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: 0.45
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

$15.68

27 Aug
2026

-0.220

OPEN

$15.60

-1.38%

HIGH

$15.75

7,670,334

LOW

$15.36

TARGET
$13.875 -11.5% downside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
EVN: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 72.8 91.0 xxx
DPS (cps) xxx 0.0 44.3 xxx
EPS Growth xxx 56.6% 24.9% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 17.2 xxx
Dividend Yield xxx N/A 2.8% xxx
Div Pay Ratio(%) xxx N/A 48.7% xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

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: 03/03 - ex-div 20.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx72.8
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx5,558.8 M
Book Value Per Share xxxxxxxxxxxxxxx287.0
Net Operating Cash Flow xxxxxxxxxxxxxxx2,636.6 M
Net Profit Margin xxxxxxxxxxxxxxx26.54 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx27.35 %
Return on Invested Capital xxxxxxxxxxxxxxx21.18 %
Return on Assets xxxxxxxxxxxxxxx14.62 %
Return on Equity xxxxxxxxxxxxxxx27.35 %
Return on Total Capital xxxxxxxxxxxxxxx33.79 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx916.7 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx16 M
Long Term Debt xxxxxxxxxxxxxxx1,401 M
Total Debt xxxxxxxxxxxxxxx1,416 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,347 M
Price To Book Value xxxxxxxxxxxxxxx4.09

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx1,204.5 M
Capex % of Sales xxxxxxxxxxxxxxx21.67 %
Cost of Goods Sold xxxxxxxxxxxxxxx3,068 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx131 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx127 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

Morgans

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

20/08/2026

2

Accumulate

$13.50

-13.90%

Ord Minnett maintains its Accumulate rating for Evolution Mining and lifts its target to $13.50 from $12.80 after the miner's FY26 result broadly matched expectations.

The 21c final dividend represented a 60% payout, while the balance sheet improved by $849m over the year.

Higher commodity prices could support further distributions and provide capacity for the Northparkes expansion or acquisitions, although FY27 cost and capital expenditure guidance was respectively around 5% and 8% above consensus, the broker observes.

Earnings forecasts changed only marginally.

FORECAST
Ord Minnett forecasts a full year FY27 dividend of 40.60 cents and EPS of 87.10 cents.
Ord Minnett forecasts a full year FY28 dividend of 26.90 cents and EPS of 84.10 cents.

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$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

Canaccord Genuity

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Jarden

24/08/2026

4

Underweight

$10.00

-36.22%

Jarden maintains its Underweight recommendation for Evolution Mining with its target price reduced to $10.00 from $10.70 following an FY26 EBITDA result of $3.0bn missing consensus expectations by -2% alongside FY27 guidance highlighting significant capital intensity for sustaining production.

FY27 production is guided at 660 to 730koz representing a -3% year-on-year decrease at all-in sustaining costs of $1,795 to $1,995/oz reflecting a 10% increase, while capital expenditure is projected at $1,275m to $1,475m marking a 26% increase.

The broker suggests the market will make negative revisions given these heightened capital requirements.

Although the company continues operating well and delivering margin expansion into higher metal prices with a dividend policy targeting 60% of group cash flow, the analyst notes the share price implies long-term commodity prices of US$4,400/oz gold and US$6.00/lb copper which sit well above peers and the broker's forecasts.
Access Extra Coverage Research History >

EVN STOCK CHART

FNArena News on EVN

1
Australian Broker Call *Extra* Edition – Aug 24, 2026

Aug 24 2026 - Daily Market Reports
2
Weekly Ratings, Targets, Forecast Changes – 21-08-26

Aug 24 2026 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Aug 21, 2026

Aug 21 2026 - Daily Market Reports
4
FNArena Corporate Results Monitor – 20-08-2026

Aug 20 2026 - Australia
5
Australian Broker Call *Extra* Edition – Jul 29, 2026

Jul 29 2026 - Daily Market Reports

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