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Van Eck Associates Reduces Stake in Evolution Mining

Story Highlights
  • Van Eck Associates reduced its voting power in Evolution Mining from 8.68% to 7.21%.
  • This change could affect Evolution Mining’s shareholder dynamics and future decisions.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Van Eck Associates Reduces Stake in Evolution Mining

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Evolution Mining ( (AU:EVN) ) just unveiled an announcement.

Van Eck Associates Corporation has reduced its voting power in Evolution Mining Limited from 8.68% to 7.21%, reflecting a decrease in their holdings of ordinary shares. This change in substantial holding could impact Evolution Mining’s shareholder dynamics and influence future corporate decisions, as Van Eck remains a significant investor with varied interests through multiple ETFs.

The most recent analyst rating on (AU:EVN) stock is a Hold with a A$5.00 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

Evolution Mining Limited is a prominent player in the mining industry, primarily focused on gold production and exploration. The company operates several gold mines across Australia and aims to deliver sustainable growth and value to its stakeholders.

Average Trading Volume: 17,602,362

Technical Sentiment Signal: Buy

Current Market Cap: A$15.56B

See more data about EVN stock on TipRanks’ Stock Analysis page.

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