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: 0.17
Index: 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

$2.10

16 Apr
2024

-0.030

OPEN

$2.14

-1.41%

HIGH

$2.14

5,860,406

LOW

$2.08

TARGET
$2.20 4.8% upside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
WGX: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 15.3 xxx
DPS (cps) xxx N/A 1.2 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 14.2 xxx
Dividend Yield xxx N/A 0.6% xxx
Div Pay Ratio(%) xxx N/A 7.8% xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

0.00

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: 28/03 - ex-div 1c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx2.1
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx654.4 M
Book Value Per Share xxxxxxxxxxxxxxx126.3
Net Operating Cash Flow xxxxxxxxxxxxxxx168.4 M
Net Profit Margin xxxxxxxxxxxxxxx1.53 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx1.69 %
Return on Invested Capital xxxxxxxxxxxxxxx1.64 %
Return on Assets xxxxxxxxxxxxxxx1.16 %
Return on Equity xxxxxxxxxxxxxxx1.69 %
Return on Total Capital xxxxxxxxxxxxxxx1.26 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx27.8 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx16 M
Long Term Debt xxxxxxxxxxxxxxx12 M
Total Debt xxxxxxxxxxxxxxx27 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx176 M
Price To Book Value xxxxxxxxxxxxxxx1.14

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx159.5 M
Capex % of Sales xxxxxxxxxxxxxxx24.38 %
Cost of Goods Sold xxxxxxxxxxxxxxx633 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx14 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

11/04/2024

3

Downgrade to Neutral from Outperform

$2.20

4.76%

Macquarie downgrades its rating for Westgold Resources to Neutral from Outperform after the company agreed to merge with Canadian-based Karoa Resources. 

Westgold will acquire all shares in Karoa whose assets include the Beta Hunt and Higginsville gold projects near Kalgoorlie, Western Australia.

The -$1.2bn consideration is made up of 2.524 Westgold Resources shares for every Karoroa Resources share held ($1,075m) along with $0.68/share in cash ($127m value), explains the broker.

The target falls by -19% to $2.20 after taking into account a doubling of shares on issue and an around 70% production lift over the next five years, and double on a ten-year view at a similar cost (AISC).

FORECAST
Macquarie forecasts a full year FY24 dividend of 1.20 cents and EPS of 15.30 cents.
Macquarie forecasts a full year FY25 dividend of 1.00 cents and EPS of 14.70 cents.

WGX STOCK CHART