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The latest update is out from West African Resources Ltd ( (AU:WAF) ).
Mitsubishi UFJ Financial Group, Inc. has lodged a notice stating it has ceased to be a substantial holder in West African Resources Limited, indicating its voting power has fallen below the regulatory disclosure threshold. The change in substantial holding status follows a series of transactions on 22 January 2026, including purchases of fully paid ordinary shares in West African Resources by entities controlled by First Sentier Group Limited and Morgan Stanley, signaling a shift in the company’s share register and a redistribution of institutional ownership among major global financial groups.
The most recent analyst rating on (AU:WAF) stock is a Buy with a A$4.00 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 engaged in the exploration and development of mineral assets, with its primary focus on gold projects in West Africa. The company operates within the mining and resources industry, targeting investors seeking exposure to gold production and exploration upside in the region.
Average Trading Volume: 11,728,416
Technical Sentiment Signal: Buy
Current Market Cap: A$4.25B
Learn more about WAF stock on TipRanks’ Stock Analysis page.