Canaccord Genuity (Australia) Limited
Australian Equity Research
30 January 2019 https://www.westgold.com.au/wp-content/uploads/2019/02/WebPage.pdf Lowering Target Price DecQ'18 report
... Valuation and recommendation. On incorporating a number of model updates, our valuation (NPV5% for the operating assets, net of corporate and other adjustments) on WGX has declined to A$2.10/sh (previously A$2.35/sh). The company is one of the most leveraged names in the coverage list, and we see good potential for a strong rerate as production momentum builds over the next 12 months. BUY recommendation maintained.
WGX Price at posting:
$1.10 Sentiment: Buy Disclosure: Held
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