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The latest announcement is out from Perenti Global ( (AU:PRN) ).
Perenti Limited has announced the final notification of its on-market buy-back program, purchasing a total of 15,181,948 ordinary fully paid securities for a consideration of AUD 18,469,553.45. This buy-back is part of the company’s strategy to optimize its capital structure and enhance shareholder value, reflecting its commitment to returning capital to shareholders and potentially improving its market position.
The most recent analyst rating on (AU:PRN) stock is a Buy with a A$2.50 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 a diversified mining services company that operates in the mining industry. The company provides a range of mining services, including surface and underground mining, drilling, and blasting, with a focus on delivering value to its clients across various mining sectors.
Average Trading Volume: 2,883,391
Technical Sentiment Signal: Buy
Current Market Cap: A$2.26B
For detailed information about PRN stock, go to TipRanks’ Stock Analysis page.