About West African Resources Limited (WAF)
West African Resources Limited is a Gold company operating in the Basic Materials sector. The company is headquartered in Subiaco, Australia. WAF has been publicly traded since 2010, giving it 16+ years of trading history.
West African Resources Limited (WAF) has been publicly traded since 2010, making it a 16-year-old public company. It operates in the Gold industry within the Basic Materials sector. The company is headquartered in Subiaco, Australia. With a market capitalization of A$3.2 billion, WAF is a mid-sized company with growth potential.
WAF trades on the Australian Securities Exchange and is classified as a mid-cap-cap stock with a market capitalization of approximately A$3.2 billion.
Key Statistics
- Current Price
- A$2.83
- Market Cap
- A$3.23B
- 52-Week High
- A$3.97
- 52-Week Low
- A$1.92
- Sector
- Basic Materials
- Industry
- Gold
WAF Investment Performance
WAF has declined 5.7% year-to-date in 2026. Over the past 5 years, a A$1,000 investment in WAF would have grown to A$3,699, representing a 269.9% total return. Since its IPO in 2010, a A$1,000 investment would now be worth A$10,105.
A$1,000 Invested in West African Resources Limited (WAF)
How much would A$1,000 invested in WAF be worth today?
What would A$1,000 invested in WAF 1 year ago be worth today?
A A$1,000 investment in West African Resources Limited (WAF) in 2025 would be worth A$1,220 as of March 2026, representing a +22.0% total return.
What would A$1,000 invested in WAF 3 years ago be worth today?
A A$1,000 investment in West African Resources Limited (WAF) in 2023 would be worth A$2,948 as of March 2026, representing a +194.8% total return.
What would A$1,000 invested in WAF 5 years ago be worth today?
A A$1,000 investment in West African Resources Limited (WAF) in 2021 would be worth A$3,699 as of March 2026, representing a +269.9% total return.
What would A$1,000 invested in WAF 10 years ago be worth today?
A A$1,000 investment in West African Resources Limited (WAF) in 2016 would be worth A$19,514 as of March 2026, representing a +1851.4% total return.
What would A$1,000 invested in WAF at IPO be worth today?
A A$1,000 investment in West African Resources Limited (WAF) at IPO would be worth A$10,105 as of March 2026, representing a +910.5% total return.
Monthly Returns Heatmap
Over the past 15+ years (189 months), West African Resources Limited (WAF) has averaged a monthly return of +2.77% with a median return of +0.00%. The stock had 93 positive months (49%) and 85 negative months (45%). The best month in WAF's history was March 2016 with a +154.4% return, while the worst was April 2014 at -33.3%. Historically, March tends to be the strongest month (averaging +14.9%), and November the weakest (-2.2%).
WAF's longest winning streak was 5 consecutive months of gains, while its longest losing streak was 4 consecutive months of losses. The best full year was 2016 with a cumulative return of +191.6%, and the worst was 2013 at -56.2%.
Annual Returns
Over 16 years of trading history, West African Resources Limited (WAF) has delivered an average annual return of +29.56% with a median return of -5.38%. The compound annual growth rate (CAGR) is +11.44%. The stock posted gains in 7 years (44%) and losses in 9 years (56%).
WAF's best year was 2016 with a +214.29% gain, while the worst was 2013 at -50.00%. The longest streak of consecutive positive years was 3, and the longest losing streak was 5 years. WAF achieved double-digit gains (10%+) in 7 years. It suffered double-digit losses in 7 years.
