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Westgold Resources
(Sydney:WGX)
Westgold Resources (WGX) vs. iShares MSCI Australia ETF (EWA)
Westgold Resources Business Overview & Revenue Model
Westgold Resources Earnings Call Summary
Westgold Resources Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.36B | 1.36B | 716.47M | 654.37M | 647.58M | 571.17M |
| Gross Profit | 234.75M | 234.75M | 156.98M | 21.65M | 25.87M | 114.99M |
| EBITDA | 498.15M | 498.15M | 279.25M | 170.22M | 34.49M | 252.37M |
| Net Income | 34.75M | 34.75M | 95.23M | 10.00M | -111.12M | 76.75M |
Balance Sheet | ||||||
| Total Assets | 3.21B | 3.21B | 1.05B | 854.94M | 869.41M | 928.24M |
| Cash, Cash Equivalents and Short-Term Investments | 240.25M | 240.25M | 236.04M | 176.41M | 182.70M | 150.68M |
| Total Debt | 147.26M | 147.26M | 54.61M | 27.49M | 42.96M | 45.08M |
| Total Liabilities | 1.24B | 1.24B | 360.70M | 256.60M | 281.64M | 320.88M |
| Stockholders Equity | 1.97B | 1.97B | 691.80M | 598.34M | 587.77M | 607.36M |
Cash Flow | ||||||
| Free Cash Flow | 63.45M | 63.44M | 78.65M | 8.89M | -26.61M | 20.14M |
| Operating Cash Flow | 357.04M | 357.04M | 351.74M | 168.43M | 179.86M | 249.14M |
| Investing Cash Flow | -352.47M | -352.47M | -265.64M | -158.07M | -201.01M | -213.81M |
| Financing Cash Flow | -112.00K | -112.00K | -26.47M | -16.65M | 53.17M | -22.22M |
Westgold Resources Technical Analysis
Westgold Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $7.95B | 10.04 | 28.58% | 1.92% | 36.34% | 110.55% | |
76 Outperform | AU$5.86B | 24.81 | 13.09% | ― | 130.98% | ― | |
73 Outperform | AU$4.16B | 47.23 | 14.25% | ― | 17.59% | 0.98% | |
70 Outperform | $5.97B | 164.16 | 2.43% | 0.46% | 89.86% | -81.65% | |
67 Neutral | AU$3.78B | 11.41 | 26.84% | ― | 23.87% | 92.57% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
Westgold Resources Corporate Events
Alicanto Minerals Limited, operating in the gold mining industry, has announced the acquisition of the Mt Henry Gold Project from Westgold Resources Limited. The project, located in the prolific Norseman–Kalgoorlie greenstone belt in Western Australia, offers a substantial mineral resource of 0.9 million ounces and significant growth potential due to its open mineralization and the current high gold prices. Alicanto plans an aggressive 50,000-meter drilling campaign to expand the resource and explore new targets, with Westgold becoming a 19.9% shareholder, reflecting their confidence in the project’s potential.
The most recent analyst rating on (AU:WGX) stock is a Buy with a A$7.80 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.
Westgold Resources Limited has entered into a binding Asset Sale Agreement with Alicanto Minerals Limited to divest the Mt Henry-Selene Gold Project for $64.6 million. This divestment is part of Westgold’s strategy to focus on its larger, core operating assets, providing shareholders with a mix of cash and strategic shareholding in Alicanto. The transaction includes deferred considerations tied to specific project milestones, potentially unlocking further value for stakeholders.
The most recent analyst rating on (AU:WGX) stock is a Buy with a A$7.80 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.
Westgold Resources Limited is set to demerge its non-core assets, the Reedy and Comet Projects, to form a new standalone company, Valiant Gold Limited, which will be listed on the ASX. This strategic move aims to unlock value from smaller assets and provide a fast track to cash flow through an Ore Purchase Agreement with Westgold, allowing Valiant to focus on exploration and development while Westgold retains a significant equity stake, ensuring continued benefit from future successes.
The most recent analyst rating on (AU:WGX) stock is a Buy with a A$7.80 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.
Westgold Resources Limited has recommenced mining at the historic Great Fingall Mine near Cue, Western Australia, marking a significant milestone in its operations. The revitalization of this iconic mine, which historically produced over 1.2 million ounces of gold, is expected to enhance Westgold’s production capacity by contributing high-grade ore to its Cue processing hub, alongside the output from the Big Bell mine. This strategic move is set to strengthen the company’s operational capabilities and create lasting value for shareholders, with an anticipated steady-state production by 2027.
The most recent analyst rating on (AU:WGX) stock is a Buy with a A$8.00 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.
Westgold Resources Limited has announced an update regarding its ongoing share buy-back program. As of December 10, 2025, the company has repurchased a total of 77,901 ordinary fully paid securities, with 52,901 bought back on the previous day alone. This buy-back initiative is part of Westgold’s strategy to manage its capital structure and potentially enhance shareholder value. The announcement reflects the company’s active approach in maintaining its market position and optimizing its financial operations.
The most recent analyst rating on (AU:WGX) stock is a Buy with a A$8.00 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.
Westgold Resources Limited has announced a change in the director’s interest notice, specifically regarding Wayne Bramwell’s indirect interest through his spouse, Lisa Michelle Johnston. The change involves the issuance of 500,000 MD Performance Rights expiring on June 30, 2030, as part of the company’s Employee Awards Plan, which was approved at the Annual General Meeting. This move reflects the company’s ongoing efforts to align management incentives with shareholder interests and could potentially impact the company’s future performance and stakeholder confidence.
