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Westgold Resources (AU:WGX)
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Westgold Resources (WGX) AI Stock Analysis

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AU:WGX

Westgold Resources

(Sydney:WGX)

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Neutral 63 (OpenAI - 4o)
Rating:63Neutral
Price Target:
AU$5.50
▲(12.24% Upside)
Westgold Resources demonstrates strong financial performance with robust revenue growth and cash flow generation, contributing positively to the stock score. However, technical indicators suggest the stock is overbought, and the high P/E ratio indicates overvaluation, which are significant risks. The lack of earnings call data and corporate events limits additional insights.

Westgold Resources (WGX) vs. iShares MSCI Australia ETF (EWA)

Westgold Resources Business Overview & Revenue Model

Company DescriptionWestgold Resources (WGX) is an Australian gold mining company focused on the exploration, development, and production of gold in Western Australia. The company operates several mines, including the Meekatharra and Cue gold projects, and is involved in both underground and open-pit mining operations. Westgold is committed to sustainable practices and aims to maximize shareholder value through the efficient extraction and processing of gold resources.
How the Company Makes MoneyWestgold Resources generates revenue primarily through the sale of gold. The company extracts gold from its mining operations and processes it to produce gold doré, which is then sold to refineries. Key revenue streams include gold production from its various mining assets, as well as potential revenue from by-products such as copper and silver. Additionally, Westgold may benefit from strategic partnerships with other mining companies and entities that provide access to technology and resources, enhancing operational efficiency and reducing costs. Fluctuations in gold prices also significantly impact the company's earnings, as higher gold prices can lead to increased revenues from sales.

Westgold Resources Earnings Call Summary

Earnings Call Date:Aug 28, 2025
(Q3-2025)
|
% Change Since: |
Next Earnings Date:Nov 14, 2025
Earnings Call Sentiment Positive
The earnings call showcased strong financial performance with record cash build, safety improvements, and a solid liquidity position. However, challenges in the Murchison operations and increased temporary costs were noted. Overall, the company remains optimistic about future growth and cost reduction initiatives.
Q3-2025 Updates
Positive Updates
Record Operational Cash Build
Westgold generated a record operational cash build of $107 million before investing $74 million in growth and exploration. The company ended the quarter with a cash bullion and liquids position of $232 million, $80 million higher than the prior quarter.
Safety Improvements
The total injury frequency rate decreased by 8% to 6.27 injuries per million hours worked.
Divestment of High-Cost Mill
Westgold divested the high-cost Lakewood Mill for a total consideration of $85 million, comprising $70 million in cash and $15 million in script.
Consistent Gold Production and Revenue
Westgold produced 80,107 ounces of gold at an all-in sustaining cost of $29 per ounce, generating $363 million in revenue at a realized price of $4,630 per ounce.
Positive Financial Position
Westgold closed the quarter with $482 million of available liquidity, including $232 million in cash bullion and liquid investments and $250 million of undrawn capacity in the corporate facility.
Notable Exploration Achievements
The Fletcher zone within Beta Hunt is progressing well, and the company is on track to produce a maiden resource for Fletcher during the quarter.
Cost Reduction Initiatives
Southern Goldfields saw a reduction in all-in sustaining costs, and the company continues to target further cost reductions across operations.
Negative Updates
Underperformance at Murchison
The Murchison operations underperformed predominantly due to lower output at the Fortnum project, with issues such as illness in the workforce and lower haulage fleet availability.
Increased Temporary Costs
Quarter-on-quarter costs increased due to higher stockpile consumption, sustaining capital, and haulage costs. However, these are deemed temporary.
Slow Ramp-up at Bluebird
The ramp-up at Bluebird is slower than expected, but the company is optimistic about future performance once accesses are completed.
Company Guidance
In the third quarter of fiscal year 2025, Westgold Resources maintained consistent gold production with 80,107 ounces, achieving a revenue of $363 million at a realized price of $4,630 per ounce. The company reported a record operational cash build of $107 million before investing $74 million in growth and exploration. Despite a temporary increase in costs, Westgold sustained an impressive all-in sustaining cost margin of $1,800 per ounce, with costs amounting to $29 per ounce. The company's financial position was robust, ending the quarter with $232 million in cash, bullion, and liquid investments, marking an $80 million increase from the previous quarter. Westgold also secured $482 million in available liquidity, considering the undrawn capacity of its corporate facility. The quarter saw strategic divestments, including the sale of the high-cost Lakewood Mill for $85 million, comprising $70 million in cash and $15 million in script. Additionally, the company's total injury frequency rate dropped by 8% to 6.27 injuries per million hours worked, underscoring their commitment to safety. Looking ahead, Westgold reaffirmed its fiscal year 2025 guidance, anticipating significant production increases in Q4 from key projects like Beta Hunt and Bluebird-South Junction, while also working on infrastructure upgrades to enhance productivity and cost-efficiency.

