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
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

$1.42

25 May
2022

-0.020

OPEN

$1.48

-1.39%

HIGH

$1.49

1,713,415

LOW

$1.42

TARGET
$2.30 62.0% upside
Franking for last dividend paid out: 0%
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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 11.4 xxx
DPS (cps) xxx N/A 1.0 xxx
EPS Growth xxx 100.0% - 37.2% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 12.4 xxx
Dividend Yield xxx N/A 0.7% xxx
Div Pay Ratio(%) xxx 0.0% 8.8% 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

Last ex-div: 30/09 - ex-div 2c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2022 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 Capital Employed xxxxxxxxxxxxxxx13.59 %
Return on Invested Capital xxxxxxxxxxxxxxx13.17 %
Return on Assets xxxxxxxxxxxxxxx8.90 %
Return on Equity xxxxxxxxxxxxxxx13.59 %
Return on Total Capital xxxxxxxxxxxxxxx17.56 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx34.4 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

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

02/05/2022

1

Outperform

$2.30

61.97%

Westgold Resources' March-quarter result broadly met Macquarie's forecasts, strength at Bryah balancing out softness at Murchison. Group production was 1% ahead of the broker but all-in-sustaining costs fell -4% short.

Management reiterates FY22 guidance but Macquarie expects a miss on production and that costs will just scrape into the lower end of guidance.

EPS forecasts fall -4% in FY22 but rise 9% in FY23 and 1% in FY24.

Target price rises 4% to $2.30. Outperform rating retained, Macquarie appreciating Bryah's performance and management's guidance conviction.

FORECAST
Macquarie forecasts a full year FY22 dividend of 1.00 cents and EPS of 11.40 cents.
Macquarie forecasts a full year FY23 dividend of 2.00 cents and EPS of 12.30 cents.

WGX STOCK CHART