Think Evolution Mining Lacks Growth? Think Again -- Market Talk

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0124 GMT - Evolution Mining's latest update "directly challenges the narrative that EVN is expensive and lacks growth," says Barrenjoey analyst Daniel Morgan. He says broadly in-line 1H earnings are "comprehensively (and positively) overshadowed by news on growth and Triple Flag stream amendments." The miner on Wednesday said its board has approved several growth projects and that it has amended a streaming agreement with Canadian precious metals company Triple Flag at the Northparkes mine in Australia. Barrenjoey upgraded Evolution to overweight on Feb. 2 because it expected Northparkes could be a big lever of additional value through expansion and a potential change in the Triple Flag stream, Morgan says. Barrenjoey reiterates a target price of A$16.50. Evolution is up 5.7% at A$15.84. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

 

(END) Dow Jones Newswires

February 10, 2026 20:24 ET (01:24 GMT)

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