Evolution Mining (OTCMKTS:CAHPF) Stock Falls 4.6% – Here’s What Happened

Evolution Mining Limited (OTCMKTS:CAHPF)’s stock price traded down 4.6% during trading on Monday. The company traded as low as $9.35 and last traded at $9.35. 400 shares traded hands during trading, a decline of 96% from the average session volume of 9,399 shares. The stock had previously closed at $9.80.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CAHPF shares. Canaccord Genuity Group set a $12.25 price objective on Evolution Mining in a research note on Wednesday, July 15th. The Goldman Sachs Group upgraded Evolution Mining from a “neutral” rating to a “neutral” rating and set a $12.70 target price for the company in a research report on Wednesday, June 3rd. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $12.47.

Evolution Mining Stock Performance

The stock’s 50-day moving average is $9.70 and its two-hundred day moving average is $9.13.

Evolution Mining Company Profile

Evolution Mining Limited is an Australian gold mining company that operates a portfolio of gold and copper-gold assets in Australia and Canada. The company produces gold doré and concentrates, with copper and silver recovered as byproducts at certain operations.

Evolution’s Australian operations include the Cowal gold mine in New South Wales, the Ernest Henry copper-gold mine in Queensland, the Mungari gold operation in Western Australia and an interest in the Northparkes copper-gold mine in New South Wales.