Latest news with #WestAfricanResources
Bloomberg
5 days ago
- Business
- Bloomberg
Burkina Faso Sees Restart of Gold Mines Boosting Output in 2025
Burkina Faso is poised to increase its industrial gold mining this year as a project by Mauritius's Soleil Resources International Ltd. rises to full production and a new mine by Australia's West African Resources Ltd. starts output later this year. Production by the country's large scale operations will increase by 4% to 55.7 tons this year, Aristide Belemsobgo, director general of mines and geology at the Ministry of Energy, Mines and Quarries said in an interview.
Yahoo
19-05-2025
- Business
- Yahoo
Hearts and Minds Investments And 2 Other ASX Penny Stocks To Watch
The ASX200 is set to open nearly a quarter of a percent lower on Monday, reflecting concerns about the US economy following Moody's credit rating downgrade. As investors navigate these uncertain times, identifying stocks with solid financial foundations becomes crucial. While the term "penny stocks" might seem outdated, these smaller or newer companies can still offer significant growth potential and affordability when backed by strong fundamentals. Name Share Price Market Cap Financial Health Rating Lindsay Australia (ASX:LAU) A$0.725 A$229.95M ★★★★☆☆ CTI Logistics (ASX:CLX) A$1.78 A$143.37M ★★★★☆☆ Accent Group (ASX:AX1) A$1.96 A$1.18B ★★★★☆☆ EZZ Life Science Holdings (ASX:EZZ) A$1.595 A$75.24M ★★★★★★ IVE Group (ASX:IGL) A$2.65 A$408.58M ★★★★★☆ GTN (ASX:GTN) A$0.615 A$117.51M ★★★★★★ West African Resources (ASX:WAF) A$2.27 A$2.59B ★★★★★★ Bisalloy Steel Group (ASX:BIS) A$3.35 A$158.96M ★★★★★★ Regal Partners (ASX:RPL) A$2.31 A$776.54M ★★★★★★ Navigator Global Investments (ASX:NGI) A$1.78 A$872.34M ★★★★★☆ Click here to see the full list of 997 stocks from our ASX Penny Stocks screener. Let's dive into some prime choices out of the screener. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Hearts and Minds Investments (ASX:HM1) is an Australian-listed investment company that leverages the expertise of leading fund managers to create a concentrated portfolio, with a market cap of A$709.84 million. Operations: The company's revenue is derived entirely from its investment activities, totaling A$191.25 million. Market Cap: A$709.84M Hearts and Minds Investments has shown impressive financial growth, with recent half-year revenue at A$137.51 million, a significant increase from the previous year. The company is debt-free, with short-term assets of A$754.4 million comfortably covering both short-term and long-term liabilities. Despite a relatively inexperienced management team, the board's experience averages 6.7 years. The company's price-to-earnings ratio of 5.5x suggests it may be undervalued compared to the broader Australian market average of 17.9x. However, its dividend yield of 5.16% is not well-supported by free cash flow, indicating potential sustainability concerns for income-focused investors. Get an in-depth perspective on Hearts and Minds Investments' performance by reading our balance sheet health report here. Gain insights into Hearts and Minds Investments' past trends and performance with our report on the company's historical track record. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: OM Holdings Limited is an investment holding company involved in the global mining, smelting, trading, and marketing of manganese ores and ferroalloys, with a market cap of A$259.87 million. Operations: The company generates revenue primarily from its marketing and trading segment, which accounts for $675 million, followed by the smelting segment with $528 million. Market Cap: A$259.87M OM Holdings, with a market cap of A$259.87 million, demonstrates a mixed financial profile. While its net debt to equity ratio of 36.1% is satisfactory and short-term assets exceed liabilities, the company's return on equity is low at 2.3%, and interest payments are not well covered by EBIT (1.5x). Recent sales results showed significant volumes in ferrosilicon and manganese alloys, yet earnings growth has been negative over the past year with declining profit margins from 3.1% to 1.4%. Despite these challenges, OM Holdings trades below its estimated fair value and forecasts suggest potential earnings growth of 21.02% annually. Click to explore a detailed breakdown of our findings in OM Holdings' financial health report. Understand OM Holdings' earnings outlook by examining our growth report. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Renascor Resources Limited is involved in the exploration, development, and evaluation of mineral properties in Australia, with a market cap of A$200.91 million. Operations: The company's revenue segment focuses on the exploration of graphite, copper, gold, uranium, and other minerals, generating A$0.075 million. Market Cap: A$200.91M Renascor Resources, with a market cap of A$200.91 million, operates in the exploration sector and remains pre-revenue with earnings under US$1 million. Despite negative earnings growth over the past year, the company has maintained financial stability by being debt-free for five years and having short-term assets significantly exceed liabilities. The management team and board are highly experienced, contributing to strategic direction amidst volatility. Recent announcements highlighted progress on its Battery Anode Material project and steady revenue growth from A$2.44 million to A$2.66 million year-over-year, indicating potential future developments in its mineral exploration endeavors. Click here to discover the nuances of Renascor Resources with our detailed analytical financial health report. Explore historical data to track Renascor Resources' performance over time in our past results report. Reveal the 997 hidden gems among our ASX Penny Stocks screener with a single click here. Contemplating Other Strategies? Uncover 16 companies that survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. 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. Companies discussed in this article include ASX:HM1 ASX:OMH and ASX:RNU. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
13-05-2025
- Business
- Yahoo
West African Resources (ASX:WAF) shareholder returns have been solid, earning 199% in 5 years
When you buy a stock there is always a possibility that it could drop 100%. But on the bright side, if you buy shares in a high quality company at the right price, you can gain well over 100%. One great example is West African Resources Limited (ASX:WAF) which saw its share price drive 199% higher over five years. On top of that, the share price is up 36% in about a quarter. The past week has proven to be lucrative for West African Resources investors, so let's see if fundamentals drove the company's five-year performance. Our free stock report includes 1 warning sign investors should be aware of before investing in West African Resources. Read for free now. To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. During the last half decade, West African Resources became profitable. That kind of transition can be an inflection point that justifies a strong share price gain, just as we have seen here. The image below shows how EPS has tracked over time (if you click on the image you can see greater detail). We know that West African Resources has improved its bottom line lately, but is it going to grow revenue? If you're interested, you could check this free report showing consensus revenue forecasts. We're pleased to report that West African Resources shareholders have received a total shareholder return of 67% over one year. That gain is better than the annual TSR over five years, which is 24%. Therefore it seems like sentiment around the company has been positive lately. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. It's always interesting to track share price performance over the longer term. But to understand West African Resources better, we need to consider many other factors. Case in point: We've spotted 1 warning sign for West African Resources you should be aware of. But note: West African Resources may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast). Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Australian exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) 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.
