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These 3 ASX mining companies closed lower today // The Motley Fool Australia
The ASX materials sector dipped a collective 1.06% today and these 3 mining companies – all with strong buy ratings – fell right along with it. Let’s take a closer look.
Westgold Resources Ltd (ASX: WGX)
The Westgold Resources share price took an 8.65% hit today, closing at $2.43. This is in contrast to the company’s previous six-month performance which has seen Westgold shares shoot close to 13% higher.
According to its investor presentation in December for the financial year ending 30 June 2020, the company boasted a 131% gain in its profit per share. Revenue also zoomed up, increasing 18% to $492.3 million for the period.
The Institutional Brokers Estimates System (IBES) currently rates Westgold Resources a strong…
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