The Motley Fool

Is this a sign a new resources boom is coming?

Considering how much construction and engineering companies have seen their share prices soar over the past few months, anyone looking closely might wonder if a new mining boom is underway.

Commodities prices, including iron ore and oil have risen, but so have expectations that prices for many more commodities like coal, gold and copper will stay higher for longer.

Here is a selection of mining services-related companies and their share prices moves in the past three months.

Company Share Price Market Cap ($m) Price change
Monadelphous Group Limited (ASX: MND) $14.76 $1,380.0 20.0%
ALS Ltd (ASX: ALQ) $7.69 $3,877.5 24.0%
Macmahon Holdings Limited (ASX: MAH) $0.18 $212.6 7.0%
RCR Tomlinson Limited (ASX: RCR) $3.63 $507.4 20.0%
Ausdrill Limited (ASX: ASL) $1.83 $572.1 32.0%
Watpac Limited (ASX: WTP) $0.62 $115.4 31.0%
NRW Holdings Limited (ASX: NWH) $0.63 $201.1 10.0%
Southern Cross Electrical Engineer Ltd (ASX: SXE) $0.57 $90.9 16.0%

Source: S&P Glboal Markets Intelligence, Google Finance.

Ok, I’ve cherry-picked that list, with several engineering and construction companies seeing their share prices sink over the past three months, including AJ Lucas Group Limited (ASX: AJL) and Cardno Limited (ASX: CDD).

However, when large services companies like Monadelphous and ALS Ltd are seeing price gains of 20% and above, it might indicate that the sector could be coming back to life following a crash in capital expenditure over the past few years.

Are you planning on a blue-chip retirement?

If term-deposit rates stay low your lifestyle expectancy could stay low with them.

But you must act now. This updated report is available for a limited time only, and your copy is 100% FREE. So don’t miss out!

At The Motley Fool we know share markets can be volatile with President Trump and the great unknown of China front and centre. So we’ve handpicked 5 of our favorite term-deposit-crushing dividend shares to make your savings work for you.

Simply click here to receive your free copy of "Our top 5 ASX higher income shares for financial year 2018" right now.

Motley Fool writer/analyst Mike King doesn't own shares in any companies mentioned. You can follow Mike on Twitter @TMFKinga

The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

NEW. Five Cheap and Good Stocks to Buy in 2019…

Our Motley Fool experts have just released a brand new FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.8% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.