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JPMorgan Chase Ceases Substantial Holding in Evolution Mining

Story Highlights
  • JPMorgan Chase & Co. has ceased to be a substantial holder in Evolution Mining.
  • The change results from securities lending and proprietary trading activities affecting shareholder structure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
JPMorgan Chase Ceases Substantial Holding in Evolution Mining

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Evolution Mining ( (AU:EVN) ) has shared an announcement.

JPMorgan Chase & Co. and its affiliates have ceased to be substantial holders in Evolution Mining Ltd, a company involved in the mining industry. The change in their holding status is due to various transactions involving securities lending and proprietary trading activities. This development may impact the company’s shareholder structure and could influence its market positioning and stakeholder relationships.

The most recent analyst rating on (AU:EVN) stock is a Sell with a A$8.30 price target. To see the full list of analyst forecasts on Evolution Mining stock, see the AU:EVN Stock Forecast page.

More about Evolution Mining

Average Trading Volume: 9,766,312

Technical Sentiment Signal: Buy

Current Market Cap: A$18.25B

See more insights into EVN stock on TipRanks’ Stock Analysis page.

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