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West African Resources Ltd ( (AU:WAF) ) has provided an announcement.
Mitsubishi UFJ Financial Group has filed a Form 605 noting that it and related First Sentier and Morgan Stanley-controlled entities purchased multiple small parcels of West African Resources shares on 29 January 2026 before ceasing to be a substantial holder in the company. The divestment notice signals a reshuffling of major investors on West African Resources’ register, implying reduced influence from the Japanese banking group and potentially opening space for other institutional holders to shape funding and strategic decisions as the miner advances its Burkina Faso operations.
The most recent analyst rating on (AU:WAF) stock is a Buy with a A$5.70 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 Ltd is a gold-focused miner operating in Burkina Faso, producing and developing open-pit and underground projects aimed at supplying global bullion markets.
Average Trading Volume: 11,786,149
Technical Sentiment Signal: Buy
Current Market Cap: A$3.99B
Learn more about WAF stock on TipRanks’ Stock Analysis page.