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: 1.33
Index: 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

$7.14

10 Apr
2025

0.510

OPEN

$7.01

7.69%

HIGH

$7.14

10,967,520

LOW

$6.91

TARGET
$6.234 -12.7% downside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
EVN: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 22.0 46.1 xxx
DPS (cps) xxx 7.0 18.2 xxx
EPS Growth xxx 100.0% 100.0% xxx
DPS Growth xxx 75.0% 100.0% xxx
PE Ratio xxx N/A 15.9 xxx
Dividend Yield xxx N/A 2.5% xxx
Div Pay Ratio(%) xxx 31.8% 39.4% xxx

Dividend yield today if purchased 3 years ago: 1.59%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.98

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 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx22.0
DPS All xxxxxxxxxxxxxxx7.0
Sales/Revenue xxxxxxxxxxxxxxx3,215.8 M
Book Value Per Share xxxxxxxxxxxxxxx208.6
Net Operating Cash Flow xxxxxxxxxxxxxxx1,281.4 M
Net Profit Margin xxxxxxxxxxxxxxx13.13 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx11.36 %
Return on Invested Capital xxxxxxxxxxxxxxx7.83 %
Return on Assets xxxxxxxxxxxxxxx5.42 %
Return on Equity xxxxxxxxxxxxxxx11.36 %
Return on Total Capital xxxxxxxxxxxxxxx14.86 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx723.7 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx127 M
Long Term Debt xxxxxxxxxxxxxxx1,893 M
Total Debt xxxxxxxxxxxxxxx2,019 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx403 M
Price To Book Value xxxxxxxxxxxxxxx1.68

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx918.3 M
Capex % of Sales xxxxxxxxxxxxxxx28.55 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,313 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx65 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx128 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

-0.2

No. Of Recommendations

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

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxx xx xxxxxxxxxxx xxxx xxxxx-xxxxxx

$xx.xx

xx.xx%

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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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Morgans

04/03/2025

3

Reinstate Coverage with Hold

$5.90

-17.37%

Morgans reinstates coverage of Evolution Mining with a Hold rating and $5.90 target. The company is the third largest gold miner listed on the ASX with a market capitalisation of $12.7bn and five gold mines in Australia and one in Canada.

The broker notes recent exploration success across several of its gold mines and the execution of the Mungari mill expansion. The latter should drive much of the growth expected in FY26-27.

While believing the stock is one-off the highest quality listed gold producers on the ASX, Morgans assesses the recent outperformance means the share price is presently trading at a premium valuation.

FORECAST
Morgans forecasts a full year FY25 dividend of 19.30 cents and EPS of 48.40 cents.
Morgans forecasts a full year FY26 dividend of 27.80 cents and EPS of 55.90 cents.

UBS

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

4

xxxxxxxxx xx xxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

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

Goldman Sachs

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Jarden

10/04/2025

4

Underweight

$5.66

-20.73%

Jarden analysts raised gold price forecast for the June quarter to US$3,100/oz from US$,2700 for the June quarter. They also lifted FY25/26/27/28 forecasts to US$2,774/US$2,800/US$2,500/US$2,400/oz from US$2,498/US$2,250/US$2,150/US$2,150.

The broker notes AUD/USD forecast of $0.64 and the spot gold forecast in AUD terms of $4,844/oz would result in over 50% earnings () margins for domestic gold producers. On this benchmark, spot gold prices are unsustainably high.

The broker increased FY26 EPS forecast for Evolution Mining by 55% and FY27 by 40%.

Underweight retained. Target price lifts to $5.66 from $4.68.

FORECAST
Jarden forecasts a full year FY25 dividend of 19.00 cents and EPS of 44.00 cents.
Jarden forecasts a full year FY26 dividend of 19.00 cents and EPS of 56.00 cents.

Canaccord Genuity

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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EVN STOCK CHART

FNArena News on EVN

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