Evolution Mining (EVN) AI Stock Analysis

• Market Cap: AU$15.12B
• Dividend Yield: 1.85%
• Average Volume (3M): 19.56M
• Price to Earnings (P/E): 21.7
• Beta (1Y): 1.18
• Revenue Growth: 60.56%
• EPS Growth: 302.20%
• Country: AU
• Employees: 2,000
• Sector: Basic Materials
• Sector Strength: 75
• Industry: Gold
• EPS (TTM): 0.19
• Shares Outstanding: 2,002,378,500
• 10 Day Avg. Volume: 8,430,893
• 30 Day Avg. Volume: 19,562,936
• PEG Ratio: -0.72
• Price to Book (P/B): 1.79
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -57.14
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$7.30
• Price Target Upside: -1.92% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 15

• Rating: 73 Outperform
• Price Target: AU$8.00 ▲(7.53%Upside)

Evolution Mining Limited's strong financial performance and optimistic earnings call contribute positively to its overall score. However, technical indicators suggest short-term bearish momentum, and the valuation implies potential overvaluation. The company's strong cash flow and operational advancements are significant strengths.

Evolution Mining Business Overview & Revenue Model

Company Description

Evolution Mining Limited engages in the exploration, mine development, mine operations, and sale of gold and gold-copper concentrates in Australia and Canada. It also explores for copper and silver deposits. As of June 30, 2022, the company operated five gold mines, such as Cowal in New South Wales; Ernest Henry and Mt Rawdon in Queensland; Mungari in Western Australia; and Red Lake in Ontario. It also holds a 100% interest in the Kundana Operations; a 51% interest in the East Kundana Joint Venture; a 100% interest in the certain tenements comprising the Carbine project; and a 75% interest in the West Kundana Joint Venture. The company was formerly known as Catalpa Resources Limited and changed its name to Evolution Mining Limited in November 2011. Evolution Mining Limited was incorporated in 1998 and is based in Sydney, Australia.

How the Company Makes Money

Evolution Mining Limited generates revenue primarily through the extraction and sale of gold. The company operates its own mining sites, producing gold which is then sold in the global market. Key revenue streams include direct sales of gold bullion and, occasionally, by-products such as silver extracted during the gold mining process. Evolution Mining's earnings are influenced by factors such as global gold prices, operational efficiency, and production volumes. The company may also engage in strategic partnerships or joint ventures to optimize resource extraction and reduce costs, though its primary income is derived from gold sales.

Evolution Mining Financial Statement Overview

Summary

Evolution Mining Limited demonstrates strong financial health, with robust revenue growth and improving profitability margins. The balance sheet reflects a stable equity position, although debt management will be crucial as the company expands. Cash flows have improved significantly, but aligning them more closely with net income will further enhance financial stability.

Income Statement

Evolution Mining Limited has shown strong revenue growth, with a 44.5% increase from 2023 to 2024. The Gross Profit Margin for 2024 is 28.7%, and the Net Profit Margin is 13.1%, both indicating solid profitability. The EBIT and EBITDA margins are 26.1% and 44.6% respectively, reflecting efficient operations. However, the previous year's margins were lower, indicating improvement but with room for further stabilization.

Balance Sheet

The company's Debt-to-Equity Ratio is 0.49, suggesting moderate leverage which is manageable. Return on Equity (ROE) is 10.2%, which is satisfactory but could be improved. The Equity Ratio stands at 47.0%, indicating a healthy balance between equity and assets. The balance sheet shows a solid equity base, but attention is needed to manage debt levels as the company grows.

Cash Flow

The Free Cash Flow has grown significantly from a negative position in 2023 to 363 million in 2024. The Operating Cash Flow to Net Income Ratio is 3.03, indicating strong cash generation relative to net income. However, the Free Cash Flow to Net Income Ratio is 0.86, suggesting that while cash flow generation is strong, it could be more aligned with net income.

Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	3.91B	3.22B	2.23B	2.06B	1.86B	1.94B
Gross Profit	1.25B	923.26M	416.20M	486.60M	575.21M	651.88M
EBITDA	1.92B	1.43B	847.36M	934.85M	914.16M	865.09M
Net Income	690.49M	422.27M	163.51M	323.32M	345.26M	301.55M
Balance Sheet
Total Assets	9.15B	8.82B	6.75B	6.63B	3.96B	3.78B
Cash, Cash Equivalents and Short-Term Investments	521.29M	403.30M	46.15M	572.43M	160.06M	372.59M
Total Debt	2.08B	2.02B	1.82B	1.86B	636.33M	605.19M
Total Liabilities	4.72B	4.68B	3.46B	3.38B	1.42B	1.31B
Stockholders Equity	4.43B	4.14B	3.29B	3.25B	2.53B	2.46B
Cash Flow
Free Cash Flow	599.07M	363.16M	-103.39M	107.58M	319.69M	536.12M
Operating Cash Flow	1.69B	1.28B	735.28M	776.68M	757.01M	1.01B
Investing Cash Flow	-1.19B	-1.51B	-1.03B	-1.83B	-724.12M	-1.00B
Financing Cash Flow	-177.92M	586.65M	-226.28M	1.47B	-244.79M	35.91M

Evolution Mining Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 7.44
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EVN, the sentiment is Negative. The current price of 7.44 is below the 20-day moving average (MA) of 7.87, below the 50-day MA of 8.27, and above the 200-day MA of 6.32, indicating a neutral trend. The MACD of -0.21 indicates Positive momentum. The RSI at 41.96 is Neutral, neither overbought nor oversold. The STOCH value of 48.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:EVN.

Evolution Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EVN	73 Outperform	AU$15.12B	21.73	16.97%	1.85%	60.56%	302.20%
Sector *	57 Neutral	£2.57B	5.08	-9.48%	4.34%	5.28%	-6.27%
PRU		C$4.35B	9.02	22.80%	1.41%	―	―
NESRF		$15.61B	20.56	11.01%	2.83%	―	―
ELKMF		$2.27B	22.61	13.42%	0.96%	―	―
RGRNF		$2.22B	―	-0.38%	―	―	―
GMD	69 Neutral	AU$4.66B	35.39	13.01%	―	125.45%	―

Evolution Mining Corporate Events

Evolution Mining Announces Cessation of Performance Rights

Evolution Mining Limited announced the cessation of 212,415 performance rights due to the conditions for these securities not being met or becoming incapable of being satisfied. This development may impact the company’s capital structure and could have implications for stakeholders regarding the company’s operational and financial strategies.

The most recent analyst rating on (AU:EVN) stock is a Hold with a A$4.25 price target. To see the full list of analyst forecasts on Evolution Mining stock, see the AU:EVN Stock Forecast page.

Van Eck Associates Reduces Stake in Evolution Mining

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.

Evolution Mining to Discuss June Quarter 2025 Results in Upcoming Conference Call

Evolution Mining Limited has announced its June Quarter 2025 results will be discussed in a conference call on July 16, 2025. The call, hosted by key company executives, will provide insights into the company’s performance and is accessible via a live audio stream on their website, highlighting Evolution’s commitment to transparency and stakeholder engagement.

The most recent analyst rating on (AU:EVN) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Evolution Mining stock, see the AU:EVN Stock Forecast page.

Evolution Mining Reports Significant Growth in Mineral Resources and Ore Reserves

Evolution Mining Limited has released its annual Mineral Resources and Ore Reserves statement as of December 31, 2024, showcasing significant growth in its mineral resources and ore reserves. The company reported an increase in contained gold and copper resources, with notable growth at the Mungari, Ernest Henry, and Northparkes sites, while Red Lake experienced a decrease. The overall update highlights a strong portfolio with an average mine life of approximately 15 years, positioning Evolution Mining well for future growth and value delivery.

The most recent analyst rating on (AU:EVN) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Evolution Mining stock, see the AU:EVN Stock Forecast page.

