West African Resources (WAF.AX) Stock Price

West African Resources Price

ASX·CLOSED
3.60
​
Market closed

Revenue has compounded at 96.7% per year over the past 19 years to 1.53 B AUD. Earnings per share have grown at 32.4% per year over the last 5 years. West African Resources's net margin stands at 30.9%, up from 26.6% several years earlier. Analysts set a median price target of 4.95 AUD, implying 37.4% above the current price. Of 8 analysts, 6 rate the stock a buy — an overall Buy consensus.

West African Resources stock price

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West African Resources business model & stock analysis

West African Resources Ltd is a company that operates in the mining industry and specializes in the exploration, development, and production of gold in West Africa. The company was founded in 2006 with the goal of developing promising gold projects in the region. Since then, West African Resources Ltd has become a key player on the African continent, successfully combining experience and expertise with advanced technology and sustainability. The business model of West African Resources Ltd is based on a complete value chain, ranging from exploration to the sale of produced gold. The company focuses on sustainable and socially responsible practices and integrates local communities and employees into all decision-making and development processes. The aim is to ensure comprehensive and sustainable growth. West African Resources Ltd has various divisions and activities within the value chain. The first division is the exploration and development of gold projects. The company is expert at identifying promising gold deposits and utilizes this expertise to develop new projects. Overall, West African Resources Ltd has several promising projects ongoing in West Africa. The second division is gold production. The company places special emphasis on environmentally friendly and responsible production. Production is carried out using state-of-the-art technologies that minimize negative impacts on the environment. The production is machine-light and performed by versatile trained employees, which also provides job opportunities. The third and final division is the sale of produced gold. West African Resources Ltd sells gold to a variety of customers worldwide. The customers can come from the jewelry industry or other industries that require gold. The company has built long-term customer relationships and works exclusively with reputable and established partners. West African Resources Ltd offers a variety of products tailored to the needs of customers. The main product is sustainably produced gold, but there are also other products such as gold bars, gold coins, or gold jewelry. These products are available in various sizes and prices depending on demand. In summary, West African Resources Ltd is a company specializing in the exploration, development, and production of gold in West Africa. The company has integrated sustainable practices and social responsibility into its operations and is focused on a comprehensive and sustainable value chain. It produces high-quality and responsibly produced gold and distributes it to customers worldwide. West African Resources Ltd has become a key player on the African continent and is committed to constantly improving and developing its practices and business models.

Frequently asked questions about West African Resources

The business model of West African Resources Ltd primarily focuses on gold exploration, development, and production in West Africa. The company acquires and develops gold projects with the aim of becoming a leading gold producer in the region. West African Resources takes a comprehensive approach to its operations, including exploration, feasibility studies, construction, and operation of gold mines. Through strategic partnerships and a skilled workforce, the company seeks to optimize production and deliver sustainable returns to its shareholders. With its commitment to responsible mining practices and strong growth potential, West African Resources Ltd aims to create long-term value for investors in the gold sector.

West African Resources Ltd is primarily active in the mining industry, specifically in gold exploration and production.

The main competitors of West African Resources Ltd in the market include major mining companies such as Newmont Corporation, Barrick Gold Corporation, and AngloGold Ashanti Limited. These companies also operate in the gold mining industry and have a global presence.

West African Resources Ltd. is a mining company with a rich history and a strong background. Established in 2006, the company is focused on developing high-quality gold projects in the West African region. With a primary focus on Burkina Faso, West African Resources has successfully acquired and advanced several gold exploration and development projects, including the renowned Sanbrado Gold Project. This project has shown extensive ore reserves and promises significant potential for gold production. With a dedicated team of professionals and strategic partnerships, West African Resources Ltd. is committed to sustainable mining practices and aims to become a leading gold producer in the region.

West African Resources Ltd has achieved several significant milestones. One of their noteworthy achievements is the successful completion of the feasibility study for their Sanbrado Gold Project in Burkina Faso. Additionally, the company has secured the mining permit and environmental approvals for the project, further solidifying its progress. West African Resources Ltd has successfully raised funding for the development of the project, ensuring its financial stability. The company has also made substantial progress in exploring and discovering potential mineral resources in the region. Through these achievements, West African Resources Ltd has positioned itself as a prominent player in the mining industry, showcasing its commitment to growth and success.

West African Resources Ltd is primarily present in the West African region, particularly in Burkina Faso. As a mining company, West African Resources focuses on gold exploration and mining activities within the country. With its flagship project, Sanbrado Gold Project, located in southwestern Burkina Faso, the company aims to unlock the region's vast gold potential. West African Resources also operates in other countries in West Africa, including Côte d'Ivoire. By concentrating their efforts in these regions, the company aims to capitalize on the rich mineral resources and contribute to the economic development of these nations.

West African Resources Ltd represents a strong commitment to ethical practices and sustainable development in the mining industry. The company values transparency, accountability, and community engagement. With a focus on long-term growth, West African Resources aims to create value for its shareholders, while nurturing positive relationships with local communities and minimizing environmental impact. By adhering to high standards of corporate governance and promoting responsible mining practices, West African Resources strives to be a trusted and reliable partner in the mining sector. This commitment to social, environmental, and economic sustainability forms the core philosophy of West African Resources Ltd.

