EVOLUTION MINING LIMITED ((EVN)) Upgrade to Outperform from Neutral by Macquarie and Upgrade to Neutral from Underperform by Credit Suisse .
The company appears set to commit to the underground development of Cowal. Along with plant extensions and upgrades this should deliver on the long-term goal of a sustainable 300,000 ounces per annum run rate, Macquarie expects.
Macquarie upgrades FY19 and FY20 earnings estimates by 8% and 3% respectively. The broker believes the company is well-positioned to execute on organic as well as acquisition opportunities.
Rating is upgraded to Outperform from Neutral. Target is raised to $3.30 from $3.20.
Credit Suisse believes the emerging high-grade underground opportunity supports the company's aspirations to increase Cowal's production to 300,000 ounces per year for 20 years.
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Last
$3.77 |
Change
0.060(1.62%) |
Mkt cap ! $7.486B |
Open | High | Low | Value | Volume |
$3.78 | $3.79 | $3.74 | $25.17M | 6.686M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 4991 | $3.77 |
Sellers (Offers)
Price($) | Vol. | No. |
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$3.78 | 42978 | 7 |
View Market Depth
No. | Vol. | Price($) |
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1 | 4991 | 3.770 |
2 | 10000 | 3.750 |
5 | 31987 | 3.740 |
2 | 10368 | 3.730 |
2 | 17413 | 3.720 |
Price($) | Vol. | No. |
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3.780 | 34338 | 5 |
3.790 | 5188 | 2 |
3.800 | 61577 | 6 |
3.810 | 12077 | 2 |
3.820 | 17992 | 3 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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