J.P. Morgan Remains a Hold on Evolution Mining Limited (CAHPF)

In a report released on September 30, Al Harvey from J.P. Morgan maintained a Hold rating on Evolution Mining Limited (CAHPFResearch Report), with a price target of A$2.20. The company’s shares closed last Friday at $1.35.

Harvey covers the Basic Materials sector, focusing on stocks such as Evolution Mining Limited, Allkem Limited, and Pilbara Minerals Limited. According to TipRanks, Harvey has an average return of 2.0% and a 53.85% success rate on recommended stocks.

In addition to J.P. Morgan, Evolution Mining Limited also received a Hold from Citigroup’s Kate McCutcheon in a report issued on September 15. However, on September 28, Macquarie upgraded Evolution Mining Limited (Other OTC: CAHPF) to a Buy.

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The company has a one-year high of $3.44 and a one-year low of $1.19. Currently, Evolution Mining Limited has an average volume of 31.6K.

Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CAHPF in relation to earlier this year.

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Evolution Mining Ltd. engages in the exploration of gold mines. It operates through the following segments: Cowal, Mungari, Mt Carlton, Mt Rawdon, Edna May, Cracow, Ernest Henry, Pajingo, Exploration, and Corporate. The company was founded on June 21, 2000 and is headquartered in Sydney, Australia.

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