Evolution Demonstrates Consistency in Neutral 2Q Result -- Market Talk

Dow Jones

01/22

2349 GMT - Gold miner Evolution offered up "a fairly neutral result" for 2Q, with production in line with market estimates, RBC Capital Markets analyst Alex Barkley says in a note. "All sites were broadly around expectations with no major issues called out by EVN," Barkley says. Production FY-to-date is tracking to the high end of annual guidance, however Evolution forecast softer output in 3Q because of some scheduled work at the Cowal and Ernest Henry mines. RBC has an underperform rating and A$4.30 target on Evolution. The stock is up 0.5% at A$5.69. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

January 21, 2025 18:49 ET (23:49 GMT)

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