West African Resources Ltd (WFRSF) Receives a Buy from Macquarie

The company’s shares closed last Monday at $0.93.

According to, Bowler is a 3-star analyst with an average return of 12.5% and a 68.8% success rate. Bowler covers the Basic Materials sector, focusing on stocks such as Silver Lake Resources Limited, Ramelius Resources Limited, and Gold Road Resources Ltd.

West African Resources Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $1.06, a 10.6% upside from current levels. In a report issued on March 7, Shaw and Partners also maintained a Buy rating on the stock with a price target.

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Based on West African Resources Ltd’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $0. In comparison, last year the company earned revenue of $38K and had a GAAP net loss of $4.77 million.

Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is neutral on the stock.

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West African Resources Ltd is engaged in mineral exploration in Burkina Faso. It focuses on the development of the Sanbrado Gold Project. The Group’s mineral portfolio also includes gold and copper-gold exploration permits in Burkina Faso. The company operates in two segments: Mining operations and Exploration.

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