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Westgold Resources (WGXRF) Gets a Buy from Macquarie


Westgold Resources (WGXRF) Gets a Buy from Macquarie

Bowler covers the Basic Materials sector, focusing on stocks such as Evolution Mining Limited, Regis Resources Limited, and Westgold Resources. According to TipRanks, Bowler has an average return of 13.3% and a 58.72% success rate on recommended stocks.

Currently, the analyst consensus on Westgold Resources is a Strong Buy with an average price target of $2.34, representing a 31.35% upside. In a report released on September 16, RBC Capital also maintained a Buy rating on the stock with a A$3.20 price target.

WGXRF market cap is currently $1.76B and has a P/E ratio of 14.19.

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Westgold Resources Ltd is engaged in the exploration, development, and operation of gold mines, primarily in Western Australia. The company comprises the following reportable segments - Meekatharra Gold Operations, Cue Gold Operations, Fortnum Gold Project. Meekatharra Gold Operations contributes to the vast majority of revenue.

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