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

$2.16

06 Dec
2023

0.050

OPEN

$2.10

2.37%

HIGH

$2.16

2,381,988

LOW

$2.06

TARGET
$2.40 11.1% upside
Franking for last dividend paid out: 0%
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A1M . ADT . ALK . AMI . AUT . BC8 . BEZ . BGL . CAI . CEL . CMM . CNB . CVV . CYL . DEG . EMR . EVN . EVR . FND . GMD . GOR . GPR . HGO . IGO . KCN . KGL . MAU . MEI . MZZ . NEM . NST . NVA . OBM . ORR . PDI . PNR . PRU . RED . RMS . RRL . RSG . SBM . SLR . SPR . SSR . STM . STN . SVL . TBR . TIE . TTM . WAF .
FNARENA'S MARKET CONSENSUS FORECASTS
WGX: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 2.1 21.7 xxx
DPS (cps) xxx 0.0 1.1 xxx
EPS Growth xxx N/A 100.0% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 10.0 xxx
Dividend Yield xxx N/A 0.5% xxx
Div Pay Ratio(%) xxx 0.0% 5.1% 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: 30/09 - ex-div 2c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 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

1.0

No. Of Recommendations

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

Macquarie

26/10/2023

1

Outperform

$2.40

11.11%

Westgold Resources' Q1 report showed production volume in line but with costs (AISC) 6% higher than forecast. Macquarie points out the production number had been pre-released.

Management remains confident the performance will improve over the year, the broker highlights.

The broker has implemented small changes to forecasts (reductions). Target price has gained 10c to $2.40. Outperform.

FORECAST
Macquarie forecasts a full year FY24 dividend of 1.10 cents and EPS of 21.70 cents.
Macquarie forecasts a full year FY25 dividend of 4.00 cents and EPS of 25.80 cents.
Access Stockbroker Research History >

WGX STOCK CHART

FNArena News on WGX

1
Australian Broker Call *Extra* Edition – Dec 06, 2023

Dec 06 2023 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Oct 31, 2023

Oct 31 2023 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Sep 14, 2023

Sep 14 2023 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Sep 08, 2023

Sep 08 2023 - Daily Market Reports
5
FNArena Corporate Results Monitor – 25-08-2023

Aug 25 2023 - Australia

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