STOCK CHART

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