West African Resources Ltd (AU:WAF)
ASX:WAF
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WAF Stock Chart & Stats
AU$3.44
AU$0.04(2.26%)
At close: 4:00 PM EST
AU$3.44
AU$0.04(2.26%)
Day’s Range― - ―
52-Week RangeAU$2.11 - AU$3.97
Previous CloseN/A
Volume2.37M
Average Volume (3M)9.26M
Market Cap
AU$3.33B
Enterprise ValueAU$3.30B
Total Cash (Recent Filing)AU$592.00M
Total Debt (Recent Filing)AU$453.10M
Price to Earnings (P/E)3.0
Beta0.90
Next Earnings
Aug 31, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.41
Shares Outstanding1,143,562,600
10 Day Avg. Volume9,733,267
30 Day Avg. Volume9,255,588
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)1.99
Price to Sales (P/S)2.23
P/FCF Ratio11.25
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$5.50Price Target Upside59.88% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.91
Revenue Forecast (FY)AU$3.13B
Bulls Say, Bears Say
Bulls Say
Scaleable Production BaseAchieving >300k oz pa with two operating mines establishes a meaningful production base that supports long‑term revenue stability. Kiaka's successful ramp materially expands supply diversity and reduces single‑asset risk, underpinning cash flow capacity and financing optionality over multi‑year plans.
Strong Margin Profile (Low AISC)AISC materially below realized prices creates durable operating margins across commodity cycles. Persistent low unit costs increase resilience to gold price volatility, free up cash for reinvestment or debt reduction, and support profitability sustainability as production scales and new projects reach steady state.
Improved Liquidity And Balance Sheet BuildStrong operating cash generation and a sizable cash/bullion buffer have materially strengthened liquidity and equity, lowering short‑term funding risk. This balance sheet improvement supports capital projects, debt reduction plans and strategic optionality, reducing reliance on external financing in the medium term.
Bears Say
Volatile Free Cash FlowInconsistent free cash flow reflects heavy reinvestment and working‑capital swings, undermining predictability of internal funding for growth or shareholder returns. Over cycles this variability can constrain deleveraging, force opportunistic financing, and raise execution risk on multi‑year capital programs.
Sovereign/Political Risk At KiakaUncertain government demands on ownership and royalties create material policy risk that can alter project economics and future cashflow allocation. Protracted negotiations or unfavorable outcomes could reduce shareholder returns, delay investments, and increase operating uncertainty in a jurisdictionally concentrated portfolio.
Power Reliability And Fuel Cost ExposureIntermittent grid supply and interim diesel dependence raise operating complexity and recurring fuel costs. The need for capital to install HFO and manage fuel logistics increases project costs and operational risk; prolonged power constraints can squeeze margins and impede steady throughput growth.
West African Resources Ltd News
WAF FAQ
What was West African Resources Ltd’s price range in the past 12 months?
West African Resources Ltd lowest share price was AU$2.10 and its highest was AU$3.97 in the past 12 months.
What is West African Resources Ltd’s market cap?
West African Resources Ltd’s market cap is AU$3.33B.
When is West African Resources Ltd’s upcoming earnings report date?
West African Resources Ltd’s upcoming earnings report date is Aug 31, 2026 which is in 102 days.
How were West African Resources Ltd’s earnings last quarter?
West African Resources Ltd released its earnings results on Mar 16, 2026. The company reported AU$0.253 earnings per share for the quarter, beating the consensus estimate of N/A by AU$0.253.
Is West African Resources Ltd overvalued?
According to Wall Street analysts West African Resources Ltd’s price is currently Undervalued.
Does West African Resources Ltd pay dividends?
West African Resources Ltd does not currently pay dividends.
What is West African Resources Ltd’s EPS estimate?
West African Resources Ltd’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does West African Resources Ltd have?
West African Resources Ltd has 1,143,562,600 shares outstanding.
What happened to West African Resources Ltd’s price movement after its last earnings report?
West African Resources Ltd reported an EPS of AU$0.253 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went up 5.755%.
Which hedge fund is a major shareholder of West African Resources Ltd?
Currently, no hedge funds are holding shares in AU:WAF
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
West African Resources Ltd Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
AU$5.50 (59.88% Upside)
AU$5.50 (59.88% Upside)
Blogger Sentiment
Bullish
AU:WAF Sentiment 77%
Sector Average ―
Sector Average ―
Insider Transactions
Sold Shares
Worth AU$8.1M over
the Last 3 Months
the Last 3 Months
Technicals
SMA
Negative
20 days / 200 days
Momentum
87.30%
12-Months-Change
Fundamentals
Return on Equity
42.00%
Trailing 12-Months
Asset Growth
48.14%
Trailing 12-Months
Company Description
West African Resources Ltd
West African Resources Limited engages in the acquisition, exploration, and development of gold projects in West Africa. The company has 90% interests in the Sanbrado Gold Project covering an area of 116 square kilometers located in Burkina Faso; and Kiaka gold project located in Burkina Faso. It also holds 100% exploration license in the Toega Gold Project located in Burkina Faso. West African Resources Limited was incorporated in 2006 and is based in Subiaco, Australia.
WAF Stock 12 Month Forecast
Average Price Target
AU$5.50
▲(59.88% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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