Westgold Resources (ASX:WGX): Valuation Check as Great Fingall Moves from Development to High-Grade Production

Westgold Resources (ASX:WGX) has just crossed an important line at Great Fingall, moving from development into true production as it starts mining virgin high grade stopes to feed its Cue processing hub.

See our latest analysis for Westgold Resources.

That shift into high grade production at Great Fingall comes on top of a powerful re-rating, with Westgold delivering a 90 day share price return of 57.22 percent and a three year total shareholder return of 761.68 percent. This suggests momentum is still firmly building rather than fading.

If you like the feel of a turnaround gathering steam, it could be worth seeing what else is on the move and exploring fast growing stocks with high insider ownership.

With earnings and mine growth accelerating, yet the share price still trading below analyst targets, is Westgold a rare undervalued gold producer or is the market already factoring in every ounce of future production growth?

Most Popular Narrative: 10.5% Undervalued

Westgold's most followed narrative pegs fair value meaningfully above the last close of A$6.10, framing the rally as only partway through its rerate.

The integration of the Karora transaction has significantly increased Westgold's production scale and operational flexibility, positioning the company to benefit fully from sustained global monetary instability and rising geopolitical tensions, with upside leverage to higher gold prices directly feeding into revenue and earnings.

Read the complete narrative.

Want to see what is baked into that bullish growth arc? Revenue compounding, margin expansion, and a reset earnings multiple come together in this valuation roadmap. Curious which assumptions really carry the fair value uplift?

Result: Fair Value of $6.82 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, persistent lower ore grades, or delays in delivering promised cost savings and integration synergies, could quickly challenge this upbeat valuation roadmap.

Find out about the key risks to this Westgold Resources narrative.

Build Your Own Westgold Resources Narrative

If you see the story differently or simply want to dig into the numbers yourself, you can build a fresh view in minutes with Do it your way.

A great starting point for your Westgold Resources research is our analysis highlighting 2 key rewards and 2 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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