Capital Limited Secures Major Contract Awards and Expands Global Operations

Capital Drilling ( (GB:CAPD) ) has provided an update.

Capital Limited has announced significant new contract awards, including a three-year borehole drilling services contract at the Reko Diq copper-gold project, which marks a new revenue stream and strengthens its partnership with Barrick. Additionally, the company has secured multiple exploration drilling contracts in regions such as Côte d’Ivoire, Mali, and Gabon, reflecting increased demand driven by high gold prices. MSALABS, a division of Capital, has also expanded its operations with a new laboratory in Nevada and secured contract extensions and new awards in Mauritania and Namibia, highlighting the company’s growing footprint in the mining services sector.

The most recent analyst rating on (GB:CAPD) stock is a Buy with a £145.00 price target. To see the full list of analyst forecasts on Capital Drilling stock, see the GB:CAPD Stock Forecast page.

Spark’s Take on GB:CAPD Stock

According to Spark, TipRanks’ AI Analyst, GB:CAPD is a Outperform.

Capital Drilling demonstrates solid financial health and is potentially undervalued, with a strong dividend yield adding to its appeal. Positive technical indicators and recent strategic contracts further enhance its prospects, although there are challenges in profitability margins and executive changes.

To see Spark’s full report on GB:CAPD stock, click here.

More about Capital Drilling

Capital Limited is a leading mining services company that specializes in drilling and laboratory services. The company operates in the mining industry, providing essential services such as borehole drilling and exploration drilling, with a focus on supporting major mining projects like the Reko Diq copper-gold project.

Average Trading Volume: 254,822

Technical Sentiment Signal: Hold

Current Market Cap: £147.9M

For an in-depth examination of CAPD stock, go to TipRanks’ Overview page.