Westgold Resources Limited Stock Net Income
| WGX Stock | 6.90 0.42 6.48% |
By evaluating key metrics such as revenue growth, profitability, cash flow trends, and balance sheet strength, investors can better assess Westgold Resources' long-term financial health and intrinsic value.
Westgold |
Westgold Resources Limited Company Net Income Analysis
Westgold Resources' Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current Westgold Resources Net Income | 31.16 M |
Most of Westgold Resources' fundamental indicators, such as Net Income, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Westgold Resources Limited is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Based on the recorded statements, Westgold Resources Limited reported net income of 31.16 M. This is 358.89% lower than that of the Basic Materials sector and 122.47% lower than that of the Gold industry. The net income for all Canada stocks is 94.54% higher than that of the company.
Westgold Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Westgold Resources' direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Westgold Resources could also be used in its relative valuation, which is a method of valuing Westgold Resources by comparing valuation metrics of similar companies.Westgold Resources is currently under evaluation in net income category among its peers.
Westgold Fundamentals
| Return On Equity | 0.0261 | ||||
| Return On Asset | 0.0511 | ||||
| Profit Margin | 0.03 % | ||||
| Operating Margin | 0.15 % | ||||
| Current Valuation | 6.01 B | ||||
| Shares Outstanding | 944.83 M | ||||
| Shares Owned By Insiders | 2.98 % | ||||
| Shares Owned By Institutions | 67.84 % | ||||
| Number Of Shares Shorted | 277.64 K | ||||
| Price To Book | 3.36 X | ||||
| Price To Sales | 4.53 X | ||||
| Revenue | 1.22 B | ||||
| Gross Profit | 234.75 M | ||||
| EBITDA | 446.58 M | ||||
| Net Income | 31.16 M | ||||
| Total Debt | 132.01 M | ||||
| Book Value Per Share | 1.94 X | ||||
| Cash Flow From Operations | 320.08 M | ||||
| Short Ratio | 1.50 X | ||||
| Earnings Per Share | 0.04 X | ||||
| Number Of Employees | 1.57 K | ||||
| Beta | 1.21 | ||||
| Market Capitalization | 6.16 B | ||||
| Total Asset | 2.87 B | ||||
| Retained Earnings | 50.42 M | ||||
| Annual Yield | 0 % | ||||
| Net Asset | 2.87 B | ||||
| Last Dividend Paid | 0.03 |
About Westgold Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Westgold Resources Limited's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Westgold Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Westgold Resources Limited based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Westgold Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Westgold Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Westgold Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Westgold Stock
| 0.87 | AEM | Agnico Eagle Mines | PairCorr |
| 0.95 | ABX | Barrick Gold Corp | PairCorr |
| 0.83 | WPM | Wheaton Precious Metals | PairCorr |
| 0.92 | FNV | Franco Nevada | PairCorr |
| 0.81 | K | Kinross Gold Corp | PairCorr |
The ability to find closely correlated positions to Westgold Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Westgold Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Westgold Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Westgold Resources Limited to buy it.
The correlation of Westgold Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Westgold Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Westgold Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Westgold Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Westgold Stock
Westgold Resources financial ratios help investors to determine whether Westgold Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Westgold with respect to the benefits of owning Westgold Resources security.