http://www.moneymorning.com.au/20140904/evolution-mining-price-fell-today-2.html
Evolution is not a cheap stock. It has significant debt, totalling over $126.8 million.
Saying this, the company pays a small dividend (2% of gold production) and the management team has a proven track record of reliability.
Looking at the company’s cash generation capability, a concern for me is the rising Aussie dollar which is tightening margins. For the June 2014 quarter, the Aussie dollar averaged US93.3 cents. If it falls lower, this is good for shareholders.
Nonetheless, with a high breakeven price and leveraged balance sheet, the gold price is the most important indicator to watch for the stock.
As I’ve discussed in Diggers and Drillers and Money Morning, I’m bearish on the gold price. In this case, the volatile gold price remains the biggest risk for punters.
negative sentiment here
Add EVN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.95 |
Change
0.030(0.77%) |
Mkt cap ! $7.844B | |||
| Open | High | Low | Value | Volume |
| $3.94 | $4.01 | $3.93 | $23.62M | 5.955M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 671 | $3.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.96 | 5000 | 1 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$3.96 |
Change
0.030 ( 1.25 %) |
||||
| Open | High | Low | Volume | ||
| $3.94 | $4.01 | $3.93 | 2008744 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| EVN (ASX) Chart |