Evolution Mining (OTCMKTS:CAHPF) Shares Down 4.6% – Here’s What Happened

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

Wall Street Analyst Weigh In

CAHPF has been the subject of several research reports. The Goldman Sachs Group raised shares of Evolution Mining from a “neutral” rating to a “neutral” rating and set a $12.70 price target for the company in a research report on Wednesday, June 3rd. Canaccord Genuity Group set a $12.25 price objective on shares of Evolution Mining in a report on Wednesday, July 15th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $12.47.

Evolution Mining Stock Down 4.6%

The stock has a fifty day moving average of $9.67 and a 200 day moving average of $9.13.

About Evolution Mining

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.