Weir Group Secures £40m Contract for Sustainable Tailings Solutions in Chile

Weir Group plc (The) ( (GB:WEIR) ) has shared an announcement.

Weir Group PLC has secured a £40 million contract from Codelco, the world’s largest copper producer, to supply sustainable tailings transport solutions for the Talabre tailings dam expansion in Chile. This project, which will utilize Weir’s GEHO and WARMAN pumps, is expected to enhance the safety and efficiency of tailings management while aligning with Codelco’s sustainability goals. The contract marks the largest order for Weir’s GEHO pumps, highlighting the company’s strong market position and expertise in energy-efficient solutions for large-scale mining operations.

The most recent analyst rating on (GB:WEIR) stock is a Buy with a £2570.00 price target. To see the full list of analyst forecasts on Weir Group plc (The) stock, see the GB:WEIR Stock Forecast page.

Spark’s Take on GB:WEIR Stock

According to Spark, TipRanks’ AI Analyst, GB:WEIR is a Outperform.

The Weir Group plc has a solid financial foundation with strong technical indicators and strategic corporate events. The stock shows good growth potential, supported by recent acquisitions and executive confidence. However, the valuation is moderate, and maintaining leverage and cash flow management is essential for future stability.

To see Spark’s full report on GB:WEIR stock, click here.

More about Weir Group plc (The)

Founded in 1871, The Weir Group PLC is a leading engineering company specializing in sustainable and efficient solutions for the mining and infrastructure sectors. The company provides highly engineered technology and digital solutions to reduce energy, water, and waste usage, supporting long-term demand for essential metals. Weir operates in over 50 countries with around 12,000 employees and is listed on the London Stock Exchange.

Average Trading Volume: 609,813

Technical Sentiment Signal: Buy

Current Market Cap: £6.27B

See more data about WEIR stock on TipRanks’ Stock Analysis page.