EVN has endured its second 40% correction in 2-years, who say markets don’t regularly move in cycles! We believe similar to the whole gold sector EVN has gone from being overvalued to undervalued in less than 6-months, a characteristic we should probably all get used to in 2021. The stocks now forecast to yield over 4% fully franked over the next year adding to its attraction when compared to the minuscule return on term deposits.
MM likes EVN below $4.
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