Austin Engineering Expands Growth in Mining Buckets Sector

Austin Engineering ( (AU:ANG) ) has shared an announcement.

Austin Engineering, a prominent player in the mining equipment industry, is advancing its growth strategy by focusing on the mining buckets sector, which promises performance improvements similar to its truck bodies. With a strong recurring revenue stream and a notable return on equity, the company is well-positioned to strengthen its market presence and deliver high returns on investment to its customers.

The most recent analyst rating on (AU:ANG) stock is a Buy with a A$0.60 price target. To see the full list of analyst forecasts on Austin Engineering stock, see the AU:ANG Stock Forecast page.

More about Austin Engineering

Austin Engineering is a leading company in the mining industry, specializing in the design and manufacture of customized dump truck bodies, buckets, water tanks, tyre handlers, and other ancillary products. The company is recognized as the largest global producer of customized truck bodies and is expanding its presence in the mining buckets sector, known for delivering performance enhancements over OEM products.

Average Trading Volume: 1,569,089

Technical Sentiment Signal: Sell

Current Market Cap: A$214.1M

Learn more about ANG stock on TipRanks’ Stock Analysis page.