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Monadelphous Group Limited ( (AU:MND) ) has shared an announcement.
Monadelphous Group Limited announced the award of new construction and maintenance contracts in the resources sector, valued at approximately $140 million. These include a three-year extension to its maintenance agreement with BHP’s iron ore operations in Western Australia, reappointment to the WAIO Site Engineering Panel, and various projects under BHP and Rio Tinto agreements. These contracts are expected to enhance Monadelphous’s operational capacity and reinforce its market position in the resources sector, providing significant opportunities for growth and collaboration with major industry players.
The most recent analyst rating on (AU:MND) stock is a Buy with a A$23.60 price target. To see the full list of analyst forecasts on Monadelphous Group Limited stock, see the AU:MND Stock Forecast page.
More about Monadelphous Group Limited
Monadelphous Group Limited is a leading Australian engineering group with over 50 years of experience, providing construction, maintenance, and industrial services to the resources, energy, and infrastructure sectors. The company operates through two main divisions: Engineering Construction and Maintenance and Industrial Services. It is headquartered in Perth, Western Australia, with a significant presence in Brisbane and other locations across Australia, as well as international offices in China, Mongolia, Papua New Guinea, Vietnam, and the Philippines.
YTD Price Performance: 67.37%
Average Trading Volume: 228,212
Technical Sentiment Signal: Buy
Current Market Cap: A$2.25B
Find detailed analytics on MND stock on TipRanks’ Stock Analysis page.