Analysts currently set an average price target of 4.74 AUD for the West African Resources stock (median: 4.95 AUD), implying +31.8 % versus the latest price. The consensus is based on 8 analyst ratings.

8 analysts currently rate the West African Resources stock: 6 recommend buying, 2 holding and 0 selling. For 2026, analysts expect West African Resources to generate revenue of 2.90 B AUD and earnings per share of 0.67 AUD.

Converted at the current exchange rate, the West African Resources share trades at 2.25 EUR (3.60 AUD).

The West African Resources share (WAF.AX) is listed on 6 stock exchanges, including: SIX (Zürich) (W25.SW), ASX (WAF.AX), Frankfurt (W25.F), München (W25.MU), Düsseldorf (W25.DU).

West African Resources Ltd is an Australian mining company operating in West Africa. The company focuses on the exploration and development of gold and copper deposits in Burkina Faso and neighboring countries. The business model of West African Resources is based on identifying promising projects and developing them into profitable mines. The company has an experienced team of exploration and mining experts with extensive knowledge of the geological, technical, and regulatory aspects of mining in West Africa. One of the main divisions of West African Resources is the exploration of gold deposits. The company owns several promising projects, including the Sanbrado project in Burkina Faso. The Sanbrado project is a high-grade gold deposit located at a depth of 90 meters and has a resource of 2.1 million ounces of gold. West African Resources has announced its goal to reach a production rate of 150,000 ounces of gold per year by 2020. The company also has a copper exploration division that focuses on identifying and developing promising copper deposits in West Africa. West African Resources recently formed a partnership with Australian mining company Base Resources Ltd. to develop the copper deposit at the Birsok project in Burkina Faso. As part of its business model, West African Resources places great importance on sustainability and social responsibility. The company works closely with communities in the region to ensure that its activities support their economic development while minimizing their environmental impact. West African Resources also engages in local education and healthcare initiatives and promotes the employment of local workers. The company also emphasizes technology and efficiency to minimize operational costs and maximize the profitability of its mines. West African Resources has introduced a range of technical innovations, including the use of laser surveying and drones for mapping mining areas, as well as the use of energy-efficient power plants for its mines. In conclusion, West African Resources Ltd is a mining company focused on sustainable growth and social responsibility. The company pursues a strategy of identifying and developing promising gold and copper deposits in West Africa, while relying on innovation and efficiency to maximize the profitability of its mines. Through its collaboration with communities in the region and its commitment to environmental protection and sustainability, West African Resources Ltd creates value for all stakeholders.

The expected revenue of West African Resources is 2.90 B AUD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of West African Resources is 769.91 M AUD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of West African Resources is currently 5.37. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the West African Resources stock.

The price-to-sales ratio (P/S) of West African Resources is currently 1.43. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the West African Resources stock.

The Eulerpool Quality Score for West African Resources is 7/10.

The ISIN of West African Resources is AU000000WAF6. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of West African Resources is A1CZBT. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of West African Resources is WAF.AX. The ticker symbol is used to trade West African Resources shares on the stock exchange.

Fair ValueTerminal
3.42 AUD
Over-/UndervaluationTerminal
Fairly valued
Industry
Metals & Mining
Number of shares
Employees
Revenue growth Ø5 years
EBIT growth Ø5 years
Net Income growth Ø5 years
Country
Australia
Currency
AUD
Initial public offering
Jun 11, 2010
ISIN
AU000000WAF6
Cusip
Q9594D106
Sedol
B4KBBN0
Market capitalization
4.11 B AUDMid Cap
52-Week Range
PEG
0.96
P/E ratio
P/Ee 2026
5.34
P/Ee 2027
4.88
P/Ee 2028
3.81
P/Ee 2029
3.42
P/Ee 2030
3.47
P/S
P/Se
1.43
EV/EBIT
4.90
P/B Ratio
2.39
ROE (Return on Equity)
ROA (Return on Assets)
ROCE (Return on Capital Employed)
ROIC (Return on Invested Capital)
21.81 %
Last updated Oct 15, 2026, 10:32 AM

West African Resources Peer Group

West African Resources Ticker

ASX · WAF.AXDÜSSELDORF · W25.DUFRANKFURT · W25.FMUNICH · W25.MUOTC · WFRSFSIX · W25.SW

West African Resources FIGI

WAF:AU · BBG000R17C94WAF:AT · BBG000R17CV9WAF:AH · BBG002F3RCV2WFRSF:US · BBG006X1Y9N5WFRSF:PQ · BBG006X1YB23WFRSF:UV · BBG006X1YB41WAFEUR:EO · BBG00725HNB9WAFEUR:XH · BBG00725HNG4WAFEUR:XF · BBG00725HNJ1WAFEUR:XE · BBG00725HNL8WAFEUR:XJ · BBG00725HNM7WAFEUR:XL · BBG00725HNN6