Canaccord upgraded Evolution Mining (CAHPF) to Buy from Hold with a price target of A$15.55, up from A$14.20. The firm adjusted ratings in the Australian precious metals group as part of a March quarter preview. The analyst continues to expect names showing consistent cash generation, growing production profiles, and a free cash flow inflection point to outperform.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CAHPF:
- Evolution Mining Seeks ASX Quotation for New Dividend Plan Shares
- Evolution Mining Reports Lapse of 1.37 Million Performance Rights
- Evolution Mining Issues New Unquoted Performance Rights Under Incentive Plan
- Evolution Mining Sets 15 April Release and Briefing for March Quarter Results
- Evolution Mining upgraded to Sector Perform from Underperform at RBC Capital