Latest news with #WestgoldResources
Sky News AU
3 days ago
- Business
- Sky News AU
ASX 200 surges on trade war hopes as IDP Education plunges 40+ per cent after voicing international student concerns
The ASX 200 is up on Tuesday after a late recovery in the US on hopes Donald Trump will speak with Chinese President Xi Jinping this week to simmer trade tensions. Gold miners are soaring with Genesis Minerals up 6.7 per cent, Westgold Resources jumping 4.6 per cent and Newmont Corporation rising 4.4 per cent in the first 40 minutes of trading. The index is up 0.7 per cent after going backwards on Monday despite massive surges with Brickworks and Soul Patts after inking a $14b merger. IDP Education has plummeted more than 40 per cent after the company revealed it expects earnings to halve from global uncertainty around the intake of international students. "Continued uncertainty has impacted IDP student enrolment pipeline size and conversion rates in the important May and June pipeline build given the timing of the fall intake in the UK, Canada and the US, as well as the second semester intake in Australia," the company told shareholders. Wall Street surged late on Monday after the White House suggested it was looking to set up a phone call between Trump and Xi Jinping this week. White House press secretary Karoline Leavitt informed reporters of this on Monday, making her the third top Trump aide to forecast an imminent call between the two leaders to iron out differences on last month's tariff agreement in Geneva, among larger trade issues. It was not immediately clear when the two leaders will speak. US treasury secretary Scott Bessent told CBS' "Face the Nation" on Sunday that Trump and Xi would speak "very soon" to iron out trade issues including a dispute over critical minerals and China's restrictions on exports of certain minerals. The Dow Jones rose 0.1 per cent, the S&P 500 finished up 0.4 per cent and the Nasdaq jumped 0.7 per cent on Monday. London's FTSE 250 Index finished flat, Germany's DAX Index sank 0.3 per cent and the STOXX Europe 600 shed 0.1 per cent on Monday. New Zealand's is flat since opening on Tuesday, while Japan's Nikkei 225 is up 0.2 per cent and South Korea's KOSPI 200 is flat. -With Reuters
Yahoo
29-05-2025
- Business
- Yahoo
Westgold appoints Ivan Mullany as Independent Non-Executive Director
PERTH, Western Australia, May 29, 2025 /CNW/ - Westgold Resources Limited (ASX: WGX) (TSX: WGX) – (Westgold or the Company) is pleased to announce the appointment of Mr Ivan Mullany as an Independent Non-Executive Director to the Board, effective immediately. Mr. Mullany (BSc, Majoring in Extractive Metallurgy, CIMM, FAusIMM), has over 35 years in mining project management with broad international experiences. Most recently, with Newmont Corporation and its predecessor Goldcorp Inc. on the Senior Leadership Team, Mr. Mullany led numerous major projects, collectively in excess of $18 billion, during the engineering study, construction and execution stages. In Australia and most recently, Mr Mullany was appointed Chair of the Hemi Gold Project Committee at De Grey Mining Limited (ASX:DEG), where he provided strategic oversight of the Project Execution Plan for the proposed Hemi development, prior to the takeover by Northern Star. Mr Mullany is currently a Non-Executive Director of Nexgen Energy Ltd and is a Fellow of the Australian Institute of Mining and Metallurgy. Westgold Non-executive Chair Hon Cheryl Edwardes AO commented: "Westgold is delighted to welcome Ivan to the Board. Ivan is a great cultural fit and his extensive operational and project delivery experience will significantly strengthen our Board and strategic planning processes. Our leadership team will directly benefit from his operational excellence background as this is a key to unlocking greater productivity and increasing free cash flow from our expansive Western Australian gold portfolio." This announcement is authorised for release to the ASX by the Board. SOURCE Westgold Resources Limited View original content to download multimedia:
Yahoo
21-05-2025
- Business
- Yahoo
Declining Stock and Decent Financials: Is The Market Wrong About Westgold Resources Limited (ASX:WGX)?
