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Perenti (ASX:PRN), a mining services contractor, has recovered strongly after difficult years. In December 2025, Oracle Advisory Group said it holds Perenti on the same thesis as NRW Holdings, expecting earnings over the next few years to be better than anticipated. Maple-Brown Abbott named Perenti a pick, noting its Barminco underground contracting business had a really tough 2023 and 2024 before improving, and Infinity trimmed its position, locking in profits after strong share price performance. Perenti operates in the Materials sector within the Metals and Mining industry, and Thesis Tracker has captured 6 comments from 5 fund managers, including Oracle, Maple-Brown Abbott and Infinity. Founded in 1987 and headquartered in Perth, Perenti provides underground and surface mining services, drilling, mining support and technology services to gold, copper and other mining companies in Australia, Africa and North America through businesses including Barminco, Ausdrill and DDH1.
Company figures as of 15 Oct 2026. For information only.
Fund managers including Forager Funds, Infinity Asset Management, Maple-Brown Abbott, Alliance Bernstein and Oracle Advisory Group have invested in Perenti Ltd (ASX:PRN).
Oracle and Maple-Brown Abbott expect earnings to beat expectations as Perenti's Barminco underground business recovers from a tough period, supported by strong mining activity.
Infinity trimmed after strong gains, and Maple-Brown Abbott notes Perenti's history of difficult years, highlighting contract and operational risks.
Perenti Ltd. is a Perth-based mining and energy services company founded in 1987. It provides exploration, mine development, surfacing, underground mining, and infrastructure services. The company operates through four segments: Contract Mining (underground and surface services), Drilling Services (full mine life cycle support), Mining and Technology Services (equipment hire, sales, logistics, and technology solutions), and Corporate (strategic and administrative functions). Perenti delivers comprehensive technical and operational support across the global mining industry.
General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.
11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.