Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Monadelphous Group Limited ( (AU:MND) ) has issued an announcement.
Monadelphous Group Limited has secured a major construction contract from BHP worth approximately $175 million for works associated with a car dumper project at Finucane Island in Port Hedland, Western Australia. The scope includes civil, structural, mechanical, piping and electrical works to replace key equipment during a planned major shutdown, reinforcing Monadelphous’ longstanding relationship with BHP and underscoring its strong track record in car dumper projects following the successful completion of the Car Dumper 3 project at Nelson Point last year, which is likely to support revenue and strengthen its positioning in the resources construction and maintenance market.
The most recent analyst rating on (AU:MND) stock is a Buy with a A$28.75 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 more than 50 years of experience, providing construction, maintenance and industrial services to the resources, energy and infrastructure sectors. The company operates through two main divisions: Engineering Construction, which delivers large-scale multidisciplinary project management and construction services, and Maintenance and Industrial Services, which focuses on mechanical and electrical maintenance, shutdowns, fixed plant services and sustaining capital works across Australia and select international locations.
YTD Price Performance: 0.08%
Average Trading Volume: 222,027
Technical Sentiment Signal: Buy
Current Market Cap: A$2.65B
See more insights into MND stock on TipRanks’ Stock Analysis page.