How to buy Westgold Resources shares | A$2.78

Westgold Resources Limited is a gold business based in Australia. Westgold Resources shares (WGX) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $2.78 – an increase of 4.12% over the previous week. Westgold Resources has a trailing 12-month revenue of around $492.3 million.

How to buy shares in Westgold 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 Westgold Resources . Find the share by name or ticker symbol: WGX. 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 Westgold 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 of $2.78, 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 Westgold 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.

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How has coronavirus impacted Westgold Resources 's share price?

Since the stock market crash in March caused by coronavirus, Westgold Resources 's share price has had significant positive movement.

Its last market close was $2.78, which is 13.67% up on its pre-crash value of $2.4 and 130.71% up on the lowest point reached during the March crash when the shares fell as low as $1.205.

If you had bought $1,000 worth of Westgold Resources shares at the start of February 2020, those shares would have been worth $739.43 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,305.15.

Westgold Resources share price

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

Westgold Resources shares at a glance

• Key figures

Information last updated 2020-10-20.

Latest market close	AUDA$2.78
52-week range	AUDA$1.205 - AUDA$2.93
50-day moving average	AUDA$2.4367
200-day moving average	AUDA$2.2556
Target price	AUDA$2.05
PE ratio	32.0231
Dividend yield	N/A (0%)
Earnings per share (TTM)	AUDA$0.086

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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.

Is it a good time to buy Westgold 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.

Technical Analysis of Westgold Resources Limited by TradingView

Westgold Resources price performance over time

Historical closes compared with the close of A$2.78 on 2020-10-20

1 week (2020-10-13)	2.21%
1 month (2020-09-21)	15.83%
3 months (2020-07-20)	18.80%
6 months (2020-04-20)	38.31%

1 year (2019-10-18)	33.01%
2 years (2018-10-19)	152.73%
3 years (2017-10-20)	48.27%
5 years (2015-10-17)	N/A

Is Westgold Resources under- or over-valued?

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

Westgold Resources 's P/E ratio

Westgold 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 32x. In other words, Westgold Resources shares trade at around 32x recent earnings.

That's comparable to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14).

Westgold Resources 's EBITDA

Westgold Resources 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $154.1 million.

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

Westgold Resources financials

Revenue TTM	$492.3 million
Operating margin TTM	4.32%
Gross profit TTM	$29.5 million
Return on assets TTM	1.85%
Return on equity TTM	7.17%
Profit margin	7.03%
Book value	1.242
Market capitalisation	$1.2 billion

TTM: trailing 12 months

Westgold Resources share dividends

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

Have Westgold Resources 's shares ever split?

Westgold Resources 's shares were split on a 6:5 basis on 12 September 2017. So if you had owned 5 shares the day before before the split, the next day you'd have owned 6 shares. This wouldn't directly have changed the overall worth of your Westgold Resources shares – just the quantity. However, indirectly, the new 16.7% lower share price could have impacted the market appetite for Westgold Resources shares which in turn could have impacted Westgold Resources 's share price.

Westgold Resources share price volatility

Over the last 12 months, Westgold Resources 's shares have ranged in value from as little as $1.205 up to $2.93. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Westgold Resources 's is 0.4616. This would suggest that Westgold Resources 's shares are less volatile than average (for this exchange).

Westgold Resources overview

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 124,000 hectares in the Central Murchison region. It also provides contract mining services. Westgold Resources Limited is headquartered in Perth, Australia.

Frequently asked questions

• What percentage of Westgold Resources is owned by insiders or institutions?

  Currently 8.272% of Westgold Resources shares are held by insiders and 61.292% by institutions.

• When does the fiscal year end for Westgold Resources ?

  Westgold Resources 's fiscal year ends in June.

• Where is Westgold Resources based?

  Westgold Resources 's address is: 197 St Georges Terrace, Perth, WA, Australia, 6000

• What is Westgold Resources 's ISIN number?

  Westgold Resources 's international securities identification number is: AU000000WGX6