Skip to main content
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Macquarie upgrades Evolution Mining (CAHPF) to a Hold

Tipranks - Mon Mar 30, 7:12PM CDT

In a report released today, Adam Baker from Macquarie upgraded Evolution Mining to a Hold, with a price target of A$12.70.

End of Quarter Sale - 50% Off TipRanks

Baker covers the Basic Materials sector, focusing on stocks such as Nickel Mines Ltd., Perseus Mining , and Greatland Resources. According to TipRanks, Baker has an average return of 9.4% and a 55.21% success rate on recommended stocks.

In addition to Macquarie, Evolution Mining also received a Hold from UBS’s Levi Spry in a report issued on March 27. However, on March 28, TipRanks – OpenAI reiterated a Buy rating on Evolution Mining (Other OTC: CAHPF).

CAHPF market cap is currently A$25.3B and has a P/E ratio of 8.35.

Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CAHPF in relation to earlier this year.

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.