Yahoo
02-04-2025
- Business
- Yahoo
Institutional investors control 64% of West African Resources Limited (ASX:WAF) and were rewarded last week after stock increased 3.1%
Significantly high institutional ownership implies West African Resources' stock price is sensitive to their trading actions 52% of the business is held by the top 10 shareholders Using data from analyst forecasts alongside ownership research, one can better assess the future performance of a company We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. To get a sense of who is truly in control of West African Resources Limited (ASX:WAF), it is important to understand the ownership structure of the business. The group holding the most number of shares in the company, around 64% to be precise, is institutions. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Last week's 3.1% gain means that institutional investors were on the positive end of the spectrum even as the company has shown strong longer-term trends. One-year return to shareholders is currently 73% and last week's gain was the icing on the cake. Let's delve deeper into each type of owner of West African Resources, beginning with the chart below. See our latest analysis for West African Resources Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. West African Resources already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of West African Resources, (below). Of course, keep in mind that there are other factors to consider, too. Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. We note that hedge funds don't have a meaningful investment in West African Resources. L1 Capital Pty. Limited is currently the company's largest shareholder with 10% of shares outstanding. In comparison, the second and third largest shareholders hold about 7.7% and 5.2% of the stock. Additionally, the company's CEO Richard Hyde directly holds 1.5% of the total shares outstanding. We also observed that the top 10 shareholders account for more than half of the share register, with a few smaller shareholders to balance the interests of the larger ones to a certain extent. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. We can report that insiders do own shares in West African Resources Limited. It is a pretty big company, so it is generally a positive to see some potentially meaningful alignment. In this case, they own around AU$167m worth of shares (at current prices). Most would say this shows alignment of interests between shareholders and the board. Still, it might be worth checking if those insiders have been selling. With a 29% ownership, the general public, mostly comprising of individual investors, have some degree of sway over West African Resources. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. While it is well worth considering the different groups that own a company, there are other factors that are even more important. Consider risks, for instance. Every company has them, and we've spotted 1 warning sign for West African Resources you should know about. But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) 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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Yahoo
06-03-2025
- Business
- Yahoo
Are Robust Financials Driving The Recent Rally In West African Resources Limited's (ASX:WAF) Stock?
West African Resources' (ASX:WAF) stock is up by a considerable 31% over the past three months. Given the company's impressive performance, we decided to study its financial indicators more closely as a company's financial health over the long-term usually dictates market outcomes. Particularly, we will be paying attention to West African Resources' ROE today. Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Simply put, it is used to assess the profitability of a company in relation to its equity capital. Check out our latest analysis for West African Resources Return on equity can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for West African Resources is: 19% = AU$246m ÷ AU$1.3b (Based on the trailing twelve months to December 2024). The 'return' is the yearly profit. So, this means that for every A$1 of its shareholder's investments, the company generates a profit of A$0.19. We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don't share these attributes. At first glance, West African Resources seems to have a decent ROE. Especially when compared to the industry average of 11% the company's ROE looks pretty impressive. This probably laid the ground for West African Resources' significant 24% net income growth seen over the past five years. However, there could also be other causes behind this growth. For example, it is possible that the company's management has made some good strategic decisions, or that the company has a low payout ratio. Next, on comparing with the industry net income growth, we found that West African Resources' growth is quite high when compared to the industry average growth of 19% in the same period, which is great to see. The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. This then helps them determine if the stock is placed for a bright or bleak future. If you're wondering about West African Resources''s valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry. West African Resources doesn't pay any regular dividends to its shareholders, meaning that the company has been reinvesting all of its profits into the business. This is likely what's driving the high earnings growth number discussed above. In total, we are pretty happy with West African Resources' performance. Specifically, we like that the company is reinvesting a huge chunk of its profits at a high rate of return. This of course has caused the company to see substantial growth in its earnings. Having said that, looking at the current analyst estimates, we found that the company's earnings are expected to gain momentum. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) 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. Sign in to access your portfolio
