tiprankstipranks
Advertisement
Advertisement

Perenti Continues On-Market Share Buy-Back Program

Story Highlights
  • Perenti reported an updated ASX notice on its ongoing on-market buy-back of ordinary shares.
  • The company has repurchased over 1.27 million shares in total, underscoring active capital management and confidence.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Perenti Continues On-Market Share Buy-Back Program

Claim 30% Off TipRanks

Perenti Global ( (AU:PRN) ) has shared an announcement.

Perenti Limited has provided an updated notification to the ASX regarding its on-market share buy-back of ordinary fully paid shares. The latest update, dated 23 March 2026, confirms that the company is continuing its previously announced buy-back program, which commenced in September 2025 and involves purchases of its PRN securities on market.

According to the filing, Perenti has bought back a cumulative total of 1,161,974 shares prior to the most recent trading day and acquired a further 109,971 shares on the previous day. The ongoing repurchases signal continued capital management activity, which may support earnings per share and indicate management’s confidence in the company’s valuation for existing shareholders.

The most recent analyst rating on (AU:PRN) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Perenti Global stock, see the AU:PRN Stock Forecast page.

More about Perenti Global

Perenti Limited is an Australia-based mining services contractor listed on the ASX under the code PRN. The company provides contract mining, drilling and related mining support services to resource companies, with a primary focus on large-scale surface and underground mining projects in global resource markets.

YTD Price Performance: -32.97%

Average Trading Volume: 2,864,141

Technical Sentiment Signal: Hold

Current Market Cap: A$1.76B

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

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1