In a report released today, Levi Spry from UBS maintained a Buy rating on Evolution Mining Limited (CAHPF – Research Report), with a price target of A$4.35. The company’s shares closed yesterday at $2.65.
According to TipRanks, Spry is a 3-star analyst with an average return of 2.1% and a 54.69% success rate. Spry covers the Basic Materials sector, focusing on stocks such as IGO, Pilbara Minerals Limited, and Northern Star Resources Ltd.
In addition to UBS, Evolution Mining Limited also received a Buy from Morgan Stanley’s Rahul Anand in a report issued yesterday. However, today, Macquarie downgraded Evolution Mining Limited (Other OTC: CAHPF) to a Hold.
The company has a one-year high of $2.81 and a one-year low of $1.86. Currently, Evolution Mining Limited has an average volume of 20.39K.
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CAHPF in relation to earlier this year.
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Evolution Mining Limited (CAHPF) Company Description:
Evolution Mining Ltd. engages in the exploration of gold mines. It operates through the following segments: Cowal, Mungari, Mt Carlton, Mt Rawdon, Edna May, Cracow, Ernest Henry, Pajingo, Exploration, and Corporate. The company was founded on June 21, 2000 and is headquartered in Sydney, Australia.