| Year | Return | Start | End |
|---|---|---|---|
| 2026 | -5.67% | A$3.00 | A$2.83 |
| 2025 | +109.06% | A$1.43 | A$3.00 |
| 2024 | +51.85% | A$0.94 | A$1.43 |
| 2023 | -19.57% | A$1.17 | A$0.94 |
| 2022 | -10.98% | A$1.32 | A$1.17 |
| 2021 | +26.32% | A$1.04 | A$1.32 |
| 2020 | +143.02% | A$0.43 | A$1.04 |
| 2019 | +72.00% | A$0.25 | A$0.43 |
| 2018 | -39.02% | A$0.41 | A$0.25 |
| 2017 | +86.36% | A$0.22 | A$0.41 |
| 2016 | +214.29% | A$0.07 | A$0.22 |
| 2015 | -30.00% | A$0.10 | A$0.07 |
| 2014 | -28.57% | A$0.14 | A$0.10 |
| 2013 | -50.00% | A$0.28 | A$0.14 |
| 2012 | -5.08% | A$0.29 | A$0.28 |
| 2011 | -41.00% | A$0.50 | A$0.29 |
WAF Investment Analysis: Valuation, Risk & Dividends
Key factors to consider when evaluating West African Resources Limited as an investment
Valuation
WAF currently trades at a trailing P/E ratio of 9.8, which is considered low relative to the broader market. The forward P/E of 2.5 suggests analysts expect earnings to be lower in the coming year. The price-to-book ratio stands at 2.2. The price-to-sales ratio is 3.7.
Dividends
West African Resources Limited does not currently pay a dividend, choosing to reinvest earnings back into the business for growth.
Risk & Volatility
WAF has a beta of 1.28, indicating it is significantly more volatile than the overall market. The stock's 52-week range is A$1.92 to A$3.97, and it currently trades in the lower half of its 52-week range.
Analyst Ratings
Based on 4 analyst opinions, WAF has a consensus "strong_buy" rating. The average price target of A$5.25 suggests 85.5% upside from current levels.
Frequently Asked Questions: WAF
What sector is WAF in? ▼
WAF operates in the Basic Materials sector, specifically in the Gold industry.
How has WAF performed historically? ▼
Over 16 years of trading history, WAF has posted gains in 7 years (44% of the time). The best year was 2016 with a +214.3% return. Past performance does not guarantee future results.
How can I invest in WAF? ▼
You can invest in WAF through any brokerage account that offers access to the Australian Securities Exchange. Popular options include commission-free brokers like Fidelity, Charles Schwab, or Robinhood (US), or international brokers like Interactive Brokers. You can buy individual shares or invest through ETFs that hold WAF.
Does WAF pay dividends? ▼
West African Resources Limited does not currently pay a dividend, choosing to reinvest earnings back into the business for growth.
What does West African Resources Limited do? ▼
West African Resources Limited is a Gold company operating in the Basic Materials sector. The company is headquartered in Subiaco, Australia.
What sector is WAF in? ▼
WAF operates in the Basic Materials sector, specifically in the Gold industry.
When did WAF go public? ▼
West African Resources Limited went public in 2010, making it a 16-year-old public company as of 2026.
How much would A$1,000 invested in WAF 5 years ago be worth today? ▼
A A$1,000 investment in WAF five years ago would be worth approximately A$3,699 today, representing a 269.9% return.
How much would A$1,000 invested in WAF 10 years ago be worth today? ▼
A A$1,000 investment in WAF ten years ago would be worth approximately A$19,514 today, representing a 1851.4% total return over the decade.
What is WAF's 3-year return? ▼
Over the past 3 years, WAF has returned 194.8%. A A$1,000 investment would have grown to A$2,948.
How much would A$1,000 invested in WAF at IPO be worth today? ▼
If you invested A$1,000 in WAF at its IPO in 2010, it would be worth approximately A$10,105 today, a 910.5% return over 16 years.
Does WAF pay dividends? ▼
No, West African Resources Limited does not currently pay a dividend. The company reinvests its earnings into growth.
What is WAF's market cap? ▼
West African Resources Limited has a market capitalization of A$3.2 billion, classifying it as a mid-cap company.
What is WAF's P/E ratio? ▼
WAF has a trailing P/E ratio of 9.8 and a forward P/E of 2.5, which measures how much investors are paying per dollar of earnings.
Is WAF a buy, hold, or sell? ▼
Based on 4 opinions, WAF has a consensus "strong_buy" rating. The average price target is A$5.25.
Last updated: 3/15/2026