Evolution Mining – Algo Buy Signal

Evolution Mining is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.

A review of the valuation metrics show FY20 revenue is forecast to be $1.6bn, EBITDA jumps to $940mn on net income of $390mn.

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This places EVN on 16x forward earnings and a 3.5% dividend yield.

Buy EVN $4.70

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