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West African Resources Ltd ( (AU:WAF) ) has shared an update.
Morgan Stanley and certain subsidiaries have notified West African Resources Limited that they have ceased to be a substantial holder in the company as of 29 January 2026. The filing details a series of on-market purchases of ordinary shares by Morgan Stanley Australia Securities Limited on that date, but overall reflects a reduction in Morgan Stanley’s relevant interest to below the substantial holding threshold, signalling a shift in the company’s institutional shareholder base that may affect perceptions of liquidity and major investor support.
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 Limited is an Australian-listed resources company focused on the exploration, development and production of mineral assets in West Africa, with a primary emphasis on gold projects that target global investors seeking exposure to African mining opportunities.
Average Trading Volume: 11,764,049
Technical Sentiment Signal: Buy
Current Market Cap: A$4.22B
For detailed information about WAF stock, go to TipRanks’ Stock Analysis page.