Citi analyst Kate McCutcheon maintained a Hold rating on Evolution Mining Limited (CAHPF – Research Report) today and set a price target of A$5.80. The company’s shares closed yesterday at $3.76.

McCutcheon covers the Basic Materials sector, focusing on stocks such as Mineral Resources Limited, Pilbara Minerals Limited, and IGO. According to TipRanks, McCutcheon has an average return of 8.5% and a 60.77% success rate on recommended stocks.

Currently, the analyst consensus on Evolution Mining Limited is a Hold with an average price target of $3.37, representing a -10.37% downside. In a report released today, Morgan Stanley also maintained a Hold rating on the stock with a A$5.55 price target.

Based on Evolution Mining Limited’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.88 billion and a net profit of $325.4 million. In comparison, last year the company earned a revenue of $1.09 billion and had a net profit of $62.59 million