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Westgold Resources initiated with a Buy at Goldman Sachs

Goldman Sachs initiated coverage of Westgold Resources (WGXRF) with a Buy rating and A$3.50 price target as the firm began coverage of six Australian gold miners benefiting from this gold equities cycle. With gold price volatility in focus, the firm assesses its expanded gold coverage in relative baskets on gold price leverage/size, the analyst noted.

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