Fintel reports that on January 6, 2025, MACQUARIE RESEARCH downgraded their outlook for Evolution Mining (ASX:EVN) from Outperform to Neutral.
Analyst Price Forecast Suggests 1.94% Downside
As of December 23, 2024, the average one-year price target for Evolution Mining is $4.82/share. The forecasts range from a low of $3.17 to a high of $5.78. The average price target represents a decrease of 1.94% from its latest reported closing price of $4.92 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Evolution Mining is 2,824MM, a decrease of 12.18%. The projected annual non-GAAP EPS is 0.27.
Evolution Mining Maintains 2.03% Dividend Yield
At the most recent price, the company’s dividend yield is 2.03%.
Additionally, the company’s dividend payout ratio is 0.47. The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company’s income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is -0.17% .
What is the Fund Sentiment?
There are 114 funds or institutions reporting positions in Evolution Mining. This is an increase of 11 owner(s) or 10.68% in the last quarter. Average portfolio weight of all funds dedicated to EVN is 0.43%, an increase of 3.39%. Total shares owned by institutions increased in the last three months by 7.48% to 361,761K shares.
What are Other Shareholders Doing?
GDXJ - VanEck Vectors Junior Gold Miners ETF holds 104,984K shares representing 5.28% ownership of the company. In its prior filing, the firm reported owning 58,522K shares , representing an increase of 44.26%. The firm increased its portfolio allocation in EVN by 115.03% over the last quarter.
GDX - VanEck Vectors Gold Miners ETF holds 91,043K shares representing 4.58% ownership of the company. In its prior filing, the firm reported owning 90,706K shares , representing an increase of 0.37%. The firm increased its portfolio allocation in EVN by 18.04% over the last quarter.
VGTSX - Vanguard Total International Stock Index Fund Investor Shares holds 26,072K shares representing 1.31% ownership of the company. In its prior filing, the firm reported owning 26,064K shares , representing an increase of 0.03%. The firm increased its portfolio allocation in EVN by 32.22% over the last quarter.
AIM SECTOR FUNDS (INVESCO SECTOR FUNDS) - Invesco Oppenheimer Gold & Special Minerals Fund Class C holds 17,849K shares representing 0.90% ownership of the company. In its prior filing, the firm reported owning 24,749K shares , representing a decrease of 38.66%. The firm decreased its portfolio allocation in EVN by 14.90% over the last quarter.
VTMGX - Vanguard Developed Markets Index Fund Admiral Shares holds 15,988K shares representing 0.80% ownership of the company. In its prior filing, the firm reported owning 15,711K shares , representing an increase of 1.73%. The firm increased its portfolio allocation in EVN by 28.13% over the last quarter.
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