Evolution Mining Reports Change in Substantial Holder Interests

Evolution Mining Limited has experienced a change in the interests of a substantial holder, as reported in a recent notice. The change involves various entities, including State Street Global Advisors and State Street Bank and Trust Company, which have adjusted their voting power and relevant interests in the company’s securities. This adjustment reflects a shift in the control of voting rights and the management of securities, potentially impacting the company’s governance and stakeholder dynamics.

The most recent analyst rating on (AU:EVN) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Evolution Mining stock, see the AU:EVN Stock Forecast page.

BlackRock Becomes Substantial Holder in Evolution Mining

The news release from Evolution Mining indicates that BlackRock Group, including BlackRock Inc. and its subsidiaries, has become a substantial holder in the company, with a relevant interest in 133,174,001 voting shares, representing a 6.65% voting power. This development highlights a significant investment by BlackRock, which could influence Evolution Mining’s strategic decisions and potentially impact its market positioning and stakeholder interests.

The most recent analyst rating on (AU:EVN) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Evolution Mining stock, see the AU:EVN Stock Forecast page.

Evolution Mining Sees Shift in Substantial Holder’s Voting Power

Evolution Mining Limited has announced a change in the interests of a substantial holder, with State Street Corporation and its subsidiaries adjusting their voting power in the company. This change reflects a decrease in the voting power from 8.10% to 6.95%, indicating a shift in the investment strategy of the substantial holder, which could have implications for the company’s market positioning and influence among stakeholders.

The most recent analyst rating on (AU:EVN) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Evolution Mining stock, see the AU:EVN Stock Forecast page.

Evolution Mining Appoints New CFO to Strengthen Leadership

Evolution Mining has announced the appointment of Ms. Frances Summerhayes as the new Chief Financial Officer, effective early September 2025. With extensive experience in the resources sector, including her previous role as VP Finance Minerals Americas for BHP, Ms. Summerhayes is expected to contribute significantly to Evolution’s strategy of building a premier global gold company, enhancing financial acumen, and unlocking long-term stakeholder value.

The most recent analyst rating on (AU:EVN) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Evolution Mining stock, see the AU:EVN Stock Forecast page.

Evolution Mining Highlights Strategic Plans at Macquarie Conference

Evolution Mining Limited presented at the Macquarie Australia Conference, emphasizing its strategic objectives and operational plans. The company highlighted its use of non-IFRS financial measures to provide insights into its financial performance, cautioning investors about the inherent risks and uncertainties in forward-looking statements.

Evolution Mining Announces Change in Substantial Shareholder Interests

Evolution Mining Limited has announced a change in the interests of a substantial holder, with State Street Corporation and its subsidiaries now holding a significant number of voting shares. This change in shareholding may impact the company’s governance and decision-making processes, potentially influencing its strategic direction and stakeholder relations.

Evolution Mining Extends Cowal Operation to 2042 with New Project Approval

Evolution Mining Limited’s Board has approved the Cowal Operations Open Pit Continuation project, extending the operation until 2042. This project is expected to generate a significant return on investment, contributing an additional 2 million ounces of gold production. The expansion will involve further mining at the existing E42 pit and the development of three new satellite pits. The project, with a capital investment of $430 million, is anticipated to enhance shareholder returns and provide substantial economic benefits to stakeholders.

Evolution Mining Releases March Quarter 2025 Results

Evolution Mining Limited has released its March quarter 2025 results presentation, highlighting the company’s operational and financial performance. The presentation includes non-IFRS financial information to provide insights into the company’s financial conditions and performance, although these measures are not standardized and should be interpreted with caution.

Evolution Mining Reports Strong Financial Performance and Operational Milestones

Evolution Mining Limited reported a robust financial performance for the March 2025 quarter, with record mine cash flows and a significant increase in group cash flow by 25% to $207 million. The company successfully reduced its net debt and improved its gearing ratio, while maintaining low all-in sustaining costs. Key operational milestones include the early completion and commissioning of the Mungari mill expansion and the approval of the Cowal Open Pit Continuation project, extending operations to 2042. These developments are expected to enhance cash flow and shareholder returns, reinforcing Evolution Mining’s strong position in the industry.