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: 0.2
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

$2.89

24 Mar
2025

-0.070

OPEN

$2.96

-2.36%

HIGH

$3.00

8,100,627

LOW

$2.89

TARGET
$3.25 12.5% 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 26.0 xxx
DPS (cps) xxx 2.3 1.6 xxx
EPS Growth xxx 100.0% 29.3% xxx
DPS Growth xxx N/A - 28.9% xxx
PE Ratio xxx N/A 11.1 xxx
Dividend Yield xxx N/A 0.6% xxx
Div Pay Ratio(%) xxx 11.2% 6.2% xxx

Dividend yield today if purchased 3 years ago: 1.15%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.76

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

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

26/02/2025

1

Buy

$3.40

17.65%

Westgold Resources’ divestment of the Lakewood mill for $85m aligns with management's strategy to maximise margins by consolidating processing at the lower-cost Higginsville Gold Operation, explains Ord Minnett .

The Higginsville expansion study targets an increase to 2.6mtpa from 1.6mtpa, supporting longer-term cost efficiency, while Beta Hunt’s Fletcher Zone presents further upside, according to the broker.

The broker's FY25 production estimates are revised lower, offset by improved longer-term earnings (EBITDA) margins.

Macquarie retains a $3.40 target price and a Buy rating supported by strong cost reduction initiatives and production efficiency gains.

FORECAST
Ord Minnett forecasts a full year FY25 dividend of 2.20 cents and EPS of 27.40 cents.
Ord Minnett forecasts a full year FY26 dividend of 5.40 cents and EPS of 34.00 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

Petra Capital

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

Canaccord Genuity

04/03/2025

1

Buy

$4.15

43.60%

Westgold Resources has announced the sale of its Lakewood mill to Black Cat Syndicate ((BC8)) for $85m, consisting of $70m in cash payments and $15m in Black Cat Syndicate shares.

This sale allows Westgold to retain access to the mill’s processing capacity under a toll-treating agreement for the next two years., highlights the broker.

The sale is part of a broader strategy to increase production at the Beta Hunt site, explains the broker.

Management has initiated a study on expanding its Higginsville mill, aiming to boost capacity from 1.6Mtpa to between 2.6Mtpa and 4Mtpa, likely supported by increased mining rates at Beta Hunt.

Management's current FY25 guidance is for 330-350koz at a cost (AISC) of between $2,400-2,600/oz.

Buy rating maintained but target reduces slightly to $4.15 from $4.20.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 2.00 cents and EPS of 13.00 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 1.00 cents and EPS of 42.00 cents.
Access Extra Coverage Research History >

WGX STOCK CHART

FNArena News on WGX

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