Evolution Mining (CAHPF) Receives a Sell from Macquarie

In a report released today, Andrew Bowler from Macquarie maintained a Sell rating on Evolution Mining , with a price target of A$7.60. The company’s shares closed today at $7.25.

Elevate Your Investing Strategy:

• Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

According to TipRanks, Bowler is a top 100 analyst with an average return of 30.5% and a 70.72% success rate. Bowler covers the Basic Materials sector, focusing on stocks such as Resolute Mining , Evolution Mining , and Perseus Mining .

Currently, the analyst consensus on Evolution Mining is a Moderate Sell with an average price target of $6.39, representing a -11.86% downside. In a report released today, UBS also maintained a Sell rating on the stock with a A$9.70 price target.

Based on Evolution Mining ‘s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.32 billion and a net profit of $561.08 million. In comparison, last year the company earned a revenue of $1.88 billion and had a net profit of $325.4 million

Based on the recent corporate insider activity of 10 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.