Gold and copper (25%) miner EVN delivered a solid quarterly update earlier this month, catapulting the stock towards $9. We have written extensively about EVN over the recent months, having successfully held the stock through the 2024 explosive advance. The confirmation that EVN is delivering operationally has it firmly back on our radar into a correction -it’s already retraced 12% with moves of ~20% commonplace over the last few years; hence, we remain patient at this stage.
- We are fans of EVN and at this stage keen buyers of EVN back around $7.
MM is bullish on EVN medium term
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