WGX Stock Overview
Westgold Resources Limited engages in the exploration, development, mining, and treatment of gold assets primarily in Western Australia.
Westgold Resources Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$1.34|
|52 Week High||AU$2.50|
|52 Week Low||AU$1.09|
|1 Month Change||13.14%|
|3 Month Change||-1.11%|
|1 Year Change||-25.21%|
|3 Year Change||-41.19%|
|5 Year Change||-22.38%|
|Change since IPO||-22.38%|
Recent News & Updates
|WGX||AU Metals and Mining||AU Market|
Return vs Industry: WGX underperformed the Australian Metals and Mining industry which returned -16.4% over the past year.
Return vs Market: WGX underperformed the Australian Market which returned -7.9% over the past year.
|WGX Average Weekly Movement||7.4%|
|Metals and Mining Industry Average Movement||12.1%|
|Market Average Movement||10.6%|
|10% most volatile stocks in AU Market||17.5%|
|10% least volatile stocks in AU Market||4.7%|
Stable Share Price: WGX is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: WGX's weekly volatility (7%) has been stable over the past year.
About the Company
Westgold Resources Limited engages in the exploration, development, mining, and treatment of gold assets primarily in Western Australia. The company’s assets include the Meekatharra Gold Operations, Fortnum Gold Operations, and Cue Gold Operations that comprise approximately 350 mining titles covering an area of 1,300 square kilometers in the Central Murchison region. It also provides contract mining services.
Westgold Resources Fundamentals Summary
|WGX fundamental statistics|
Is WGX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|WGX income statement (TTM)|
|Cost of Revenue||AU$505.69m|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
|Earnings per share (EPS)||0.10|
|Net Profit Margin||8.47%|
How did WGX perform over the long term?See historical performance and comparison
1.5%Current Dividend Yield
Is WGX undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for WGX?
Other financial metrics that can be useful for relative valuation.
|What is WGX's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does WGX's PE Ratio compare to its peers?
|WGX PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
ALK Alkane Resources
RMS Ramelius Resources
RRL Regis Resources
SLR Silver Lake Resources
WGX Westgold Resources
Price-To-Earnings vs Peers: WGX is expensive based on its Price-To-Earnings Ratio (12.9x) compared to the peer average (12.3x).
Price to Earnings Ratio vs Industry
How does WGX's PE Ratio compare vs other companies in the AU Metals and Mining Industry?
Price-To-Earnings vs Industry: WGX is expensive based on its Price-To-Earnings Ratio (12.9x) compared to the Australian Metals and Mining industry average (9.5x)
Price to Earnings Ratio vs Fair Ratio
What is WGX's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||12.9x|
|Fair PE Ratio||38.9x|
Price-To-Earnings vs Fair Ratio: WGX is good value based on its Price-To-Earnings Ratio (12.9x) compared to the estimated Fair Price-To-Earnings Ratio (38.9x).
Share Price vs Fair Value
What is the Fair Price of WGX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: WGX (A$1.34) is trading below our estimate of fair value (A$20.13)
Significantly Below Fair Value: WGX is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.
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How is Westgold Resources forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WGX's forecast earnings growth (49.7% per year) is above the savings rate (1.8%).
Earnings vs Market: WGX's earnings (49.7% per year) are forecast to grow faster than the Australian market (6.2% per year).
High Growth Earnings: WGX's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: WGX's revenue (14.2% per year) is forecast to grow faster than the Australian market (5.7% per year).
High Growth Revenue: WGX's revenue (14.2% per year) is forecast to grow slower 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 (9.5%).
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How has Westgold Resources performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WGX has high quality earnings.
Growing Profit Margin: WGX's current net profit margins (8.5%) are lower than last year (12.8%).
Past Earnings Growth Analysis
Earnings Trend: WGX has become profitable over the past 5 years, growing earnings by 53.3% per year.
Accelerating Growth: WGX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: WGX had negative earnings growth (-32.1%) over the past year, making it difficult to compare to the Metals and Mining industry average (57.3%).
Return on Equity
High ROE: WGX's Return on Equity (7.9%) is considered low.
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How is Westgold Resources's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: WGX's short term assets (A$192.5M) exceed its short term liabilities (A$114.8M).
Long Term Liabilities: WGX's short term assets (A$192.5M) exceed its long term liabilities (A$182.4M).
Debt to Equity History and Analysis
Debt Level: WGX is debt free.
Reducing Debt: WGX had no debt 5 years ago.
Debt Coverage: WGX has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: WGX has no debt, therefore coverage of interest payments is not a concern.
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What is Westgold Resources's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: WGX's dividend (1.5%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.62%).
High Dividend: WGX's dividend (1.5%) is low compared to the top 25% of dividend payers in the Australian market (6.24%).
Stability and Growth of Payments
Stable Dividend: WGX is not paying a notable dividend for the Australian market, therefore no need to check if payments are stable.
Growing Dividend: WGX is not paying a notable dividend for the Australian market, therefore no need to check if payments are increasing.
Earnings Payout to Shareholders
Earnings Coverage: WGX is not paying a notable dividend for the Australian market.
Cash Payout to Shareholders
Cash Flow Coverage: WGX is paying a dividend but the company has no free cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Wayne Bramwell (56 yo)
Mr. Wayne Christopher Bramwell, B.Sc. (Mineral Science - Extractive Metallurgy), Grad Dip Bus, M.Sc. (Mineral Economics), GAICD, serves as Managing Director of Westgold Resources Limited since May 24, 2022...
Experienced Management: WGX's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
Experienced Board: WGX's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.7%.
Westgold Resources Limited's employee growth, exchange listings and data sources
- Name: Westgold Resources Limited
- Ticker: WGX
- Exchange: ASX
- Founded: NaN
- Industry: Gold
- Sector: Materials
- Implied Market Cap: AU$632.286m
- Shares outstanding: 473.62m
- Website: https://www.westgold.com.au
Number of Employees
- Westgold Resources Limited
- 197 St Georges Terrace
- Level 6
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/07 00:00|
|End of Day Share Price||2022/08/05 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.