Buy, Hold, Sell – What the Brokers Say

Founder of FNArena
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In the good books

1. EVOLUTION MINING (EVN) was upgraded to Add from Hold by Morgans

Morgans upgrades to Add from Hold, given recent share price weakness, with macro events implying further global economic uncertainty and, hence, an increased probability the gold price will appreciate. The broker notes the company's costs and production guidance have been met for the past seven years and costs are among the lowest in the industry. Target is reduced to $3.55 from $3.85. A consistent history, along with well-run operations and conservative assumptions provides long-term investors with a lower risk/value proposition, in the broker's view.

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