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Westgold Resources ( (AU:WGX) ) has provided an update.
Westgold Resources Limited announced record financial results for FY25, with a 90% increase in revenue to $1,360 million and an 84% rise in adjusted EBITDA to $498 million, despite a decrease in net profit due to one-off transaction costs. The company’s strategic acquisition of Southern Goldfields contributed significantly to its record gold production of 326,000 ounces, supporting a robust financial performance and enabling increased dividends and a potential share buy-back program.
The most recent analyst rating on (AU:WGX) stock is a Buy with a A$5.25 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.
More about Westgold Resources
Westgold Resources Limited operates in the mining industry, focusing primarily on gold production. The company has a significant presence in Western Australia and has expanded its portfolio through strategic acquisitions, such as the Southern Goldfields assets, enhancing its operational scale and market position.
Average Trading Volume: 5,254,558
Technical Sentiment Signal: Buy
Current Market Cap: A$3.1B
For a thorough assessment of WGX stock, go to TipRanks’ Stock Analysis page.