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WAF Shares West African Resources Limited

ASX · ASX
$3.22 -0.31% Prices as of close 2026-10-27

Last in our picks 2026-10-19 — not in the current list; analysis below is from that screen

Gold exposure and strong commodity momentum offer defensive earnings leverage.

Future value: $4.85 (+36.04%) · 6-12 months · analyst consensus

Signal breakdown

  • ▸Positive commodity momentum, but limited verified broker evidence.
  • ▾Below 50-day MA (-2.12%)
  • ▸Above 200-day MA — long-term uptrend
  • ▸~36% upside to price target

Is WAF a buy right now?

Trend: WAF is trading below the 50-day average (-11.29%), RSI 47 — neutral momentum, with a 3-month return of +19.26%.

Valuation & quality: West African Resources Limited trades on a trailing P/E of 5.6, forward P/E 4.2, price-to-book 1.88; fundamentals show net margin 25.3%, return on equity 45.7%, revenue growth 206.5% year on year.

Analyst consensus: 4 analysts have a mean 12-month price target of A$4.85 (+50.6% vs the last close; range A$4.00 – A$6.25), consensus rating “strong buy”.

Our screen: BUY (score 2) — Gold exposure and strong commodity momentum offer defensive earnings leverage.

Computed from end-of-day data; not personal advice.

Our track record with WAF

Our simulated $10,000 funds have traded WAF 1 time — 1 of 1 closed trade profitable.

FundBoughtSoldReturn
ASX High-risk2026-09-28 @ $3.452026-10-01 @ $3.48 · Monthly rebalance+0.87%

Paper trades from our simulated funds at real end-of-day prices; past results don't predict future returns.

12-month price chart

3.92 2.67 FebMarAprMayJunJulAugSepOct
Daily close, 2026-02-08 → 2026-10-27 (AUD). Range 2.67 – 3.92.

Monthly returns

Mar 26Apr 26May 26Jun 26Jul 26Aug 26Sep 26Oct 26
-2.60%-13.20%+7.50%-15.50%+6.00%+32.00%-7.20%-7.50%

Fundamentals

Market cap
$3.69B
P/E (ttm)
5.6
Forward P/E
4.2
EPS (ttm)
$0.57
Price / book
1.88
Beta
1.12
Net margin
25.3%
ROE
45.7%
Revenue growth
206.5%
Earnings growth
88.3%
Revenue (ttm)
$2.53B
Free cash flow
$697.7M
Debt / equity
21%
52-wk range
$2.51 – $4.06
Volume
1,574,480
Avg volume (3m)
4,785,120

Analyst price target

Mean target
$4.85
Low
$4.00
High
$6.25
Analysts
4
Consensus
STRONG BUY

Technical signals

RSI (14)
46.7
vs 50-day MA
-11.29%
1-mo return
-6.67%
3-mo return
+19.26%
Volume z-score
-0.93

About West African Resources Limited

West African Resources Limited engages in the mining, mineral processing, acquisition, exploration, and project development of gold projects in West Africa. The company has 85% interests in the Sanbrado Gold and Kiaka Gold projects located in Burkina Faso.

Sector: Basic Materials · Industry: Gold · Australia · Website

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General information only (Australia). This is general information, not financial product advice. It doesn't consider your objectives, financial situation or needs — consider its appropriateness and seek licensed advice before acting. Not a recommendation to buy or sell any financial product.

Market data from end-of-day feeds; AI-generated research for educational purposes only — not investment advice.