North American Construction Group (NOA)
Deploys heavy equipment and services for mining, civil, and infrastructure projects in Canada and Australia.
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Deploys heavy equipment for mine-site and civil work, alongside maintenance, rebuild, and infrastructure services. Heavy Equipment–Canada and Heavy Equipment–Australia are its reportable operating segments, with acquired Australian platforms now central to the business.
Provides mining and heavy-civil construction services to resource-development, industrial-construction, and infrastructure customers across Canada, the United States, and Australia. Its core capability is owning and deploying heavy equipment for mine-site and civil work, supplemented by maintenance and rebuild services. Canadian operations grew from an oil-sands base, while MacKellar Group and Iron Mine Contracting make Australia central to the current footprint.
Partnerships and acquisitions extend the service base. Nuna performs mining and infrastructure earthworks in northern Canada, ML Northern supplies mobile fuel, lube, and steaming services, and DGI Trading sources mining components for rebuilding. Operations depend on safely deploying equipment and managing staffing that varies with project timing and seasonality.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| May 15, 2026 | Roth Capital | Target | Target: $25 | Target: $27.50 |
| Feb 5, 2026 | Roth Capital | Target | Target: — | Target: $25 |
| Dec 19, 2025 | Loop Capital Markets | Target | Target: — | Target: $24 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $118.9M · Total debt $841.2M · Total assets $1.59B · Shareholders' equity $340.6M
- Revenue
- $284.4M
- Operating income
- $15.5M
- Net income
- $6.7M
Reported in CAD, converted at the latest exchange rate
HistoryDividendAnnual yield
| Institutions | 60.41% | 16.37M ADS | |
|---|---|---|---|
| 74 holders · as of Jun 30, 2026 | |||
| Other | 39.59% | 10.73M ADS | |
| remainder | |||
27.10M ADS as of Sep 13, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count has not been confirmed by a second filing; stakes use it as it stands.
Some positions are filed in underlying shares, not receipts; the ratio is unknown, so no percentage.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Claret Asset Management CorpInstitution | 7.52% | 2.04M ADS | as of Jun 30, 2026 |
Bank of Montreal /Can/Institution | 5.24% | 1.42M ADS | as of Jun 30, 2026 |
National Bank of Canada /FI/Institution | 5.15% | 1.40M ADS | as of Jun 30, 2026 |
CIBC Asset Management IncInstitution | 5.00% | 1.35M ADS | as of Jun 30, 2026 |
Aegis Financial CorpInstitution | 3.83% | 1.04M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Chimera Investment
Thiess-led global mining services and Australian infrastructure platform
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| North American Construction Group | $12.56 | +0.48% | $338.8M | 15.9 | 10.3 | 0.4 | +19.9% |
| Chimera Investment | $10.83 | −2.91% | $932.7M | — | 5.8 | 1.4 | −64.4% |
| Median | — | 5.8 | 1.4 | −64.4% |