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The latest update is out from Perenti Global ( (AU:PRN) ).
Perenti Limited has announced the reinstatement of its on-market share buyback program, effective for a 12-month period starting September 12, 2025. This decision reflects the company’s strong financial position, bolstered by consistent free cash flow and the successful integration of DDH1 Limited businesses. The buyback program is part of Perenti’s broader capital management strategy, which includes debt reduction, organic growth, and returning capital to shareholders. The program will be conducted under the ’10/12 limit’ of the Corporations Act 2001, requiring no shareholder approval.
The most recent analyst rating on (AU:PRN) stock is a Buy with a A$2.55 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 is an ASX-listed diversified mining services group specializing in contract mining, drilling services, mining services, and technology solutions. Headquartered in Perth, the company operates across four continents, focusing on creating enduring value for investors, clients, employees, and communities.
Average Trading Volume: 2,939,221
Technical Sentiment Signal: Buy
Current Market Cap: A$2.23B
See more insights into PRN stock on TipRanks’ Stock Analysis page.