Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
West African Resources Ltd ( (AU:WAF) ) just unveiled an update.
Mitsubishi UFJ Financial Group has lodged a notice that it has ceased to be a substantial shareholder in West African Resources Limited, after a series of trades in the company’s fully paid ordinary shares executed through entities controlled by Morgan Stanley. The change in status, effective from early January 2026, signals a reduction in a major institutional investor’s voting power in the miner, a move that may slightly shift the company’s share register composition and could be monitored by the market for any further changes in institutional ownership.
The most recent analyst rating on (AU:WAF) stock is a Hold with a A$3.20 price target. To see the full list of analyst forecasts on West African Resources Ltd stock, see the AU:WAF Stock Forecast page.
More about West African Resources Ltd
West African Resources Limited is an Australian-listed resources company focused on the exploration and development of mineral assets, with its shares traded as fully paid ordinary securities on the ASX. The company operates within the broader mining and resources sector, attracting institutional and international investors that actively trade and disclose substantial holdings under Australian corporate law.
Average Trading Volume: 13,011,802
Technical Sentiment Signal: Buy
Current Market Cap: A$3.66B
See more data about WAF stock on TipRanks’ Stock Analysis page.