Evolution Mining Limited (OTCMKTS:CAHPF) Receives Average Recommendation of “Hold” from Analysts

Shares of Evolution Mining Limited (OTCMKTS:CAHPFGet Rating) have received a consensus rating of “Hold” from the nine research firms that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $4.30.

Several analysts recently weighed in on the company. JPMorgan Chase & Co. cut Evolution Mining from an “overweight” rating to a “neutral” rating in a report on Tuesday, April 5th. UBS Group cut Evolution Mining to a “sell” rating and set a $4.23 price objective for the company. in a report on Monday, March 28th. Finally, Canaccord Genuity Group cut Evolution Mining from a “buy” rating to a “hold” rating and lifted their price objective for the company from $4.40 to $4.65 in a report on Thursday, April 14th.

OTCMKTS:CAHPF remained flat at $$2.83 during mid-day trading on Friday. The company had a trading volume of 31 shares, compared to its average volume of 13,151. The stock’s fifty day moving average price is $3.20 and its 200-day moving average price is $2.95. Evolution Mining has a 1-year low of $2.40 and a 1-year high of $4.25.

Evolution Mining Company Profile (Get Rating)

Evolution Mining Limited engages in the exploration, mine development, mine operations, and sale of gold and gold/copper concentrates in Australia and Canada. The company also explores for copper and silver deposits. As of June 30, 2021, it operated five gold mines, such as Cowal in New South Wales; Mt Carlton and Mt Rawdon in Queensland; Mungari in Western Australia; and Red Lake in Ontario.

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Analyst Recommendations for Evolution Mining (OTCMKTS:CAHPF)

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