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Westgold Resources
(OTC: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 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 716.47M | 654.37M | 647.58M | 571.17M | 492.27M |
| Gross Profit | 156.98M | 21.65M | 25.87M | 114.99M | 28.04M |
| EBITDA | 279.25M | 170.22M | 34.49M | 252.37M | 184.89M |
| Net Income | 95.23M | 10.00M | -111.12M | 76.75M | 34.61M |
Balance Sheet | |||||
| Total Assets | 1.05B | 854.94M | 869.41M | 928.24M | 796.18M |
| Cash, Cash Equivalents and Short-Term Investments | 236.04M | 176.41M | 182.70M | 150.68M | 138.71M |
| Total Debt | 54.61M | 27.49M | 42.96M | 45.08M | 37.83M |
| Total Liabilities | 360.70M | 256.60M | 281.64M | 320.88M | 274.31M |
| Stockholders Equity | 691.80M | 598.34M | 587.77M | 607.36M | 521.86M |
Cash Flow | |||||
| Free Cash Flow | 78.65M | 8.89M | -26.61M | 20.14M | -22.71M |
| Operating Cash Flow | 351.74M | 168.43M | 179.86M | 249.14M | 155.73M |
| Investing Cash Flow | -265.64M | -158.07M | -201.01M | -213.81M | -122.28M |
| Financing Cash Flow | -26.47M | -16.65M | 53.17M | -22.22M | 36.92M |
Westgold Resources Technical Analysis
Westgold Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | AU$5.14B | 8.81 | 26.42% | 2.97% | 54.37% | 310.22% | |
73 Outperform | AU$2.82B | 11.92 | 21.73% | ― | 9.95% | 44.59% | |
65 Neutral | AU$2.49B | 32.62 | 1.93% | 0.49% | 39.13% | -42.09% | |
63 Neutral | AU$2.28B | 23.80 | 18.72% | ― | 25.93% | -2.18% | |
63 Neutral | AU$2.72B | 52.63 | 7.58% | ― | 85.82% | -47.59% | |
44 Neutral | AU$1.46B | -5.90 | -41.17% | 4.22% | -3.35% | -41.14% |
Westgold Resources Corporate Events
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 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 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 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 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.
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.
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 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, 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 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 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 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 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 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 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 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 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 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, 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.