West African Resources Limited (ASX:WAF)
Australia flag Australia · Delayed Price · Currency is AUD
3.545
+0.115 (3.35%)
Oct 7, 2026, 11:10 AM AEST

West African Resources Stock Forecast

Stock Price Forecast

According to 4 analysts polled by S&P Global, West African Resources stock has a consensus rating of "Strong Buy" and an average price target of $4.85. The average 1-year stock price forecast is 36.81% higher than the current stock price, while the lowest is $4.00 (+12.83%) and the highest is $6.25 (+76.30%).

Price Target: $4.85 (+36.81%)
Analyst Consensus: Strong Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price$4.00$4.85$4.58$6.25
Change+12.83%+36.81%+29.20%+76.30%

Analyst Ratings

The average analyst rating for West African Resources stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Chart
RatingMay '26Jun '26Jul '26Aug '26Sep '26Oct '26
Strong Buy333333
Buy111111
Hold000000
Sell000000
Strong Sell000000
Total444444

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Unknown Analyst
Ord Minnett
No rating
Ord Minnett
Buy
Maintains
$4.45
BuyMaintains$4.45+25.53%Sep 29, 2026
Macquarie
Macquarie
Hold
Downgrades
$4.00
HoldDowngrades$4.00+12.83%Sep 14, 2026
Canaccord Genuity
Canaccord Genuity
Buy
Maintains
$5.75
BuyMaintains$5.75+62.20%Sep 11, 2026

Financial Forecast

Revenue This Year
2.83B
from 1.54B
Increased by 83.21%
Revenue Next Year
2.85B
from 2.83B
Increased by 0.86%
EPS This Year
0.72
from 0.41
Increased by 74.79%
EPS Next Year
0.76
from 0.72
Increased by 4.66%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
712.14M608.23M661.23M730.00M1.54B2.83B
Revenue Growth
128.86%-14.59%8.71%10.40%111.37%83.21%
Operating Income
387.42M258.72M236.42M329.90M819.50M1.51B
Net Income
188.96M164.44M146.87M223.80M473.90M792.68M
EPS
----0.410.72
EPS Growth
----100.49%74.79%
Forward PE
7.067.238.065.103.094.91
Free Cash Flow
----358.40M855.33M
No. Analysts
-----3
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is AUD.

Revenue Forecast

Revenue202620272028
High2.9B
Avg2.8B
Low2.8B

Revenue Growth

Revenue Growth202620272028
High
85.5%
Avg
83.2%
Low
79.6%

EPS Forecast

EPS202620272028
High0.93
Avg0.72
Low0.59

EPS Growth

EPS Growth202620272028
High
126.2%
Avg
74.8%
Low
42.9%