WESTGOLD RESOURCES LIMITED (WGX)
Share Price Analysis and Chart

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WGX

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

$2.49

20 Feb
2025

-0.020

OPEN

$2.45

-0.80%

HIGH

$2.50

6,199,820

LOW

$2.44

TARGET
$3.30 32.5% 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 27.3 xxx
DPS (cps) xxx 2.3 2.1 xxx
EPS Growth xxx 100.0% 35.8% xxx
DPS Growth xxx N/A - 8.9% xxx
PE Ratio xxx N/A 9.2 xxx
Dividend Yield xxx N/A 0.8% xxx
Div Pay Ratio(%) xxx 11.2% 7.5% xxx

Dividend yield today if purchased 3 years ago: 1.04%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.90

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 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

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

17/02/2025

1

Outperform

$3.20

28.51%

Westgold Resources' underlying 1H result was broadly in line, highlights Macquarie, adjusting for Karora acquisition costs, but missed consensus estimates by around -4%.

Capital is being retained for growth, so no interim dividend was declared, missing respective forecasts by the broker and consensus for 1 cent and 3 cents.

Management left recently downgraded production guidance unchanged.

The Outperform rating and $3.20 target are unchanged.

FORECAST
Macquarie forecasts a full year FY25 dividend of 1.00 cents and EPS of 24.40 cents.
Macquarie forecasts a full year FY26 dividend of 4.30 cents and EPS of 33.20 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

17/02/2025

1

Buy

$3.25

30.52%

Westgold Resources' 1H25 financial report had significant changes, including a net asset base of $1.9bn vs $692m in June following the merger with Karora Resources in August. 

Revenue rose 72% year on year, driven by a 29% increase in gold production to 158koz and a 30% higher gold price.

With rising gold prices, Petra Capital notes the focus is on the unhedged company leveraging its significant production base and delivering on a guided annual run rate of over 400koz in Q425.

Buy retained but target price lowered to $3.25 from $3.32, due mainly to increased forecast FY25 expenses.

FORECAST
Petra Capital forecasts a full year FY25 dividend of 2.50 cents and EPS of 9.10 cents.
Petra Capital forecasts a full year FY26 dividend of 10.00 cents and EPS of 37.50 cents.
Access Extra Coverage Research History >

WGX STOCK CHART

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