Westgold Resources Financial Statement Overview

Summary
Westgold Resources exhibits strong financial health with robust revenue growth and solid cash flow generation. The company maintains a stable balance sheet with low leverage, although there is room for improvement in profitability metrics. Overall, the financial statements reflect a well-managed company with a positive growth trajectory and strong operational performance.
Income Statement
75
Positive
Westgold Resources shows strong revenue growth with a 39.19% increase in the latest year, indicating robust sales performance. The gross profit margin improved to 17.25%, reflecting better cost management. However, the net profit margin decreased to 2.56%, suggesting challenges in controlling expenses or other operational inefficiencies. The EBIT and EBITDA margins are healthy at 16.71% and 36.62%, respectively, indicating solid operational performance.
Balance Sheet
80
Positive
The company maintains a strong balance sheet with a low debt-to-equity ratio of 0.075, indicating prudent financial leverage. The return on equity is modest at 1.76%, suggesting room for improvement in generating returns for shareholders. The equity ratio stands at 61.45%, highlighting a stable financial structure with significant equity backing.
Cash Flow
85
Very Positive
Westgold Resources demonstrates impressive cash flow performance with a significant free cash flow growth rate of 3816.03%, indicating strong cash generation capabilities. The operating cash flow to net income ratio is robust at 10.27, reflecting efficient cash conversion. The free cash flow to net income ratio is 1.83, suggesting effective cash management and potential for reinvestment or debt reduction.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.36B1.36B716.47M654.37M647.58M571.17M
Gross Profit234.75M234.75M156.98M21.65M25.87M114.99M
EBITDA498.15M498.15M279.25M170.22M34.49M252.37M
Net Income34.75M34.75M95.23M10.00M-111.12M76.75M
Balance Sheet
Total Assets3.21B3.21B1.05B854.94M869.41M928.24M
Cash, Cash Equivalents and Short-Term Investments240.25M240.25M236.04M176.41M182.70M150.68M
Total Debt147.26M147.26M54.61M27.49M42.96M45.08M
Total Liabilities1.24B1.24B360.70M256.60M281.64M320.88M
Stockholders Equity1.97B1.97B691.80M598.34M587.77M607.36M
Cash Flow
Free Cash Flow63.45M63.44M78.65M8.89M-26.61M20.14M
Operating Cash Flow357.04M357.04M351.74M168.43M179.86M249.14M
Investing Cash Flow-352.47M-352.47M-265.64M-158.07M-201.01M-213.81M
Financing Cash Flow-112.00K-112.00K-26.47M-16.65M53.17M-22.22M

Westgold Resources Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price4.90
Price Trends
50DMA
4.43
Positive
100DMA
3.64
Positive
200DMA
3.18
Positive
Market Momentum
MACD
0.21
Positive
RSI
46.61
Neutral
STOCH
25.88
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WGX, the sentiment is Neutral. The current price of 4.9 is below the 20-day moving average (MA) of 5.41, above the 50-day MA of 4.43, and above the 200-day MA of 3.18, indicating a neutral trend. The MACD of 0.21 indicates Positive momentum. The RSI at 46.61 is Neutral, neither overbought nor oversold. The STOCH value of 25.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:WGX.

Westgold Resources Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
$6.12B7.7328.58%2.52%36.34%110.55%
$3.47B10.4826.84%23.87%92.57%
AU$5.33B22.5613.09%130.98%
$2.96B33.5814.25%17.59%0.98%
$4.63B127.272.43%0.61%89.86%-81.65%
$10.43B7.12-0.05%2.87%2.86%-36.73%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:WGX
Westgold Resources
4.90
1.70
52.93%
AU:WAF
West African Resources Ltd
3.04
1.22
67.03%
AU:EMR
Emerald Resources NL
4.48
0.29
6.92%
AU:RMS
Ramelius Resources Limited
3.18
0.90
39.72%
AU:VAU
Vault Minerals Limited
0.69
0.30
76.92%

Westgold Resources Corporate Events

Westgold Resources Releases Q4 FY25 Results
Jul 22, 2025

Westgold Resources Limited has released its Q4 FY25 quarterly results, highlighting the company’s ongoing operations and performance. The presentation emphasizes that the information provided is for informational purposes only and not an offer or solicitation for investment. The release also includes disclaimers about forward-looking statements, noting the inherent risks and uncertainties in the mining industry that could impact future performance.

