NRW Contract Extension Improves Top-Line Visibility

Dow Jones
Sep 01

0101 GMT - NRW Holdings' A$960 million, five-year contract extension at the Karara iron ore mine materially improves revenue visibility from FY 2028 onward, says Euroz Hartleys. "The contract win is a welcome expansion and demonstrates the ongoing contract newsflow we expect to continue as operating cadence builds," says the broker. It reiterates a buy rating and A$9.06/share target. The stock is up 4.2% at A$7.88/share.

 

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10