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

$12.81

07 Apr
2026

-0.210

OPEN

$13.49

-1.61%

HIGH

$13.49

7,987,636

LOW

$12.75

TARGET
$14.727 15.0% upside
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 46.5 110.0 xxx
DPS (cps) xxx 20.0 54.2 xxx
EPS Growth xxx 100.0% 100.0% xxx
DPS Growth xxx 100.0% 100.0% xxx
PE Ratio xxx N/A 12.8 xxx
Dividend Yield xxx N/A 3.8% xxx
Div Pay Ratio(%) xxx 43.0% 49.2% xxx

Dividend yield today if purchased 3 years ago: 5.92%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.42

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: 03/09 - ex-div 13.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 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

0.3

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxx xx xxxxxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Morgans

04/03/2026

3

Hold

$17.16

33.96%

Morgans remains bullish on precious metals following the reporting season, arguing the key opportunity lays in broader sector exposure rather than stock selection.

The broker notes spot gold continues to trade near record highs, balance sheets are strengthening and, aside from elevated royalty payments, material margin compression has not emerged.

At current spot prices and given the prevailing macro backdrop, the analysts believe the sector remains positioned for further re-rating despite recent share price gains.

Gold price forecasts are raised by 5% for FY26, 11% for FY27, 10% for FY28, 1% for FY29 and 23% on a long-term basis.

The target price for Evolution Mining rises to $17.16 from $14.50. Hold rating maintained.

FORECAST
Morgans forecasts a full year FY26 dividend of 77.69 cents and EPS of 161.26 cents.
Morgans forecasts a full year FY27 dividend of 62.70 cents and EPS of 129.90 cents.

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$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

18/02/2026

3

Hold

$14.20

10.85%

First half earnings from Evolution Mining were in line with estimates while the interim dividend, fully franked, of $0.20 per security was 33% higher than Canaccord Genuity expected.

The balance sheet has significantly de-leveraged with the business finishing the first half with cash of $967m. Development of Northparkes has been approved and first ore is expected from the end of FY30.

The broker continues to like the attractive free cash flow yield, enhanced flexibility on the balance sheet and the leverage to gold and copper. Hold rating is retained on valuation. Target rises to $14.20 from $13.85.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 39.00 cents and EPS of 87.00 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 51.00 cents and EPS of 119.00 cents.
Access Extra Coverage Research History >

EVN STOCK CHART

FNArena News on EVN

1
Australian Broker Call *Extra* Edition – Apr 08, 2026

1:57 PM - Daily Market Reports
2
Weekly Ratings, Targets, Forecast Changes – 02-04-26

Apr 07 2026 - Weekly Reports
3
Weekly Ratings, Targets, Forecast Changes – 27-03-26

Mar 30 2026 - Weekly Reports
4
Weekly Ratings, Targets, Forecast Changes – 20-03-26

Mar 23 2026 - Weekly Reports
5
Rudi’s View: TACO Time?

Mar 11 2026 - Rudi's View

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