What is Macquarie's price target for Evolution Mining shares after its FY25 result?

What is Macquarie's price target for Evolution Mining shares after its FY25 result?

Evolution Mining Ltd (ASX: EVN) has been a star performer so far this year. This ASX 200 mining stock has seen its share price roar from $4.84 at the beginning of January to $7.98 at the time of writing. This equates to an eye-catching 65% surge. In comparison, the All Ordinaries Index (ASX: XAO) is up by 8.2% over the same period. It's fair to say that investors in the company have had many reasons to smile. But do Evolution Mining shares have …

Evolution releases sparkling FY25 financial results

Copper and gold producer Evolution Mining has released a cracking financial report for FY25, delivering a record net profit of $926 million. Its success saw the board declare a dividend of 13 cents per share for the full year, handing out a total of about $260 million to company shareholders. The run of high-margin, high cash flow generation is expected to continue in FY26. Evolution said cash flow would be generated from the combination of a qu…