This week it goes to Evolution Mining (EVN)!
One of Equity Story’s 3YR Growth stories, Evolution Mining (EVN) looked fantastic as a candidate for our Hot Stock this week and after rigorous analysis, we’ve crowned it this week’s pick.
On the fundamental front, we’ve seen EVN consistently put out growth figures with one of the lowest AISCs in the industry to boast and a record low for them at $785/oz for their recent half year. We continue to see EVN put out solid numbers and really like their Cowal operation being able to deliver 130koz just last half year.
Further, Trump’s recent political maneuvers in Trade and a weakening Aussie dollar, we see as boosts to EVN short to medium term and with technicals suggesting a break to the upside, we think gold is gaining traction and will take EVN on a ride along with it.
In a difficult market like we are experiencing now, Gold should ordinarily do well. On that general note, fingers crossed for continued momentum!