It is hard to get excited after looking at Westgold Resources' (ASX:WGX) recent performance, when its stock has declined 20% over the past month. However, the company's fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. In this article, we decided to focus on Westgold Resources' ROE. Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In short, ROE shows the profit each dollar generates with respect to its shareholder investments. 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. The formula for return on equity is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Westgold Resources is: 5.2% = AU$103m ÷ AU$2.0b (Based on the trailing twelve months to March 2025). The 'return' is the yearly profit. That means that for every A$1 worth of shareholders' equity, the company generated A$0.05 in profit. Check out our latest analysis for Westgold Resources 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. When you first look at it, Westgold Resources' ROE doesn't look that attractive. We then compared the company's ROE to the broader industry and were disappointed to see that the ROE is lower than the industry average of 12%. Although, we can see that Westgold Resources saw a modest net income growth of 6.3% over the past five years. So, there might be other aspects that are positively influencing the company's earnings growth. Such as - high earnings retention or an efficient management in place. As a next step, we compared Westgold Resources' net income growth with the industry and were disappointed to see that the company's growth is lower than the industry average growth of 20% in the same period. Earnings growth is an important metric to consider when valuing a stock. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). Doing so will help them establish if the stock's future looks promising or ominous. Is Westgold Resources fairly valued compared to other companies? These 3 valuation measures might help you decide. Westgold Resources' three-year median payout ratio to shareholders is 9.5% (implying that it retains 90% of its income), which is on the lower side, so it seems like the management is reinvesting profits heavily to grow its business. Additionally, Westgold Resources has paid dividends over a period of four years which means that the company is pretty serious about sharing its profits with shareholders. Our latest analyst data shows that the future payout ratio of the company is expected to rise to 45% over the next three years. Regardless, the future ROE for Westgold Resources is speculated to rise to 9.2% despite the anticipated increase in the payout ratio. There could probably be other factors that could be driving the future growth in the ROE. In total, it does look like Westgold Resources has some positive aspects to its business. That is, a decent growth in earnings backed by a high rate of reinvestment. However, we do feel that that earnings growth could have been higher if the business were to improve on the low ROE rate. Especially given how the company is reinvesting a huge chunk of its profits. 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.
Yahoo
14-04-2025
- Business
- Yahoo
Westgold Resources Limited (ASX:WGX) is a favorite amongst institutional investors who own 66%
Institutions' substantial holdings in Westgold Resources implies that they have significant influence over the company's share price 50% of the business is held by the top 12 shareholders Insiders have bought recently 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. A look at the shareholders of Westgold Resources Limited (ASX:WGX) can tell us which group is most powerful. And the group that holds the biggest piece of the pie are institutions with 66% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). Given the vast amount of money and research capacities at their disposal, institutional ownership tends to carry a lot of weight, especially with individual investors. Hence, having a considerable amount of institutional money invested in a company is often regarded as a desirable trait. Let's delve deeper into each type of owner of Westgold Resources, beginning with the chart below. See our latest analysis for Westgold 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. We can see that Westgold Resources does have institutional investors; and they hold a good portion of the company's stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. 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 Westgold Resources, (below). Of course, keep in mind that there are other factors to consider, too. Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. Hedge funds don't have many shares in Westgold Resources. The company's largest shareholder is L1 Capital Pty. Limited, with ownership of 9.4%. Van Eck Associates Corporation is the second largest shareholder owning 8.0% of common stock, and State Street Global Advisors, Inc. holds about 6.0% of the company stock. After doing some more digging, we found that the top 12 have the combined ownership of 50% in the company, suggesting that no single shareholder has significant control over the company. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. 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. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. Our information suggests that Westgold Resources Limited insiders own under 1% of the company. It is a pretty big company, so it would be possible for board members to own a meaningful interest in the company, without owning much of a proportional interest. In this case, they own around AU$3.2m worth of shares (at current prices). It is always good to see at least some insider ownership, but it might be worth checking if those insiders have been selling. The general public, who are usually individual investors, hold a 33% stake in Westgold 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. To that end, you should learn about the 3 warning signs we've spotted with Westgold Resources (including 1 which is significant) . Ultimately the future is most important. You can access this free report on analyst forecasts for the company. 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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