EVOLUTION MINING LIMITED (EVN)
Share Price Analysis and Chart

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EVN

EVN - EVOLUTION MINING LIMITED

FNArena Sector : Gold & Silver
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.8
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Evolution Mining is an Australian gold and gold/copper concentrate producer. It owns and operates five mines in NSW, QLD and WA. Evolution was created in 2011 through the merger of Catalpa Resources and Conquest Mining.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$9.31

17 Sep
2025

-0.120

OPEN

$9.15

-1.27%

HIGH

$9.42

6,333,559

LOW

$9.15

TARGET
$7.60 -18.4% downside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
EVN: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 46.5 66.8 xxx
DPS (cps) xxx 20.0 29.0 xxx
EPS Growth xxx 100.0% 43.7% xxx
DPS Growth xxx 100.0% 44.8% xxx
PE Ratio xxx N/A 13.8 xxx
Dividend Yield xxx N/A 3.1% xxx
Div Pay Ratio(%) xxx 43.0% 43.4% xxx

Dividend yield today if purchased 3 years ago: 9.85%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.17

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 29/08 - ex-div 2c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx46.5
DPS All xxxxxxxxxxxxxxx20.0
Sales/Revenue xxxxxxxxxxxxxxx4,351.5 M
Book Value Per Share xxxxxxxxxxxxxxx247.6
Net Operating Cash Flow xxxxxxxxxxxxxxx1,966.6 M
Net Profit Margin xxxxxxxxxxxxxxx21.28 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx20.36 %
Return on Invested Capital xxxxxxxxxxxxxxx14.55 %
Return on Assets xxxxxxxxxxxxxxx10.04 %
Return on Equity xxxxxxxxxxxxxxx20.36 %
Return on Total Capital xxxxxxxxxxxxxxx22.36 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx997.8 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx29 M
Long Term Debt xxxxxxxxxxxxxxx1,739 M
Total Debt xxxxxxxxxxxxxxx1,768 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx760 M
Price To Book Value xxxxxxxxxxxxxxx3.15

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx1,176.4 M
Capex % of Sales xxxxxxxxxxxxxxx27.03 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,812 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx98 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx148 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

-0.4

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

4

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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UBS

15/08/2025

5

Sell

$7.40

-20.52%

UBS has increased its long-term gold price forecast by A$850/oz to A$4,000/oz with the analysts identifying higher production costs and continued strong demand for the safety of the yellow metal as key drivers.

Shorter term, UBS sees a peak of A$5,500/oz (or higher) within 12 months.

Regarding ASX-listed gold exposures, the broker notes guidance season has seen the local sector underperform global peers, because of higher costs and ongoing very elevated mine development capex, not to mention production downgrades in some cases.

For Evolution Mining, the broker's price target has improved to $7.40 from $6.60. Sell.

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

xx/xx/xxxx

4

xxxxxxxxxxx

$xx.xx

xx.xx%

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Canaccord Genuity

21/07/2025

1

Buy

$8.50

-8.70%

Evolution Mining's 4Q25 group gold production of 182koz beat Canaccord Genuity's forecast of 173koz but matched the consensus, while copper production was in line. Cost was lower vs the broker's forecast but higher than consensus.

The company achieved FY25 production guidance on both gold and copper. For FY26, the production guidance was broadly in line with the analyst's estimate but cost forecast was higher.

The broker marginally lifted FY26 gold production forecast and slightly lowered copper production estimate. Cost forecast was, however, raised significantly, up 10% for FY26 and up 6% for FY27.

Buy. Target price $8.50.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 27.00 cents and EPS of 69.00 cents.
Access Extra Coverage Research History >

EVN STOCK CHART

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