0245 GMT - West African Resources bull Macquarie says it will be watching closely for a maiden dividend or buybacks, or both, in the second half of 2026. "Kiaka ownership uncertainty has been resolved, and WAF finally has some clean air," says Macquarie in a note. "Moving forward, capital management key to watch." The company could also look for M&A opportunities elsewhere in West Africa now that its balance sheet is in a robust position, Macquarie says. The bank has an outperform rating and A$4.00 target on the stock. Shares are down 3.8% at A$3.08. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
April 27, 2026 22:45 ET (02:45 GMT)
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