EVN rallied +5.2% on Monday, but it remains below its 2024 high and significantly below its 2020 high. We like EVN moving forward, and although its capital raise in December has weighed on the stock, its $715mn purchase of copper-gold mine NorthParkes is looking very well timed.
- We like EVN for its 25% copper exposure on top of its main gold business– MM is long EVN in our Active Growth Portfolio.
MM is long and bullish EVN
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