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: 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

$6.10

28 Nov
2025

0.040

OPEN

$6.06

0.66%

HIGH

$6.16

1,548,715

LOW

$6.05

TARGET
$7.00 14.8% 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 72.3 xxx
DPS (cps) xxx 3.0 9.4 xxx
EPS Growth xxx - 80.9% 100.0% xxx
DPS Growth xxx 33.3% 100.0% xxx
PE Ratio xxx N/A 8.4 xxx
Dividend Yield xxx N/A 1.5% xxx
Div Pay Ratio(%) xxx 77.9% 12.9% xxx

Dividend yield today if purchased 3 years ago: 3.97%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.49

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 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

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

03/11/2025

1

Buy

$6.60

8.20%

Westgold Resources’ September quarter result was in line with Ord Minnett's expectations and marks a steady start to FY26 following FY25’s mixed performance, highlight the analysts.

Operational fundamentals are improving with infrastructure upgrades complete at Beta Hunt and mine sequencing progressing at Bluebird–South Junction.

FY26 guidance was unchanged at 345-385koz at -$2,600-2,900/oz AISC, with stronger output expected in 2H26.

Free cash flow (FCF) of about $340m is forecast for 2H26, while the ongoing $250m buy-back provides downside protection, in the broker's opinion.

Ord Minnett retains a Buy rating and $6.60 target.

FORECAST
Ord Minnett forecasts a full year FY26 dividend of 10.00 cents and EPS of 66.50 cents.
Ord Minnett forecasts a full year FY27 dividend of 11.50 cents and EPS of 78.00 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

28/10/2025

1

Buy

$7.80

27.87%

Broadly in line with Canaccord Genuity's estimates, Westgold Resources’ September quarter revealed production of 84koz at all-in sustaining costs (AISC) of -$2,861/oz.

Lower output from Murchison and Southern Goldfields reflected development constraints at Bluebird-South Junction and timing effects at Lakewood, explains the broker. An offset was provided by early ore purchases and stable Beta Hunt mining rates.

Cash and bullion rose $82m to $418m, with total liquidity of $522m.

FY26 guidance was reaffirmed at 345-385koz at cost -$2,600-2,900/oz.

Highlighting a strong free cash flow (FCF) outlook and improving mine flexibility, Canaccord maintains a Buy rating and lifts its target to $7.80 from $7.75.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 9.00 cents and EPS of 71.00 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 12.00 cents and EPS of 93.00 cents.
Access Extra Coverage Research History >

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