New Sell Rating for Evolution Mining (CAHPF), the Basic Materials Giant

Jarden analyst Ben Lyons maintained a Sell rating on Evolution Mining yesterday and set a price target of A$8.60. The company’s shares closed today at A$14.45.

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Lyons covers the Basic Materials sector, focusing on stocks such as Syrah Resources, PLS Group, and Greatland Resources. According to TipRanks, Lyons has an average return of 1.5% and a 57.25% success rate on recommended stocks.

In addition to Jarden, Evolution Mining also received a Sell from Jefferies’s Mitch Ryan in a report issued on April 10. However, today, 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.