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Van Eck Reduces Stake in Evolution Mining

Story Highlights
  • Van Eck Associates Corporation’s voting power in Evolution Mining decreased from 10.21% to 8.68%.
  • The change suggests a shift in Van Eck’s investment strategy, affecting its influence on Evolution Mining.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Van Eck Reduces Stake in Evolution Mining

Evolution Mining Limited ( (AU:EVN) ) has provided an announcement.

Evolution Mining Limited has announced a change in the substantial holding of Van Eck Associates Corporation, which now holds an 8.68% voting power in the company, down from 10.21%. This reduction in voting power indicates a shift in the investment strategy or portfolio management of Van Eck, potentially impacting the company’s influence on Evolution Mining’s strategic decisions.

More about Evolution Mining Limited

YTD Price Performance: 47.96%

Average Trading Volume: 5,431

Technical Sentiment Signal: Sell

Current Market Cap: $8.58B

For detailed information about EVN stock, go to TipRanks’ Stock Analysis page.

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