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.

WGX STOCK CHART