WESTGOLD RESOURCES LIMITED (WGX)
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WGX - WESTGOLD RESOURCES LIMITED

FNArena Sector : Gold & Silver
Year End: June
GICS Industry Group : Materials
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

$1.68

23 Sep
2021

-0.040

OPEN

$1.70

-2.33%

HIGH

$1.71

1,579,289

LOW

$1.68

TARGET
$2.60 54.8% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
WGX: 1
Title FY20
Actual		 FY21
Actual		 FY22
Forecast		 FY23
Forecast
EPS (cps) xxx 18.2 21.1 xxx
DPS (cps) xxx N/A 0.0 xxx
EPS Growth xxx 100.0% 16.2% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 7.7 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx 0.0% 0.0% xxx

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 N/A

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
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 201620172018201920202021
EPS Basic xxxxxxxxxxxxxxx18.2
DPS All xxxxxxxxxxxxxxx2.0
Sales/Revenue xxxxxxxxxxxxxxx571.2 M
Book Value Per Share xxxxxxxxxxxxxxx143.3
Net Operating Cash Flow xxxxxxxxxxxxxxx249.1 M
Net Profit Margin xxxxxxxxxxxxxxx13.44 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201620172018201920202021
Return on Assets xxxxxxxxxxxxxxx8.90 %
Return on Equity xxxxxxxxxxxxxxx13.59 %
Return on Total Capital xxxxxxxxxxxxxxx17.56 %
Capex xxxxxxxxxxxxxxx229.0 M
Capex % of Sales xxxxxxxxxxxxxxx40.09 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx34.4 M

Return on Assets

Return on Equity

Return on Total Capital

Capex

Capex % of Sales

Free Cash Flow ex dividends

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EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

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

Macquarie

24/09/2021

1

Outperform

$2.60

54.76%

Following a site visit the broker notes the Big Bell ramp-up is gaining momentum while the new Bluebird mine is beginning to "hit its straps".

Given the considerable self-funded investment in Big Bell, Westgold Resources has until now lacked cash flows to meaningfully deliver on its strategy, the broker notes. But shrinking capex and inceasing production puts the miner in a strong position.

The broker sees the recent maiden dividend as a clear indication of improving cashflow stability. Outperform retained, target rises to $2.60 from $2.30.

FORECAST
Macquarie forecasts a full year FY22 dividend of 0.00 cents and EPS of 21.10 cents.
Macquarie forecasts a full year FY23 dividend of 0.00 cents and EPS of 16.90 cents.
Access Stockbroker Research History >

WGX STOCK CHART

FNArena News on WGX

1
FNArena Corporate Results Monitor – 31-08-2021

Aug 31 2021 - Australia
2
Rudi’s View: August, It’s A Joke

Aug 19 2021 - Rudi's View
3
Australian Broker Call *Extra* Edition – Aug 12, 2021

Aug 12 2021 - Daily Market Reports
4
Rudi’s View: August Results; Anticipation & Trepidation

Jul 29 2021 - Rudi's View
5
Australian Broker Call *Extra* Edition – Jul 19, 2021

Jul 19 2021 - Daily Market Reports

Latest Gold & Silver News

1
Gold Outlook Improves: Are Stocks Cheap?

Sep 13 2021 - Commodities
2
Gold Risky At Present

Jul 21 2021 - Technicals
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St Barbara’s Outlook Loses Its Lustre

May 19 2021 - Australia
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Gold Stocks Ready To Shine Again

Dec 03 2020 - Australia
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Catalysts Aplenty Ahead For Evolution Mining

Oct 28 2020 - Australia
6
Gold: Longer Term Upside

Oct 21 2020 - Technicals
7
Looking Elsewhere For Golden Value

Oct 15 2020 - Weekly Reports
8
Newcrest Advances Its Options

Oct 12 2020 - Australia
9
Northern Star/Saracen Create Gold Giant

Oct 07 2020 - Australia
10
Material Matters: Gold, Iron Ore & Base Metals

Sep 10 2020 - Commodities