Macquarie downgraded Evolution Mining (CAHPF) to Underperform from Neutral with a A$6.30 price target after the company reported broadly in-line Q3 results. The firm said while the company continues to de-lever the balance sheet while pursuing organic growth, the downgrade follows a roughly 71% year-to-date share performance. Macquarie added that FY25 guidance is on track with year-to-date production representing 76% of mid-point production guidance.
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Read More on CAHPF:
- Evolution Mining Extends Cowal Operation to 2042 with New Project Approval
- Evolution Mining Releases March Quarter 2025 Results
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- AustralianSuper Increases Stake in Evolution Mining
- Evolution Mining downgraded to Underweight from Equal Weight at Morgan Stanley
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