Jefferies Sticks to Their Sell Rating for Evolution Mining (CAHPF)
Jefferies analyst Mitch Ryan maintained a Sell rating on Evolution Mining on April 10 and set a price target of A$11.00. The company’s shares closed last Friday at A$13.55.
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According to TipRanks, Ryan is a 4-star analyst with an average return of 9.2% and a 60.50% success rate. Ryan covers the Basic Materials sector, focusing on stocks such as Lynas Rare Earths , IGO, and Sandfire Resources Limited.
In addition to Jefferies, Evolution Mining also received a Sell from Jarden’s Ben Lyons in a report issued on April 3. However, on April 9, Canaccord Genuity upgraded Evolution Mining (Other OTC: CAHPF) to a Buy.
CAHPF market cap is currently A$27.52B 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:
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