2342 GMT - Wilsons analysts see potential for DUG Technology's valuation multiple to expand as the mining-tech provider increases the pace and size of its services contract wins. Already bullish on the stock, they tell clients in a note that they don't consider their target multiple of 7 times Ebitda to be particularly onerous. They think that the Australia-listed company can generate about US$8 million in annual Ebitda from its new contract with Malaysia's Petronas, which represents meaningful upside to the US$15 million the company reported in its last fiscal year. Wilsons lifts its target price 22% to A$2.86 and keeps an overweight rating on the stock. Shares are at A$2.53 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
September 16, 2025 19:43 ET (23:43 GMT)
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