West African Resources' Stock Rally Has Further to Run -- Market Talk

Dow Jones

Mar 07, 2025

2157 GMT - West African Resources' share price may have shot up 19% in two days after its annual result beat expectations, but Barrenjoey says the miner remains its top stock pick among West African gold companies. "One year forward earnings multiples are still eye watering," says analyst Richard Knights. The bank assumes West African Resources offers a free cash flow yield of 32% in 2026. "If Kiaka is delivered in the September quarter of 2025 as expected, we don't believe this discount will persist, even considering the market's concerns around sovereign risks in Burkina Faso," Barrenjoey says. Its price target rises 3.9%, to A$2.65/share. West African Resources ended Thursday at A$2.11. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

March 06, 2025 16:57 ET (21:57 GMT)

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The bank assumes West African Resources offers a free cash flow yield of 32% in 2026. \"If Kiaka is delivered in the September quarter of 2025 as expected, we don't believe this discount will persist, even considering the market's concerns around sovereign risks in Burkina Faso,\" Barrenjoey says. Its price target rises 3.9%, to A$2.65/share. West African Resources ended Thursday at A$2.11. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 06, 2025 16:57 ET (21:57 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>West African Resources' Stock Rally Has Further to Run -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWest African Resources' Stock Rally Has Further to Run -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-03-07 05:57</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  2157 GMT - West African Resources' share price may have shot up 19% in two days after its annual result beat expectations, but Barrenjoey says the miner remains its top stock pick among West African gold companies. \"One year forward earnings multiples are still eye watering,\" says analyst Richard Knights. The bank assumes West African Resources offers a free cash flow yield of 32% in 2026. \"If Kiaka is delivered in the September quarter of 2025 as expected, we don't believe this discount will persist, even considering the market's concerns around sovereign risks in Burkina Faso,\" Barrenjoey says. Its price target rises 3.9%, to A$2.65/share. West African Resources ended Thursday at A$2.11. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 06, 2025 16:57 ET (21:57 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7104","symbol_name":"黄金","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2517611611","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2517611611","pubTimestamp":1741298220,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2157 GMT - West African Resources' share price may have shot up 19% in two days after its annual result beat expectations, but Barrenjoey says the miner remains its top stock pick among West African gold companies. \"One year forward earnings multiples are still eye watering,\" says analyst Richard Knights. The bank assumes West African Resources offers a free cash flow yield of 32% in 2026. \"If Kiaka is delivered in the September quarter of 2025 as expected, we don't believe this discount will persist, even considering the market's concerns around sovereign risks in Burkina Faso,\" Barrenjoey says. Its price target rises 3.9%, to A$2.65/share. West African Resources ended Thursday at A$2.11. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7104":"黄金","WAF.AU":"WEST AFRICAN RESOURCES LTD","BK7506":"金矿股"},"translate_title":"西非资源公司股价将进一步上涨——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WAF.AU":0.9},"content_text":"2157 GMT - West African Resources' share price may have shot up 19% in two days after its annual result beat expectations, but Barrenjoey says the miner remains its top stock pick among West African gold companies. \"One year forward earnings multiples are still eye watering,\" says analyst Richard Knights. The bank assumes West African Resources offers a free cash flow yield of 32% in 2026. \"If Kiaka is delivered in the September quarter of 2025 as expected, we don't believe this discount will persist, even considering the market's concerns around sovereign risks in Burkina Faso,\" Barrenjoey says. Its price target rises 3.9%, to A$2.65/share. West African Resources ended Thursday at A$2.11. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 06, 2025 16:57 ET (21:57 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}