Weir Group Sees Strong Growth in Mining Orders
Company Announcements

Weir Group Sees Strong Growth in Mining Orders

Weir Group plc (The) (GB:WEIR) has released an update.

Weir Group PLC announced strong growth in its original equipment orders, driven by large contracts for greenfield projects like Reko Diq and OCP, which bolsters its position in sustainable mining solutions. The company’s aftermarket demand remains robust, particularly in core mining markets, despite some timing variations in large orders. With a successful cost-saving program and positive order momentum, Weir reiterates its 2024 guidance for increased revenue and operating profit.

For further insights into GB:WEIR stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyWeir Group price target raised to 2,300 GBp from 2,075 GBp at JPMorgan
TipRanks UK Auto-Generated NewsdeskWeir Group Executives Boost Shareholdings
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App