How to buy West African Resources (WAF) shares

Learn how to easily invest in West African Resources shares.

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West African Resources Limited is a gold business based in Australia. West African Resources shares (WAF) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian Dollars. West African Resources has a trailing 12-month revenue of around $311.2 million. If you're looking to buy shares, check out the steps below.

How to buy shares in West African Resources

  1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
  3. Search for West African Resources. Find the share by name or ticker symbol: WAF. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until West African Resources reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
  6. Check in on your investment. Congratulations, you own a part of West African Resources. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

West African Resources stock price (ASX:WAF)

Use our graph to track the performance of WAF stocks over time.

West African Resources shares at a glance

Information last updated 2021-07-03.
52-week range$0.72 - $1.23
50-day moving average $1.0213
200-day moving average $0.9509
Target price$0.47
PE ratio 10
Dividend yield N/A (0%)
Earnings per share (TTM) $0.101

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.
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Is it a good time to buy West African Resources stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

West African Resources price performance over time

Historical closes compared with the last close of A$1.03

1 week (2021-06-29) 4.04%
1 month (2021-06-07) 0.98%
3 months (2021-04-06) 19.08%
6 months (2021-01-06) -8.04%
1 year (2020-07-06) 17.05%
2 years (2019-07-05) 174.67%
3 years (2018-07-06) 174.67%
5 years (2016-07-06) 347.83%

Is West African Resources under- or over-valued?

Valuing West African Resources stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of West African Resources's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

West African Resources's P/E ratio

West African Resources's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 10x. In other words, West African Resources shares trade at around 10x recent earnings.

That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

West African Resources's EBITDA

West African Resources's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $177.5 million.

The EBITDA is a measure of a West African Resources's overall financial performance and is widely used to measure a its profitability.

West African Resources financials

Revenue TTM $311.2 million
Operating margin TTM 49.27%
Gross profit TTM $166 million
Return on assets TTM 22.11%
Return on equity TTM 80.25%
Profit margin 28.72%
Book value 0.188
Market capitalisation $892 million

TTM: trailing 12 months

West African Resources share dividends

We're not expecting West African Resources to pay a dividend over the next 12 months.

West African Resources share price volatility

Over the last 12 months, West African Resources's shares have ranged in value from as little as $0.72 up to $1.23. A popular way to gauge a stock's volatility is its "beta".

WAF.AU volatility(beta: 0.79)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while West African Resources's is 0.7872. This would suggest that West African Resources's shares are less volatile than average (for this exchange).

West African Resources overview

West African Resources Limited engages in the acquisition, exploration, and development of mineral resource projects in West Africa. The company explores for gold and copper deposits. Its key asset is the 90% owned Sanbrado Gold Project located in Burkina Faso. The company was incorporated in 2006 and is based in Subiaco, Australia.

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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