J.P. Morgan Remains a Buy on Evolution Mining (CAHPF)
In a report released yesterday, Jonathan Sharp from J.P. Morgan maintained a Buy rating on Evolution Mining , with a price target of A$15.00.
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According to TipRanks, Sharp is a 5-star analyst with an average return of 52.0% and a 50.00% success rate. Sharp covers the Basic Materials sector, focusing on stocks such as Northern Star Resources Ltd, Evolution Mining , and Genesis Minerals Limited.
In addition to J.P. Morgan, Evolution Mining also received a Buy from TipRanks – Google’s Google Gold in a report issued yesterday. However, on March 30, Macquarie upgraded Evolution Mining (Other OTC: CAHPF) to a Hold.
CAHPF market cap is currently A$26.44B 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.
Read More on CAHPF:
Disclaimer & DisclosureReport an Issue
- Evolution Mining Reports Lapse of 1.37 Million Performance Rights
- Evolution Mining Issues New Unquoted Performance Rights Under Incentive Plan
- Evolution Mining Sets 15 April Release and Briefing for March Quarter Results
- Evolution Mining upgraded to Sector Perform from Underperform at RBC Capital
- Evolution Mining Sets DRP Price and Confirms Interim Dividend Payout
