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Perenti Global ( (AU:PRN) ) has issued an update.
Perenti’s underground mining business, Barminco, has secured a four-year contract valued at approximately A$300 million with Ramelius Resources for the Dalgaranga Gold Project. This contract, which includes an option to extend for 12 months, will enhance Barminco’s scale and contribute to Perenti’s Australian earnings and cash generation, reinforcing its industry position and stakeholder value.
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 Global is a diversified mining services group listed on the ASX, with operations spanning contract mining, drilling services, and technology solutions. Headquartered in Perth, the company operates across four continents, focusing on delivering enduring value to investors, clients, employees, and the communities it serves.
Average Trading Volume: 2,919,636
Technical Sentiment Signal: Buy
Current Market Cap: A$2.25B
Find detailed analytics on PRN stock on TipRanks’ Stock Analysis page.