The most recent analyst rating on (AU:WGX) stock is a Buy with a A$3.20 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.

Westgold Resources Achieves Record Q4 FY25 Results and Positions for Future Growth
Jul 22, 2025

Westgold Resources reported record results for Q4 FY25 with a treasury build of $132 million and full-year gold production of 326,384 ounces. The company achieved significant operational improvements, including a 10% improvement in safety performance and increased mine productivity. Key developments included the commencement of mining at Great Fingall Flats, a maiden mineral resource estimate at the Fletcher Zone, and a new contract awarded to Barminco. These advancements position Westgold for enhanced cash flows and growth in FY26.

The most recent analyst rating on (AU:WGX) stock is a Buy with a A$3.20 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.

Westgold Resources to Release June 2025 Quarterly Report
Jul 20, 2025

Westgold Resources Limited announced that it will release its June 2025 Quarterly Report on July 23, 2025. The company’s top executives, including the Managing Director & CEO, CFO, and COO, will present the results via a webcast, followed by a Q&A session. This update is crucial for stakeholders as it provides insights into the company’s financial performance and strategic direction.

The most recent analyst rating on (AU:WGX) stock is a Buy with a A$3.20 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.

Westgold Resources Announces Cessation of Performance Rights
Jul 18, 2025

Westgold Resources Limited announced the cessation of 295,566 performance rights due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This development may impact the company’s capital structure and could have implications for stakeholders regarding the company’s performance targets and incentives.

The most recent analyst rating on (AU:WGX) stock is a Buy with a A$3.20 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.

Westgold Resources Announces Quotation of New Securities
Jul 18, 2025

Westgold Resources Limited has announced the quotation of 429,271 ordinary fully paid securities on the Australian Securities Exchange, effective from July 16, 2025. This move follows the exercise of options or conversion of other convertible securities, potentially enhancing the company’s market liquidity and investor appeal.

The most recent analyst rating on (AU:WGX) stock is a Buy with a A$3.20 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.

Mitsubishi UFJ Financial Group Ceases to be Substantial Holder in Westgold Resources
Jul 14, 2025

Westgold Resources Limited has announced that Mitsubishi UFJ Financial Group, Inc. has ceased to be a substantial holder in the company. This change is due to the purchase of securities by entities controlled by First Sentier Group Limited and Morgan Stanley, which affected the voting securities held by Mitsubishi UFJ Financial Group, Inc. This development may impact the company’s shareholder structure and influence its market dynamics.

The most recent analyst rating on (AU:WGX) stock is a Buy with a A$3.20 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.

First Sentier Investors Ceases Substantial Holding in Westgold Resources
Jul 11, 2025

Westgold Resources Ltd has announced that First Sentier Investors (Australia) IM Ltd has ceased to be a substantial holder in the company as of July 9, 2025. This change in substantial holding may impact Westgold Resources’ shareholder structure and could have implications for its market positioning and investor relations.

The most recent analyst rating on (AU:WGX) stock is a Buy with a A$2.90 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.

Mitsubishi UFJ Becomes Substantial Holder in Westgold Resources
Jul 11, 2025

Mitsubishi UFJ Financial Group, Inc. has become a substantial holder in Westgold Resources Limited, with significant voting power through its interests in Morgan Stanley and First Sentier Group Limited. This development indicates Mitsubishi UFJ’s strategic positioning in the market, potentially impacting Westgold’s shareholder dynamics and influencing future corporate decisions.

The most recent analyst rating on (AU:WGX) stock is a Buy with a A$3.20 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.

Mitsubishi UFJ Financial Group Becomes Substantial Holder in Westgold Resources
Jul 10, 2025

Mitsubishi UFJ Financial Group, through its wholly-owned subsidiary First Sentier Group Limited, has become a substantial holder in Westgold Resources Ltd. This development indicates a significant investment and interest in Westgold Resources, potentially impacting its market operations and strategic positioning.

The most recent analyst rating on (AU:WGX) stock is a Buy with a A$3.70 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.

First Sentier Corrects Filing on Westgold Resources Interest
Jul 10, 2025

First Sentier Group Limited, part of the global financial group MUFG, announced a correction regarding its previous filing related to Westgold Resources Limited (WGX). The company clarified that it did not have a notifiable interest in WGX as previously reported, which could impact stakeholders’ perceptions and regulatory compliance.

The most recent analyst rating on (AU:WGX) stock is a Buy with a A$2.90 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.

