Evolution Dividend Beat Reflects Confidence in Outlook -- Market Talk

Dow Jones
Yesterday

2357 GMT - Evolution Mining's bigger-than-anticipated interim dividend more than offsets a slight miss on 1H net profit. "The higher-than-expected dividend of A$0.20/share (18% beat versus Visible Alpha) underpins EVN's confidence in its forward outlook," Macquarie says in a note. The dividend is a 33% beat to Macquarie's own estimates. Net profit of A$766.6 million is a 5% miss to consensus, although is 4% above Macquarie's estimate. The bank reiterates an underperform rating and A$11.00/share target on the stock. Evolution is up 3.3% at A$15.48. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

 

(END) Dow Jones Newswires

February 10, 2026 18:57 ET (23:57 GMT)

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