Overview
Perenti Ltd provides contract mining and drilling services to the resources sector, giving investors exposure to activity across mining projects rather than direct ownership of the commodities produced. At A$2.21, its shares sit within a 52-week range of A$1.75 to A$3.07. The company combines scale and a 3.55% dividend yield with a sharply negative reported revenue-growth figure, so the quality and durability of its operating results matter alongside headline valuation.
Perenti is an Australian mining-services group with operations spanning contract mining and drilling. Its work includes underground and surface mining, technical services, directional and underground diamond drilling, blasting and in-pit grade control. Rather than selling mined commodities itself, the business provides services to mining operators, so its prospects are tied to customers’ project activity and demand for outsourced mining expertise. The supplied trailing revenue is A$3.3B, against a market capitalisation of 2.1B.
Key facts
- Ticker
- PRN
- Exchange
- AU
- ISIN
- AU0000061897
- Sector
- Basic Materials
- Industry
- Other Industrial Metals & Mining
- Country
- Australia
- Currency
- AUD
- Price
- A$2.21
- Previous close
- A$2.20
- Day change
- +A$0.01 (+0.45%)
- Market cap
- 2.1B
- 52W low
- A$1.75
- 52W high
- A$3.07
Price and trend
Last price: A$2.21
- Price
- A$2.21
- 52W range
- A$1.75 – A$3.07
- 50-day SMA
- A$2.27
- 200-day SMA
- A$2.29
- Price vs 50D SMA
- -2.57%
- Price vs 200D SMA
- -3.33%
Valuation
- P/E
- 24.61
- PEG
- 0.50
- EPS
- 0.09
- Dividend yield
- 3.55%
- Beta
- 0.30
At A$2.21, Perenti is valued at about 24.6 times earnings, with EPS of A$0.09. The supplied PEG ratio is 0.50, although its interpretation depends on the growth assumptions behind it; the reported revenue-growth figure is -190.00%, making growth context particularly important. A 3.55% dividend yield adds an income component, but does not by itself establish the sustainability of distributions. The supplied 56.00% profit margin is a notable figure to weigh against the company’s operating performance and the volatility reflected in the growth data.
Profitability and growth
- Revenue growth
- -190.00%
- Revenue TTM
- 3.3B
- Profit margin
- 56.00%
Analyst view
Comparison uses the last price shown; targets are analyst estimates.
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- Price
- A$2.21
- Target price
- A$2.80
- Target vs last price
- 26.61% from last price
The supplied analyst target is A$2.80, or 26.61% from the last price of A$2.21. This is a secondary reference point, not a forecast certainty; operating delivery, customer activity and broader market conditions remain central to the investment case.
Risks
Perenti’s contract mining and drilling activity is exposed to customers’ mining plans and spending, which can shift with project economics and the resources cycle. The supplied revenue-growth figure of -190.00% points to substantial reported volatility, while the 56.00% profit-margin figure should be considered alongside the broader operating picture rather than in isolation. The 3.55% dividend yield is not a guarantee of future distributions. The share price was also below both supplied moving averages, and has traded between A$1.75 and A$3.07 over the past 52 weeks.
FAQ
What does Perenti do?
Perenti provides contract mining and drilling services, including underground and surface mining, drilling, blasting and related technical services.
What is Perenti’s dividend yield?
The supplied dividend yield is 3.55%, with a dividend per share of A$0.078. Yield can change with the share price, and the figure alone does not indicate whether future dividends will be maintained.
How has PRN traded against its moving averages?
At A$2.21, the share price was below its 50-day moving average of A$2.27 and its 200-day moving average of A$2.29. Those averages provide technical context, but do not determine future performance.
*This content is aimed to provide general information only, and does not take your personal objectives, financial situation or needs into account.
