Westgold Resources Future Growth

Future criteria checks 5/6

Westgold Resources is forecast to grow earnings and revenue by 56.2% and 23.7% per annum respectively. EPS is expected to grow by 48.6% per annum. Return on equity is forecast to be 13.3% in 3 years.

Key information

56.2%

Earnings growth rate

48.6%

EPS growth rate

Metals and Mining earnings growth	14.3%
Revenue growth rate	23.7%
Future return on equity	13.3%
Analyst coverage	Low
Last updated	16 Apr 2024

Recent future growth updates

Recent updates

Investors Aren't Buying Westgold Resources Limited's (ASX:WGX) Revenues

Feb 07

Here's Why I Think Westgold Resources (ASX:WGX) Is An Interesting Stock

Oct 09

Can You Imagine How Westgold Resources' (ASX:WGX) Shareholders Feel About The 64% Share Price Increase?

Dec 09

Should Weakness in Westgold Resources Limited's (ASX:WGX) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?

Nov 24

Earnings and Revenue Growth Forecasts

ASX:WGX - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2026	1,170	288	238	360	2
6/30/2025	1,119	208	127	281	2
6/30/2024	696	97	46	287	2
12/31/2023	701	65	89	277	N/A
9/30/2023	678	37	49	223	N/A
6/30/2023	654	10	9	168	N/A
3/31/2023	654	-66	-13	157	N/A
12/31/2022	653	-142	-35	146	N/A
9/30/2022	650	-127	-31	163	N/A
6/30/2022	648	-111	-27	180	N/A
3/31/2022	614	-31	-30	188	N/A
12/31/2021	580	49	-34	196	N/A
9/30/2021	576	63	-7	223	N/A
6/30/2021	571	77	20	249	N/A
3/31/2021	568	75	27	245	N/A
12/31/2020	565	72	34	241	N/A
9/30/2020	529	54	5	198	N/A
6/30/2020	492	35	-23	156	N/A
12/31/2019	454	34	-17	133	N/A
9/30/2019	436	24	-38	107	N/A
6/30/2019	418	13	-59	81	N/A
12/31/2018	290	-39	-164	-3	N/A
9/30/2018	283	-36	-160	6	N/A
6/30/2018	277	-32	-157	15	N/A
12/31/2017	281	-10	-113	47	N/A
9/30/2017	294	-2	N/A	61	N/A
6/30/2017	307	6	N/A	76	N/A
3/31/2017	423	4	N/A	84	N/A
12/31/2016	401	-7	N/A	92	N/A
9/30/2016	353	-14	N/A	71	N/A
6/30/2016	305	-21	N/A	50	N/A
6/30/2015	233	14	N/A	70	N/A
6/30/2014	161	24	N/A	66	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: WGX's forecast earnings growth (56.2% per year) is above the savings rate (2.2%).

Earnings vs Market: WGX's earnings (56.2% per year) are forecast to grow faster than the Australian market (13.4% per year).

High Growth Earnings: WGX's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: WGX's revenue (23.7% per year) is forecast to grow faster than the Australian market (4.7% per year).

High Growth Revenue: WGX's revenue (23.7% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: WGX's Return on Equity is forecast to be low in 3 years time (13.3%).

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Westgold Resources Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 13%

Consensus EPS estimates increase by 13%

Westgold Resources Limited Provides Production Guidance for the Fiscal Year 2023

Consensus EPS estimates increase by 50%

Consensus EPS estimates fall to AU$0.18

Westgold Resources Limited Provides Production Guidance for the Fiscal Year 2021

Recent updates

Enlarged Westgold Announces Board Appointments

Investor sentiment deteriorates as stock falls 21%

Westgold Resources Limited (ASX:WGX) agreed to acquire Karora Resources Inc. (TSX:KRR).

Consensus EPS estimates fall by 13%

Westgold Resources Limited to Report Q3, 2024 Results on Apr 24, 2024

Upcoming dividend of AU$0.01 per share

Investor sentiment improves as stock rises 33%

First half 2024 earnings released: EPS: AU$0.093 (vs AU$0.023 loss in 1H 2023)

Investors Aren't Buying Westgold Resources Limited's (ASX:WGX) Revenues

Westgold Resources Limited to Report Q2, 2024 Results on Jan 31, 2024

Consensus EPS estimates increase by 13%

Now 22% undervalued

Westgold Resources Limited to Report Q1, 2024 Results on Oct 25, 2023

Westgold Resources Limited, Annual General Meeting, Nov 23, 2023

New minor risk - Earnings quality

Full year 2023 earnings released: EPS: AU$0.021 (vs AU$0.25 loss in FY 2022)

Westgold Resources Limited to Report Fiscal Year 2023 Results on Aug 24, 2023

Westgold Resources Limited to Report Q4, 2023 Results on Jul 26, 2023

New major risk - Revenue and earnings growth

Westgold Resources Limited (ASX:WGX) agreed to acquire Musgrave Minerals Limited (ASX:MGV)for approximately AUD 180 mullion.

