Monadelphous Secures Over $110 Million in New Contracts

Monadelphous Group Limited ( (AU:MND) ) has shared an update.

Monadelphous Group Limited has announced the award of new construction and maintenance contracts worth over $110 million in the resources and infrastructure sectors. These contracts include electrical and instrumentation services for Rio Tinto’s Parker Point Stockyard Sustaining Project in Western Australia and the Fitzroy to Gladstone Pipeline in Central Queensland. Additionally, the company has secured a five-year extension for its maintenance services at Newmont’s gold operations in Boddington and Tanami, demonstrating its strong market position and ongoing client trust.

The most recent analyst rating on (AU:MND) stock is a Buy with a A$15.93 price target. To see the full list of analyst forecasts on Monadelphous Group Limited stock, see the AU:MND Stock Forecast page.

More about Monadelphous Group Limited

Monadelphous Group Limited is a leading Australian engineering group with over 50 years of experience, providing construction, maintenance, and industrial services to the resources, energy, and infrastructure sectors. The company operates through two divisions: Engineering Construction and Maintenance and Industrial Services. Headquartered in Perth, Western Australia, Monadelphous has a significant presence across Australia and in several international locations, including China, Mongolia, Papua New Guinea, Vietnam, and the Philippines.

YTD Price Performance: 38.68%

Average Trading Volume: 219,182

Technical Sentiment Signal: Buy

Current Market Cap: A$1.89B

For detailed information about MND stock, go to TipRanks’ Stock Analysis page.