Previous close | 2.2000 |
Open | 2.1700 |
Bid | 2.1000 x 1930900 |
Ask | 2.1500 x 1775900 |
Day's range | 2.0800 - 2.1700 |
52-week range | 1.3350 - 2.7700 |
Volume | |
Avg. volume | 4,297,596 |
Market cap | 1.014B |
Beta (5Y monthly) | 0.65 |
PE ratio (TTM) | 15.29 |
EPS (TTM) | 0.1400 |
Earnings date | 28 Feb 2024 |
Forward dividend & yield | 0.01 (0.47%) |
Ex-dividend date | 28 Mar 2024 |
1y target est | 2.77 |
Westgold Resources (ASX:WGX) has had a great run on the share market with its stock up by a significant 16% over the...
Australia's Westgold Resources said on Monday it had agreed to acquire Toronto-listed Karora Resources in a cash-and-stock deal worth about A$1.23 billion ($808.36 million), seeking its gold assets in Western Australia. The deal will propel the combined group to become a mid-tier gold miner producing around 400,000 troy ounces of gold a year in the state and with a market capitalisation of around A$2.2 billion. Karora shareholders will receive 2.524 Westgold shares, with A$0.68 in cash and 0.30 of a share in a new company to be spun off from Karora, which will include its shareholding in lithium explorer Kali Metals and a 1% lithium royalty on certain mining interests.
Key Insights Given the large stake in the stock by institutions, Westgold Resources' stock price might be vulnerable to...