Perenti Bull Cheers Improving Earnings Quality, Growth Outlook
Dow Jones
Aug 11
0327 GMT - Perenti's earnings quality continues to improve amid an ongoing transition in its project portfolio and focus on lower-risk jurisdictions, says Macquarie. The ASX-listed mining-services company concluded projects in Burkina Faso, Senegal and Botswana at the end of FY25 and during 1H26. At the same time, it is expanding in North America, the bank says. "With multiple contracts ramping up through CY26 and a healthy tender pipeline for new and existing projects, we see growth accelerating," says Macquarie. The bank reiterates an outperform rating on Perenti and raises its target to A$2.85/share from A$2.70/share. The stock is down 1.7% at A$2.35.
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