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North American Construction Group Secures Historic $2 Billion Contract in Australia

Story Highlights
  • NACG signed a $2.0 billion contract extension in Queensland, Australia.
  • The contract increases NACG’s backlog to a record $4.0 billion, ensuring revenue visibility through 2029.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
North American Construction Group Secures Historic $2 Billion Contract in Australia

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North American Construction Group ( (TSE:NOA) ) has shared an announcement.

On August 6, 2025, North American Construction Group Ltd. announced a significant milestone with the signing of a $2.0 billion, five-year contract extension with a leading coal producer in Queensland, Australia. This contract, the largest in the company’s history, boosts NACG’s total contractual backlog to a record $4.0 billion as of March 31, 2025, providing substantial revenue visibility through 2029. The contract introduces risk and reward mechanisms to align NACG with the client’s operational goals, further solidifying its industry position and long-term growth prospects.

The most recent analyst rating on (TSE:NOA) stock is a Buy with a C$45.00 price target. To see the full list of analyst forecasts on North American Construction Group stock, see the TSE:NOA Stock Forecast page.

Spark’s Take on TSE:NOA Stock

According to Spark, TipRanks’ AI Analyst, TSE:NOA is a Neutral.

North American Construction Group scores a 64, reflecting a balance between strong revenue growth and operational efficiency against challenges in profitability and financial leverage. The technical indicators suggest a cautious outlook, while recent corporate events and earnings call insights provide a mixed sentiment with strategic growth amid financial constraints.

To see Spark’s full report on TSE:NOA stock, click here.

More about North American Construction Group

North American Construction Group Ltd. (NACG) is one of the largest providers of heavy construction and mining services in Australia and Canada. With over 70 years of experience, NACG serves the mining, resource, and infrastructure construction markets. Its subsidiary, MacKellar Group, specializes in heavy earthmoving equipment solutions and has a strong reputation for performance and reliability in Australia.

Average Trading Volume: 71,903

Technical Sentiment Signal: Sell

Current Market Cap: C$593.9M

Find detailed analytics on NOA stock on TipRanks’ Stock Analysis page.

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