Morgans cut target for Evolution Mining stock to AUD 14.30

Published on 10/13/2026 at 00:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FY2026 underlying net profit after tax rose 63 percent to AUD 1.60 billion. For Evolution Mining stock, FY2027 gold output spans 660,000 to 730,000 ounces.

Key points in brief

Morgans cut its Evolution Mining target to AUD 14.30 on October 8, 2026.
FY2026 underlying net profit after tax rose 63 percent to AUD 1.60 billion.
FY2027 gold production guidance stands at 660,000 to 730,000 ounces.
Evolution Mining reports September quarter results on October 14, 2026.

Evolution, AU000000EVN4, Illustration mit AI erstellt.

Evolution Mining stock faced a lower analyst target after Morgans cut its valuation to AUD 14.30 on October 8, 2026, as reported by TradingView. The target remains above the AUD 13.11 ASX quote dated October 12, 2026, but the next operational test arrives with September quarter results.

Three events shape the stock

On August 19, 2026, Evolution Mining reported FY2026 underlying net profit after tax of AUD 1.60 billion, up 63 percent from the prior year, according to the Yahoo Finance transcript. On September 29, 2026, the company presented FY2026 production of 890,000 gold equivalent ounces and copper at 22 percent of revenue at the Mining Forum Americas, according to Investing.com. On October 8, 2026, Morgans cut its target to AUD 14.30, according to TradingView.

Results arrive on October 14

Evolution Mining's investor calendar lists September quarter results for October 14, 2026, followed by the annual general meeting on November 26, 2026, on its investor relations page. The report will provide the first production and cost figures against FY2027 guidance of 660,000 to 730,000 ounces of gold, 63,000 to 78,000 tonnes of copper and all-in sustaining costs of AUD 1,795 to AUD 1,995 per ounce, according to the FY2026 earnings transcript.

What does the target cut change?

The revised AUD 14.30 target is 9.08 percent above the AUD 13.11 ASX quote dated October 12, 2026. That comparison is narrower than the company's FY2026 operating improvement: underlying EBITDA reached AUD 3.20 billion, up 44 percent year over year, while group cash flow rose 76 percent to AUD 1.40 billion, according to Yahoo Finance. For investors, the key question is whether the September quarter can support that cash generation while Ernest Henry works through operational disruption and planned investment.

Last euro quote before results

The last Lang & Schwarz quote stood at EUR 8.17 on October 12, 2026 at 11:00 p.m. CEST. The ASX quote was AUD 13.11 on October 12, 2026, with a 52-week range of AUD 9.79 to AUD 17.75 and market capitalization of AUD 26.6 billion.

The further course of trading is shown by the continuously updated real-time quote of Evolution stock.