Citi Reaffirms Their Hold Rating on Evolution Mining (CAHPF)
Citi analyst Jack Whelan maintained a Hold rating on Evolution Mining today and set a price target of A$15.00.
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Whelan covers the Basic Materials sector, focusing on stocks such as Greatland Resources, Genesis Minerals Limited, and Northern Star Resources Ltd. According to TipRanks, Whelan has an average return of -6.0% and a 38.89% success rate on recommended stocks.
In addition to Citi, Evolution Mining also received a Hold from Macquarie’s Adam Baker in a report issued on March 30. However, today, Morgans upgraded Evolution Mining (Other OTC: CAHPF) to a Buy.
The company has a one-year high of A$17.75 and a one-year low of A$6.96. Currently, Evolution Mining has an average volume of 9.34M.
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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- 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
