Citi Remains a Hold on Evolution Mining (CAHPF)

In a report released today, Jack Whelan from Citi maintained a Hold rating on Evolution Mining , with a price target of A$15.00.

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According to TipRanks, Whelan is an analyst with an average return of -10.1% and a 31.25% success rate. Whelan covers the Basic Materials sector, focusing on stocks such as Greatland Resources, Genesis Minerals Limited, and Northern Star Resources Ltd.

In addition to Citi, Evolution Mining also received a Hold from Macquarie’s Adam Baker in a report issued on March 30. However, on April 10, Jefferies maintained a Sell rating on Evolution Mining (Other OTC: CAHPF).

Based on Evolution Mining ‘s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$2.79 billion and a net profit of A$766.57 million. In comparison, last year the company earned a revenue of A$2.03 billion and had a net profit of A$365.09 million

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.