Evolution Mining (CAHPF) Receives a New Rating from a Top Analyst
In a report released yesterday, Tim McCormack from Canaccord Genuity upgraded Evolution Mining to a Buy, with a price target of A$15.75. The company’s shares closed today at A$14.45.
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According to TipRanks, McCormack is a top 100 analyst with an average return of 29.8% and a 67.72% success rate. McCormack covers the Basic Materials sector, focusing on stocks such as Regis Resources Limited, Evolution Mining , and Greatland Resources.
In addition to Canaccord Genuity, Evolution Mining also received a Buy from Ord Minnett’s Paul Kaner in a report issued today. However, on the same day, Macquarie maintained a Hold 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.
Read More on CAHPF:
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