The most recent analyst rating on (AU:WGX) stock is a Buy with a A$7.40 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.
Westgold Resources Limited announced the issuance of unquoted equity securities in the form of performance rights, totaling 1,034,903 units, which are set to expire on June 30, 2030. This move is part of an employee incentive scheme and reflects the company’s strategic efforts to enhance employee engagement and align their interests with the company’s long-term goals.
The most recent analyst rating on (AU:WGX) stock is a Buy with a A$7.40 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.
At its Annual General Meeting, Westgold Resources Limited announced that all resolutions were carried by a poll, except for Resolution 7 regarding potential benefits to Mr. Wayne Bramwell, which was not passed. This outcome reflects shareholder sentiment and could impact the company’s governance and compensation strategies.
The most recent analyst rating on (AU:WGX) stock is a Buy with a A$6.50 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.
Westgold Resources Limited has released a presentation dated November 21, 2025, which serves as an informational document rather than an offer for securities. The presentation highlights the company’s current activities and market conditions, emphasizing that it does not constitute investment advice. Stakeholders are advised to independently assess the information, as it includes forward-looking statements that are subject to various risks and uncertainties.
The most recent analyst rating on (AU:WGX) stock is a Buy with a A$6.50 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.
Westgold Resources Limited announced a change in the director’s interest, with Hon. Cheryl Edwardes AO acquiring 3,992 fully paid ordinary shares through an on-market trade, increasing her total holdings to 22,005 shares. This transaction, executed at $5.00 per share, reflects a strategic move within the company’s leadership, potentially impacting stakeholder confidence and market perception of the company’s governance and future direction.
The most recent analyst rating on (AU:WGX) stock is a Buy with a A$6.60 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.
Westgold Resources Limited has announced a daily update regarding its on-market buy-back program, with a total of 25,000 ordinary fully paid securities bought back on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:WGX) stock is a Buy with a A$7.40 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.
Westgold Resources Limited has announced a change in its registered office and principal place of business to Level 13, 200 St Georges Terrace, Perth, Western Australia. This strategic move is part of the company’s ongoing efforts to streamline operations and enhance its corporate presence, potentially impacting its operational efficiency and stakeholder engagement.
The most recent analyst rating on (AU:WGX) stock is a Buy with a A$7.40 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.
Westgold Resources Limited announced that it will release its September 2025 Quarterly Report on October 28, 2025. The company’s executive team, including the Managing Director & CEO, CFO, and COO, will present the results via a webcast, followed by a Q&A session, providing stakeholders with insights into the company’s recent performance and future outlook.
The most recent analyst rating on (AU:WGX) stock is a Buy with a A$7.40 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.
Westgold Resources Limited has released its Annual Report for 2025, highlighting its position as a top gold producer in Australia. The report outlines the company’s financial results, annual outputs, corporate activities, and operational details, showcasing its strategic focus on expanding its mining operations and processing capabilities in key gold-producing regions. This announcement reinforces Westgold’s strong industry positioning and commitment to growth, which is likely to have positive implications for its stakeholders.
The most recent analyst rating on (AU:WGX) stock is a Buy with a A$7.40 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.
Westgold Resources Limited has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement confirms that the company has adhered to the ASX Corporate Governance Council’s recommendations throughout the reporting period, ensuring transparency and accountability in its management practices. This announcement underscores Westgold’s commitment to maintaining high standards of corporate governance, which is crucial for investor confidence and the company’s reputation in the industry.
The most recent analyst rating on (AU:WGX) stock is a Buy with a A$7.40 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.
Westgold Resources Limited has announced its upcoming Annual General Meeting, scheduled for November 21, 2025, at the Conference Centre in Perth, Western Australia. The agenda includes reviewing the company’s financial report for the year ended June 30, 2025, and voting on resolutions such as adopting the Remuneration Report and re-electing Cheryl Edwardes AO as a Director. The outcomes of these resolutions could influence the company’s governance and compensation strategies, impacting shareholder satisfaction and corporate policy.
The most recent analyst rating on (AU:WGX) stock is a Buy with a A$7.40 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.
Westgold Resources Limited has updated its NI 43-101 compliant technical reports for several of its gold operations in Western Australia, including Beta Hunt, Higginsville, Meekatharra, Fortnum, and Cue. These updates are in line with the company’s previous mineral resource estimates and ore reserves announcement, with no material differences noted. The reports were prepared by qualified persons within the company, ensuring compliance with regulatory standards, and are available on the company’s website and SEDAR+.
The most recent analyst rating on (AU:WGX) stock is a Buy with a A$7.40 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.
Westgold Resources Limited has released its mineral resource and ore reserve estimates, highlighting the inherent uncertainties and subjective judgments involved in such estimations. The company emphasizes that these estimates are subject to change based on various factors, including gold price fluctuations, drilling results, and potential changes in mine plans, which could impact the economic viability and operational strategies of the company.
The most recent analyst rating on (AU:WGX) stock is a Buy with a A$5.95 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.
Westgold Resources has announced a 3-Year Outlook plan to increase its annual gold production to 470,000 ounces by FY28, while reducing all-in sustaining costs. This plan is supported by existing ore reserves and processing hubs, and is fully funded by the company’s balance sheet and forecast cash flow. The strategy includes expanding processing capacity at key sites and optimizing operations to enhance margins, with potential growth opportunities being explored but not yet included in the current plan.
The most recent analyst rating on (AU:WGX) stock is a Buy with a A$5.95 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.