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: 0.2
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

$1.44

08 Jun
2023

-0.055

OPEN

$1.47

-3.68%

HIGH

$1.47

1,295,021

LOW

$1.44

TARGET
$1.90 31.9% upside
Franking for last dividend paid out: 0%
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FNARENA'S MARKET CONSENSUS FORECASTS
WGX: 1
Title FY21
Actual		 FY22
Actual		 FY23
Forecast		 FY24
Forecast
EPS (cps) xxx - 25.3 4.6 xxx
DPS (cps) xxx 0.0 1.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 32.4 xxx
Dividend Yield xxx N/A 0.7% xxx
Div Pay Ratio(%) xxx N/A 21.7% 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 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx-25.3
DPS All xxxxxxxxxxxxxxx2.0
Sales/Revenue xxxxxxxxxxxxxxx647.6 M
Book Value Per Share xxxxxxxxxxxxxxx124.1
Net Operating Cash Flow xxxxxxxxxxxxxxx179.9 M
Net Profit Margin xxxxxxxxxxxxxxx-17.16 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx-18.60 %
Return on Invested Capital xxxxxxxxxxxxxxx-17.96 %
Return on Assets xxxxxxxxxxxxxxx-12.36 %
Return on Equity xxxxxxxxxxxxxxx-18.60 %
Return on Total Capital xxxxxxxxxxxxxxx2.57 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-14.7 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 201720182019202020212022
Short-Term Debt xxxxxxxxxxxxxxx23 M
Long Term Debt xxxxxxxxxxxxxxx20 M
Total Debt xxxxxxxxxxxxxxx43 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx183 M
Price To Book Value xxxxxxxxxxxxxxx0.95

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201720182019202020212022
Capex xxxxxxxxxxxxxxx206.5 M
Capex % of Sales xxxxxxxxxxxxxxx31.88 %
Cost of Goods Sold xxxxxxxxxxxxxxx622 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx9 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

26/05/2023

1

Outperform

$1.90

31.94%

Westgold Resources' flagship Big Bell mine has been running at 10% above nameplate over the past year, Macquarie observes. Following a site tour the broker considers the Deeps expansion increasingly likely.

Exploration potential at Bluebird also appears compelling and the eventual output could exceed the current target. Management has reiterated FY23 production and cost guidance.

The Outperform rating and $1.90 target are unchanged.

FORECAST
Macquarie forecasts a full year FY23 dividend of 1.00 cents and EPS of 4.60 cents.
Macquarie forecasts a full year FY24 dividend of 2.00 cents and EPS of 11.40 cents.
Access Stockbroker Research History >

WGX STOCK CHART

FNArena News on WGX

1
Australian Broker Call *Extra* Edition – Apr 19, 2023

Apr 19 2023 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Mar 10, 2023

Mar 10 2023 - Daily Market Reports
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Weekly Ratings, Targets, Forecast Changes – 03-03-23

Mar 06 2023 - Weekly Reports
4
Rudi’s View: February’s Sobering Reality Check

Mar 01 2023 - Rudi's View
5
FNArena Corporate Results Monitor – 27-02-2023

Feb 27 2023 - Australia

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