Westgold Resources Ltd (ASX: WGX) has more than doubled in value over the past year, but according to the team at UBS, there’s more upside to be had.

This week, the broker issued a new research report on Westgold, after the company put out an update on its Meekatharra expansion plan.

Before we get to the UBS valuation of the company, let’s have a look at what Westgold announced.

Processing expansion numbers stack up

Westgold released the results of a scoping study examining the expansion of capacity at the Meekatharra processing hub from 1.8 million tonnes per year to 2.9 million tonnes per year.

The company said regarding the plans:

The Meekatharra expansion plan is being advanced as a low-capital-intensity, brownfields expansion option that leverages Westgold’s existing Meekatharra infrastructure and long-lead equipment already procured. The preferred pathway is intended to remove an emerging processing constraint and create a larger, more flexible platform for the Murchison ore base, without the cost, risk or timeframe of constructing a new standalone processing plant.  

The expansion plan would add 47,000 ounces of gold production per year once commissioned, with total gold production to rise to 1.6 million ounces over 10 years.

Westgold said the project would cost about $100 million and have a payback period of nine months, with commissioning targeted for FY28.

Westgold Managing Director Wayne Bramwell said:

Meekatharra is the growth engine of Westgold’s Murchison business. As Bluebird–South Junction continues to expand and the Murchison open pit program ramps up, the hub is increasingly moving from being mine-constrained to processing-constrained. The MXP is a capital-efficient brownfields expansion option to address this emerging constraint. It utilises existing infrastructure and long-lead equipment already procured to increase processing capacity from 1.8Mtpa to 2.9Mtpa, without the capital intensity, execution risk or timeframe of building a new plant. Westgold will now commence feasibility-level work to confirm the engineering, capital estimate, delivery schedule and ore source assumptions ahead of a potential investment decision in late FY27.

ASX gold stock looking cheap

UBS said in a note to clients that Westgold could potentially increase gold production to 650,000 ounces per year by 2030, as a result of three separate expansion projects.

The UBS analysts said they visited Meekatharra in July and “could see numerous options for new mining fronts and potential for higher throughput”.

UBS has increased its price target on Westgold shares to $8.25 from $7.75, compared to $6.87 currently.

Westgold is valued at $6.19 billion.

The post This ASX gold producer could jump by 20%, according to UBS appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Wednesday
• Westgold Resources launches $100m Meekatharra expansion plan to boost output
• Westgold Resources lifts Ore Reserves by 41% in 2026 update
• 5 things to watch on the ASX 200 on Wednesday
• Westgold Resources: Maiden Fletcher Ore Reserve announcement

Motley Fool contributor Cameron England has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Domino’s Pizza Enterprises Ltd (ASX: DMP) shares have crashed 12%, following the pizza chain’s FY26 results announcement this morning.

At the time of writing, the shares are trading for $17.70.

They’re now down around 19% for the year-to-date and are 8% lower than trading levels 12 months ago.

What has spooked investors today?

The company reported a 11.2% decrease in revenue, and a statutory NPAT loss of $134.2 million, including $255.7 million in non-cash write-downs and impairments. These were mainly for its France and Taiwan businesses, and also included technology assets and some underperforming corporate stores.

Domino’s underlying NPAT was up 4% for the 12-month period, and in line with guidance, but EBITDA fell 6.1%.

The company also cut its total FY26 dividend by 25.3% to 57.5 cents.

Going forward, Domino’s said it is planning to return to profitable growth in FY27 after a period of resetting its store network and business model. 

Domino’s also confirmed plans to roll out a revised pricing and operating model across Australia, focusing on long-term franchisee profitability and less reliance on aggressive discounting. The move follows a positive trial in Western Australia.

It’s clear that investors weren’t impressed with the results and many have rushed to sell up their shares this morning.

It’s been a difficult year for the fast food operator. The latest decline follows the company’s FY26 half-year result, which it announced in February this year. That half-year result was also a miss for investors and sent the share price crashing.

The shares dropped to a decade-low in mid-May but began recovering through late July after Domino’s posted its preliminary FY 2026 results ahead of today’s announcement. Most of those gains have been shed so far today.

Earlier this month, the company also revealed that Andrew Gregory has commenced as Group Chief Executive Officer and Managing Director. Jack Cowin has also resumed his former position as Non-Executive Chair.

Is the stock a buy, sell or hold now?

I expect that some market experts may revise their outlook on Domino’s shares in the coming days, following today’s results announcement.

