Overview
Westgold Resources Ltd (ASX: WGX) gives Australian investors exposure to gold exploration, development and mining in Western Australia. Its recent figures show substantial revenue growth and a positive profit margin, while the share price remains below its recent moving averages and within a wide 52-week range. The company’s prospects therefore depend not just on financial performance, but also on gold-market conditions and the delivery of its mining plans.
Westgold Resources is a Perth-based gold miner with exploration, development and operating activities in Western Australia. Its Murchison and Southern Goldfields operations span 2,500 square kilometres, giving the company exposure to the gold sector through a sizeable regional portfolio. Westgold has a market capitalisation of 5.0B and reported trailing revenue of A$2.4 billion.
Key facts
- Ticker
- WGX
- Exchange
- AU
- ISIN
- AU000000WGX6
- Sector
- Basic Materials
- Industry
- Gold
- Country
- Australia
- Currency
- AUD
- Price
- A$5.15
- Previous close
- A$5.24
- Day change
- -A$0.09 (-1.72%)
- Market cap
- 4.9B
- 52W low
- A$4.16
- 52W high
- A$8.02
Price and trend
Last price: A$5.15
- Price
- A$5.15
- 52W range
- A$4.16 – A$8.02
- 50-day SMA
- A$5.73
- 200-day SMA
- A$5.89
- Price vs 50D SMA
- -10.08%
- Price vs 200D SMA
- -12.54%
Valuation
- P/E
- 11.15
- EPS
- 0.47
- Dividend yield
- 1.92%
- Beta
- 1.27
Westgold trades at a stated P/E ratio of 11.17, alongside revenue growth of 61.90% and a profit margin of 18.17%. Those measures offer context for its valuation, but mining earnings can move with gold prices and operating conditions, so a single earnings multiple may not capture the full range of outcomes. The stated dividend yield is 1.92%.
Profitability and growth
- Revenue growth
- 61.90%
- Revenue TTM
- 2.4B
- Profit margin
- 18.17%
Analyst view
Comparison uses the last price shown; targets are analyst estimates.
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- Price
- A$5.15
- Target price
- A$7.27
- Target vs last price
- 41.22% from last price
The supplied target price is A$7.20, which is 37.08% above the last price of A$5.25. That figure is a secondary reference rather than a certainty: gold prices, operating results and project execution can all affect the outlook. The share’s position below its 50-day and 200-day moving averages also points to a weaker recent technical context, though this is only one part of the investment picture.
Risks
Westgold’s earnings are exposed to movements in gold prices as well as mining costs, production performance and the execution of exploration and development plans. Operating across a substantial Western Australian landholding brings ongoing operational, regulatory and environmental responsibilities. Its share price can also be volatile: the supplied beta is 1.24, and the current price sits below both its 50-day and 200-day moving averages. The stated dividend yield may vary with the share price and future distributions.
FAQ
What does Westgold Resources do?
Westgold Resources explores, develops and operates gold mines in Western Australia. Its Murchison and Southern Goldfields operations cover 2,500 square kilometres.
How has Westgold’s recent financial performance looked?
The supplied figures show revenue of A$2.4 billion, revenue growth of 61.90% and a profit margin of 18.17%. These figures provide a snapshot of recent performance, but do not remove the cyclical and operational risks of gold mining.
Does Westgold pay a dividend?
The stated dividend yield is 1.92%. Dividend payments and yields can change, and the yield should be considered alongside the company’s earnings, cash requirements and mining investment needs.
How does WGX compare with its recent trading range?
At A$5.25, the share price is within its 52-week range of A$4.16 to A$8.02. It is below both the 50-day moving average of A$5.70 and the 200-day moving average of A$5.91, indicating a softer recent price position against those averages.
*This content is aimed to provide general information only, and does not take your personal objectives, financial situation or needs into account.