First half 2023 earnings released: AU$0.023 loss per share (vs AU$0.047 profit in 1H 2022)

Westgold Resources Limited Announces Bluebird Drilling Update

Westgold Resources Limited to Report Q2, 2023 Results on Jan 25, 2023

Westgold Resources Limited Provides Update on the Operational Expansion Of, and Related Drilling, At Bluebird Underground Mine At Meekatharra

Westgold Achieves Quarter Million Ounce Milestone At Fortnum

High number of new and inexperienced directors

Westgold Resources Limited Provides the Update on Expansion Plans for Its Big Bell Mine At Cue

Westgold Resources Limited Provides Update on Recent Drilling Results from the Consols Lode at its Paddy's Flat Mine in Meekatharra

Westgold Resources Limited to Report Q1, 2023 Results on Oct 27, 2022

Westgold Resources Limited Commences Drilling At Great Fingall Deeps

Westgold Announces Board and Management Appointments

Westgold Resources Limited, Annual General Meeting, Nov 25, 2022

Westgold Resources Limited Announces New Estimates of Mineral Resources and Ore Reserves

High number of new and inexperienced directors

Westgold Resources Limited Announces Drilling Commences At Caustons

Full year 2022 earnings: EPS misses analyst expectations

Westgold Resources Limited Provides Production Guidance for the Fiscal Year 2023

Westgold Resources Limited to Report Fiscal Year 2022 Results on Aug 26, 2022

Westgold Resources Limited Announces Resignation of Peter Schwann as Non-Executive Director

Consensus EPS estimates increase by 50%

Westgold Resources Limited to Report Q4, 2022 Results on Jul 21, 2022

Westgold Resources Limited Announces the Commencement of Mining Operations At Fender

Westgold Resources Limited Announces Major Production Milestone At Its Fortnum Gold Project

Westgold Resources Limited Provides First Assays from Early Stage Exploration Drilling at the Sovereign Reef Target (Sovereign) Located at the Day Dawn Mining Area

Westgold Resources Limited Provides First Assays from Early Stage Exploration Drilling at the Sovereign Reef Target (Sovereign) Located at the Day Dawn Mining Area

Investor sentiment deteriorated over the past week

Westgold Resources Limited Announces Executive Changes

Investor sentiment deteriorated over the past week

Independent Non-Executive Director recently bought AU$100k worth of stock

Westgold Resources Limited to Report Q3, 2022 Results on Apr 28, 2022

Westgold Resources Limited Announces Appointment of Susan Park as Joint Company Secretary

Investor sentiment deteriorated over the past week

Non-Executive Chairman recently sold AU$2.0m worth of stock

First half 2022 earnings: EPS misses analyst expectations

Westgold Resources Limited to Report First Half, 2022 Results on Feb 25, 2022

Westgold Resources Limited Provides Operational Update on the Progress of Paddy's Flat Operations At Meekatharra

Here's Why I Think Westgold Resources (ASX:WGX) Is An Interesting Stock

Westgold Resources Limited (ASX:WGX) made an offer to acquire Gascoyne Resources Limited (ASX:GCY) for AUD 105 million.

Westgold Resources Limited Announces Unfranked Special Distribution, Payable on October 15, 2021

Westgold Resources Limited Recommends Payment of Maiden Cash Dividend for Fiscal Year 2021, Payable on 15 October 2021

Full year 2021 earnings released: EPS AU$0.18 (vs AU$0.087 in FY 2020)

Manager of Investor Relations Rod Corps has left the company

Westgold Resources Limited Provides Big Bell Operational Update

Consensus EPS estimates fall to AU$0.18

Westgold Resources Limited Provides Production Guidance for the Fiscal Year 2021

Westgold Resources Limited Resumes FIFO Operations

Westgold Resources Limited Announces Temporary Suspension FIFO Operations

Westgold Resources Limited Commences RC Drilling at the Forrest Deposit Located 130 Kilometres North of Meekatharra

Westgold Resources Limited Resumes Operations At Big Bell