But at the time of writing, analysts are still on the fence about the outlook for Domino’s shares this year.

TradingView data shows that out of 18 analysts, three have a buy or strong buy rating and 10 have a hold rating. Another five have a sell/strong sell rating.

The average $18.94 target price implies potential upside of around 7% over the next 12 months, at the time of writing.

But the difference between the maximum and minimum is wide. Some analysts think the shares could rise 46% to $26 per share. Meanwhile, others expect them to sink another 33% to $12 per share, at the time of writing.

The post Domino’s shares crash 12%: Are the shares a buy, sell or hold today? appeared first on The Motley Fool Australia.

More reading

• Why Woolworths, Domino’s and DroneShield shares are turning heads on Wednesday
• Domino’s Pizza Enterprises posts FY26 loss but boosts franchise profitability
• 5 things to watch on the ASX 200 on Wednesday
• These are the 10 most shorted ASX shares
• These are the 10 most shorted ASX shares

Motley Fool contributor Samantha Menzies has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Domino’s Pizza Enterprises. The Motley Fool Australia has recommended Domino’s Pizza Enterprises. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Two popular ASX growth shares are being heavily sold off on Wednesday after releasing their latest results.

DroneShield Ltd (ASX: DRO) is down around 10% to $1.75, while WiseTech Global Ltd (ASX: WTC) has fallen around 6% to $42.88.

For me, both declines are creating an opportunity to look beyond today’s market reaction and focus on what these businesses could become.

DroneShield shares

DroneShield remains a higher-risk investment, but I think the growth opportunity is becoming harder to ignore.

The counter-drone specialist generated record first-half revenue of $125.8 million, representing growth of 74% over the prior corresponding period. More importantly for me, recurring revenue increased 229% to $11.5 million.

Recurring revenue is still a relatively small part of the business, so I would not make too much of it yet. But it shows DroneShield is beginning to build revenue that can continue after the initial hardware sale.

I also like what the company is doing to prepare for much greater demand.

DroneShield completed its new Sydney production facility during the half and established operations in Europe, where more than half of first-half revenue was generated. It finished June with $180 million of cash and term deposits, giving it significant resources to keep investing in production, software, and new products.

The next generation of AI-enabled hardware and software is very interesting to me. Counter-drone technology needs to keep evolving as the threats themselves change, and DroneShield is investing heavily to stay near the front of that development.

At $1.75, I think the sell-off offers an attractive entry point for investors comfortable with considerable risk.

WiseTech shares

WiseTech is a much more established business, but I think today’s result shows there is still plenty for long-term investors to look forward to.

CargoWise sits at the centre of the company’s opportunity. It provides software that helps global logistics companies manage the movement of goods across borders, including freight forwarding, customs, warehousing, and other complex processes.

One development that caught my attention is that more than 95% of CargoWise customers have now moved onto WiseTech’s new Value Packs commercial model. This is designed to move the company further towards charging for the value and transactions flowing through CargoWise rather than traditional seat-based pricing.

I think that could become increasingly valuable as WiseTech adds more automation and AI to the platform.

The e2open acquisition also gives the company a much larger presence across global trade and supply chains. WiseTech has already achieved substantial cost savings from integrating the business, while free cash flow increased 43% to US$410.7 million in FY26.

The outlook gives me another reason to remain positive.

Management expects underlying EBITDA to grow by 12% to 21% in FY27, with the underlying EBITDA margin rising to between 49% and 51%.

That suggests WiseTech could continue getting more profitable as it integrates e2open, rolls out new products, and uses AI to improve both its software and internal operations.

At around $42.88, I would be happy to use today’s weakness to build a long-term position.

Foolish takeaway

In both cases, I can see businesses investing heavily today to pursue opportunities that could be substantially larger several years from now.

DroneShield carries considerably more risk and would warrant a smaller position in my portfolio. WiseTech has a more established business and stronger cash generation.

But after Wednesday’s falls, I think both shares are worth buying with a long-term view.

The post Why I’d buy the dip on DroneShield and WiseTech shares appeared first on The Motley Fool Australia.

More reading

• Are DroneShield shares a buy, sell or hold following their half-year FY26 results today?
• Why Woolworths, Domino’s and DroneShield shares are turning heads on Wednesday
• Why are WiseTech shares crashing 8.5% today?
• DroneShield share price in focus as record revenue meets interim loss
• WiseTech Global share price: FY26 earnings soar 79% on e2open acquisition

Motley Fool contributor Grace Alvino has positions in DroneShield. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended DroneShield and WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.