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Perenti Global ( (AU:PRN) ) has provided an announcement.
Perenti Limited announced that its subsidiary, Barminco Limited, is facing a $46 million claim from MMG Dugald River Pty Ltd in the Supreme Court of Queensland. The claim relates to a contract for underground mining services at the Dugald River Mine, completed in February 2023. Barminco denies liability and plans to vigorously defend against the claim while pursuing a counterclaim. Perenti’s financial guidance remains unchanged, indicating confidence in their legal position.
The most recent analyst rating on (AU:PRN) stock is a Buy with a A$1.35 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: 2,399,577
Technical Sentiment Signal: Buy
Current Market Cap: A$1.64B
See more data about PRN stock on TipRanks’ Stock Analysis page.