Westgold Resources (WGX) AI Stock Analysis

• Market Cap: $5.43B
• Dividend Yield: 0.53%
• Average Volume (3M): 3.19M
• Price to Earnings (P/E): 149.3
• Beta (1Y): 1.07
• Revenue Growth: 89.86%
• EPS Growth: -81.65%
• Country: AU
• Employees: 1,071
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): N/A
• Shares Outstanding: 944,831,540
• 10 Day Avg. Volume: 2,560,895
• 30 Day Avg. Volume: 3,191,568
• PEG Ratio: -0.93
• Price to Book (P/B): 1.33
• Price to Sales (P/S): 1.92
• P/FCF Ratio: 41.26
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: $6.78
• Price Target Upside: 14.78% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: AU$6.50 ▲(9.98% Upside)

Westgold Resources demonstrates strong financial performance with robust revenue growth and cash flow generation, contributing significantly to the overall score. Technical indicators show bullish momentum, although caution is advised due to overbought signals. The high P/E ratio suggests overvaluation, which negatively impacts the score. The absence of earnings call and corporate events data means these factors do not influence the score.

Positive Factors

Revenue Growth

The significant revenue growth indicates robust sales performance and expanding market presence, supporting long-term business sustainability.

Cash Flow Generation

Strong cash flow generation enhances financial flexibility, allowing for reinvestment in operations, debt reduction, or strategic acquisitions.

Balance Sheet Health

A strong balance sheet with low leverage reduces financial risk, providing stability and capacity to withstand economic fluctuations.

Negative Factors

Profitability Challenges

Declining net profit margins indicate potential operational inefficiencies, which could impact long-term profitability if not addressed.

Earnings Volatility

High earnings volatility can create uncertainty for investors and may affect the company's ability to plan and invest for the future.

Return on Equity

Low return on equity indicates inefficient use of shareholder capital, potentially limiting investor returns and affecting company valuation.

Westgold Resources Business Overview & Revenue Model

Company Description

Westgold Resources Limited engages in the exploration, operation, development, mining, and treatment of gold assets primarily in Western Australia. The company's assets include Bryah Operations, Murchison Operations, Meekatharra Gold Operations, and Cue Gold Operations that comprise approximately 350 mining titles covering 1,300 square kilometers in the Central Murchison region. It also provides contract mining services. Westgold Resources Limited is based in Perth, Australia.

How the Company Makes Money

Westgold 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 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

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

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

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.

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

• Technical Analysis Sentiment: Positive
• Last Price: 5.91
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WGX, the sentiment is Positive. The current price of 5.91 is above the 20-day moving average (MA) of 5.83, above the 50-day MA of 5.59, and above the 200-day MA of 3.67, indicating a bullish trend. The MACD of 0.11 indicates Positive momentum. The RSI at 55.54 is Neutral, neither overbought nor oversold. The STOCH value of 17.58 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:WGX.

Westgold Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RMS	76 Outperform	$6.74B	8.51	28.58%	2.37%	36.34%	110.55%
VAU	76 Outperform	AU$4.82B	20.40	13.09%	―	130.98%	―
EMR	73 Outperform	$3.53B	40.48	14.25%	―	17.59%	0.98%
WGX	70 Outperform	$5.43B	149.35	2.43%	0.53%	89.86%	-81.65%
WAF	67 Neutral	AU$3.15B	9.44	26.84%	―	23.87%	92.57%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Westgold Resources Corporate Events

Westgold Resources Announces Director’s Interest Change

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.

Westgold Resources Issues New Performance Rights as Part of Employee Incentive Scheme

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.

Westgold Resources AGM Results: Key Resolutions Passed

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.

Westgold Resources Releases Informational Presentation

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.

Westgold Resources Director Increases Shareholding

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.

Westgold Resources Announces Daily Buy-Back Update

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.

Westgold Resources Relocates Principal Office to Enhance Operations

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.

Westgold Resources to Present September 2025 Quarterly Report

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.

Westgold Resources Releases 2025 Annual Report Highlighting Growth and Industry Positioning

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.

Westgold Resources Releases 2025 Corporate Governance Statement

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.

Westgold Resources Announces 2025 AGM Agenda

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.

Westgold Updates Technical Reports for Western Australia Gold Operations

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+.

Westgold Resources Releases Mineral Resource and Ore Reserve Estimates

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.

Westgold Resources Unveils Ambitious 3-Year Growth Plan

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.

Westgold Resources Releases Investor Presentation Highlighting Strategic Direction

Westgold Resources Limited has released an investor presentation dated 15 September 2025, which provides a summary of the company’s current activities and strategic direction. The presentation is intended for informational purposes and does not constitute an offer for securities. It includes forward-looking statements that reflect management’s expectations but warns of potential risks and uncertainties that could impact future performance.

New Murchison Gold Begins Production at Crown Prince Mine

New Murchison Gold Limited has commenced production at the Crown Prince Gold Mine, marking its transition from an explorer to a gold producer. The first batch of gold-bearing ore is being processed at Westgold Resources’ facility, with plans to ramp up production to 40,000 tonnes per month. This collaboration with Westgold highlights a capital-efficient model for cooperation between major mining companies and junior explorers, enhancing NMG’s industry positioning and growth potential.