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The latest update is out from Macmahon Holdings Limited ( (AU:MAH) ).
Macmahon Holdings Limited has secured a new three-year contract valued at $792 million to continue providing open cut mining services at the Byerwen coking coal mine in Queensland’s Bowen Basin. This contract, which may extend to five years and $1.32 billion, underscores the importance of the QCoal relationship and Byerwen project to Macmahon’s growth. With existing personnel and equipment already in place, no additional capital expenditure is needed, maintaining the company’s FY26 guidance.
The most recent analyst rating on (AU:MAH) stock is a Buy with a A$0.65 price target. To see the full list of analyst forecasts on Macmahon Holdings Limited stock, see the AU:MAH Stock Forecast page.
More about Macmahon Holdings Limited
Macmahon Holdings Limited is an ASX-listed company that provides comprehensive mining and civil infrastructure services across Australia and Southeast Asia. With expertise in surface and underground mining, as well as civil infrastructure, Macmahon is recognized as a preferred contractor for various projects, including resources, non-resources, public infrastructure, and renewables. The company emphasizes strong, transparent relationships with clients to ensure mutually beneficial outcomes and risk minimization.
Average Trading Volume: 3,003,126
Technical Sentiment Signal: Buy
Current Market Cap: A$1.2B
See more data about MAH stock on TipRanks’ Stock Analysis page.