Westgold Resources Announces Substantial Shareholder Change
Jul 9, 2025

Westgold Resources Ltd has announced a significant change in its shareholder structure, with Mitsubishi UFJ Financial Group, Inc. (MUFG) now holding a substantial interest. This development indicates a strategic investment move by MUFG, potentially impacting Westgold’s market positioning and shareholder dynamics.

The most recent analyst rating on (AU:WGX) stock is a Buy with a A$2.90 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.

Westgold Resources Director Acquires Shares, Signaling Confidence
Jul 3, 2025

Westgold Resources Limited announced a change in the interest of its director, Gary Davison, who has acquired 34,350 fully paid ordinary shares through an on-market trade. This acquisition reflects a strategic move within the company, potentially impacting its governance and signaling confidence in the company’s future prospects.

The most recent analyst rating on (AU:WGX) stock is a Buy with a A$2.90 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.

Westgold Resources Unveils Significant Gold Resource at Beta Hunt’s Fletcher Zone
Jun 22, 2025

Westgold Resources Limited has announced a maiden Mineral Resource Estimate (MRE) for the Fletcher Zone at the Beta Hunt mine, revealing a significant 2.3 million ounces of gold. This development nearly doubles the existing Beta Hunt Resource and highlights the growth potential of the mine. The Fletcher Zone’s mineralization extends over a 2 km strike length and remains open at depth, offering substantial opportunities for future resource extensions. The company is planning further drilling to upgrade the current resource and target a maiden Ore Reserve by FY26, indicating a transformative opportunity to expand Beta Hunt’s outputs and extend its mine life beyond ten years.

The most recent analyst rating on (AU:WGX) stock is a Buy with a A$2.80 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.

Westgold Resources Appoints New Director with No Current Holdings
May 29, 2025

Westgold Resources Limited announced the appointment of Ivan Mullany as a director, effective May 29, 2025. The release indicates that Mullany currently holds no securities or interests in contracts related to the company, suggesting a fresh perspective in the board’s strategic planning without existing financial ties.

The most recent analyst rating on (AU:WGX) stock is a Buy with a A$2.80 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.

Westgold Resources Strengthens Board with New Appointment
May 29, 2025

Westgold Resources Limited has appointed Ivan Mullany as an Independent Non-Executive Director to its Board. With over 35 years of experience in mining project management, Mullany’s expertise is expected to strengthen Westgold’s strategic planning and operational excellence, benefiting the company’s productivity and financial performance.

The most recent analyst rating on (AU:WGX) stock is a Buy with a A$2.80 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.

Westgold Resources Dismisses Murchison Activity Speculation
May 26, 2025

Westgold Resources Limited has addressed recent media speculation about potential corporate activity in the Murchison area, stating there is no basis for such speculation. The company confirms its compliance with ASX Listing Rule 3.1, emphasizing its commitment to continuous disclosure, which reassures stakeholders about its operational transparency and stability.

The most recent analyst rating on (AU:WGX) stock is a Buy with a A$2.80 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.

Westgold Resources Director Increases Shareholding
May 23, 2025

Westgold Resources Limited announced a change in the director’s interest, with Director David Kelly acquiring an additional 10,000 fully paid ordinary shares, bringing his total to 20,000 shares. This acquisition, conducted through an on-market trade at $2.745 per share, reflects a strategic move that could indicate confidence in the company’s future performance, potentially impacting shareholder perceptions and market positioning.

The most recent analyst rating on (AU:WGX) stock is a Buy with a A$2.80 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.

Westgold Resources Releases Interim Financial Report for March 2025
May 12, 2025

Westgold Resources Limited has released its unaudited interim financial report for the three and nine months ending March 31, 2025. The report provides insights into the company’s financial performance and operational status, which are crucial for stakeholders to assess the company’s market positioning and future prospects in the gold mining industry.

The most recent analyst rating on (AU:WGX) stock is a Buy with a A$2.80 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.

Westgold Resources Reports Q3 FY25 Performance and Strategic Initiatives
May 12, 2025

Westgold Resources, a company in the gold mining industry, has released its management discussion and analysis for the third quarter of fiscal year 2025. The report highlights key growth and corporate achievements, focusing on operational performance, cost management, and exploration activities. The company continues to emphasize its commitment to environmental and social governance, safety, and sustainability. The financial results indicate a stable position with ongoing investments and strategic initiatives aimed at enhancing shareholder value.

The most recent analyst rating on (AU:WGX) stock is a Buy with a A$2.80 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Oct 02, 2025