$EVN

The article says Australian ASX futures point to a 0.2% higher open after Wall Street and European markets rose, led by semiconductor and technology stocks. It cites ASX 200 closing 0.02% higher at 8,793.30 and highlights ASX-listed NextDC (+7.7%) and South32 (+6.6%). It also notes US chip gains, with Micron up 12% and the Philadelphia Semiconductor Index up 5.2%.

Evolution Mining (ASX: EVN) shares rose 5.63% to A$10.89, reversing from 2026 lows. The move was linked to renewed safe-haven demand amid escalating Middle East tensions. Earlier, the company reported Q3 cash flow of A$406m, net cash above A$40m, and cut guidance for AISC by 6%. Consensus price target is about A$12.69.

Evolution Mining (ASX: EVN) shares fell 3.74% to A$11.34, extending a broader decline. The drop is linked to weaker gold prices and sector de-rating, with EVN breaking below the 50-day (A$12.25) and 200-day (A$12.63) moving averages. FY26 results cited 715,000 oz gold and a $1,717/oz AISC, plus a $406m interim dividend.

Futures indicate the ASX 200 may open up 0.6% after Wall Street rose on softer US inflation. US CPI was 3.5% y/y in June vs 3.8% forecast. Energy gained as oil rose on renewed US action near the Strait of Hormuz. Investors await quarterly updates from Rio Tinto, Evolution Mining, Ampol and Auckland Airport.

Evolution Mining (ASX:EVN) shares fell 5.11% to A$11.33 after a rally that pushed the stock near consensus fair value. The article cites UBS moving to Neutral, warning of cost inflation, possible ~5% earnings downside, and A$935m approved growth capex. Consensus target is A$13.49, about 19% above.

Morningstar Equity Research says it lowered near-term fair value estimates for its gold-mining coverage as gold prices fall and ETF outflows accelerate, partly offset by central bank buying. It now assumes gold averages ~$4,400/oz (2026-2028) vs ~$4,900, and ~$2,050 midcycle (2030). Fair values for EVN, NST, PRU, AEM, B, KGC, and NEM decline 4%-7%.

Evolution Mining (EVN) shares trade around A$12.50–13, near its YTD break-even of A$12.68, after a recent rise of 7.32% since H2. UBS moved EVN to Neutral, citing rising gold industry all-in sustaining costs (+~US$110/oz into FY2027) and potential earnings ~5% below consensus. Consensus target: A$13.51.

Australia’s S&P/ASX 200 rose modestly to 8,855.2 points (+0.12%) in mid-morning Monday despite SPI futures implying a slightly weaker open. The move followed Friday’s 1.4% gain, supported by gold strength and corporate updates. Notables: Northern Star, Evolution, BHP; Suncorp outlook cut; Helia ING lender deal; Infratil data-centre valuation; Austal target cut by Bell Potter.

Since trading resumed after the Middle East conflict began on 2 March, the ASX 200 fell 5.8%. Over the same period, Northern Star shares dropped 40.3%, Evolution Mining 31.5%, and Newmont 19.0%, according to the article. It links the declines to an ~18% gold price fall (US$5,322/oz to US$4,376) and, for Northern Star, production downgrades and higher cost forecasts. The report cites Datt Capital, noting gold’s lack of yield and energy-driven inflation concerns. It also says a 60-day US-Iran truc

The S&P/ASX 200 fell 1.45% to 8,592.9 on Thursday. SPI futures, according to the article, point to a Friday rebound with the index expected to open 55 points (0.65%) higher after US gains. Oil prices rose (WTI +0.9% to $89.46; Brent $94.31), while Bell Potter retained a buy on Mineral Resources with a $80.50 target. Gold futures rose 1% to $4,527.9.