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West African Resources Ltd ( (AU:WAF) ) just unveiled an announcement.
Morgan Stanley and certain subsidiaries have notified West African Resources that they have ceased to be a substantial holder in the company as of 16 January 2026, following a series of trades in the company’s ordinary shares. The change in holding, involving multiple buy and sell transactions executed through Morgan Stanley Australia Securities Limited, alters the company’s institutional share register and may modestly shift the balance of major shareholders without directly affecting West African Resources’ underlying operations.
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 Ltd is an ASX-listed resources company focused on the exploration and development of mineral assets in West Africa, with its primary business centred on discovering and producing precious metals, particularly gold, for global markets.
Average Trading Volume: 11,824,402
Technical Sentiment Signal: Buy
Current Market Cap: A$3.91B
Find detailed analytics on WAF stock on TipRanks’ Stock Analysis page.