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

Evolution Mining Limited (OTCMKTS:CAHPF) dropped 4.6% on Monday. The company traded as low as $9.35 and last traded at $9.35. Approximately 400 shares were traded during mid-day 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

Several analysts have commented on CAHPF shares. The Goldman Sachs Group upgraded Evolution Mining from a “neutral” rating to a “neutral” rating and set a $12.70 target price on the stock in a research note on Wednesday, June 3rd. Canaccord Genuity Group set a $12.25 price target on Evolution Mining in a research note on Wednesday, July 15th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Evolution Mining has a consensus rating of “Reduce” and a consensus price target of $12.47.

Evolution Mining Price Performance

The company’s fifty day moving average is $9.67 and its 200-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.