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$3.72B
Enterprise ValueAU$3.60B
Total Cash (Recent Filing)AU$592.00M
Total Debt (Recent Filing)AU$453.10M
Price to Earnings (P/E)3.0
Beta0.93
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
Production Scale-up And DiversificationThe 2025 combined production exceeding 300k oz, driven by Kiaka’s successful ramp to ~95k oz, materially increases company scale and diversifies output across Sanbrado and Kiaka. Higher scale supports operating leverage, steadier annual revenue, and better ability to fund growth and sustain operations over the medium term.
Low All-in Sustaining Costs (AISC)AISC near USD 1,560/oz versus realized prices above USD 4,000/oz yields durable unit-margin buffer. Structurally low AISC enhances resilience to gold price weakness, accelerates payback on projects, supports internally funded expansion and preserves cash generation capacity across commodity cycles.
Strong Liquidity And Operating Cash GenerationHealthy quarter-level operating cash flow and a large cash/bullion position provide durable liquidity to fund capex, Toega development and debt reduction plans. This financial flexibility reduces near-term refinancing risk, supports capital projects on schedule and gives management scope to prioritize deleveraging.
Bears Say
Volatile And Inconsistent Free Cash FlowHistorical negative and variable free cash flow reflects heavy reinvestment, capex timing and working-capital swings. Persistent FCF volatility undermines ability to consistently fund growth internally, constrains distributions or buybacks, and increases reliance on external financing when scaling assets or during lower gold-price periods.
Unresolved Government Stake/royalty Discussions At KiakaActive negotiations that could increase government ownership or take materially elevate sovereign risk and alter project economics. A larger government share or higher royalties could reduce cashflow available to investors, complicate capital planning and delay returns, making long-term cash visibility and project valuation uncertain.
Power Instability And Reliance On Diesel At KiakaShort-term diesel reliance increases operating costs and management complexity, while grid instability can constrain throughput. Until HFO and grid reliability are secured, elevated fuel costs and operational interruptions can raise AISC, compress margins and risk delays in achieving steady-state production targets.
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$3.72B.
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 108 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
Outperform
1
2
3
4
5
6
7
8
9
10
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 75%
Sector Average 75%
Insider Transactions
Sold Shares
Worth AU$8.1M over
the Last 3 Months
the Last 3 Months
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
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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