Weekly | Is $EVN Riding the Gold Wave to New Highs?

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 8,864.90 on Friday, up 0.11% in the past 5 days.

1. $EVOLUTION MINING LTD(EVN.AU)$ +9.27%

• The company's share price rise coincided with a significant uplift in the S&P/ASX All Ordinaries Gold index, which was up over 3% . This suggests Evolution Mining benefited from a strong tailwind within the gold sector, potentially driven by favorable gold prices.

• Institutional investors control a substantial portion (64%) of Evolution Mining's shares . The stock's significant gain over the past year (146%) and a weekly market cap increase of A$1.4 billion likely encouraged further institutional and general market buying activity .

• Recent reports highlighted Evolution's robust financial health, including a cash position exceeding A$660 million and a leverage ratio below 20% . The market may have been reacting positively to this consistent operational strength and efficient cost management.

• Bell Potter upgraded Evolution Mining's shares to a "buy" rating with an improved price target of A$10.55 . This upgrade likely boosted investor confidence and contributed to buying pressure.

2. $LIFE360 INC-CDI(360.AU)$ +7.99%

• Life360 announced a partnership with AccuWeather, the world’s most accurate and widely used source of weather forecasts and warnings. Members will now receive real-time, location-based severe weather alerts to help families stay prepared and connected.

• Life 360's roaring success is also evident in its impressive annual results. In its FY25 results, the company revealed a 36% year-on-year surge in revenue, and its EBITDA rocketed 85%. Its share price lifted 13.7% within two days of the report.

• Over the past 3 months, Life360 shares have jumped 32.21% higher and over the past 6 months the stock has increased in value by a whopping 117.39%. Since this time last year the share price has roared higher by an enormous 169.69%.

3. $NORTHERN STAR RESOURCES LTD(NST.AU)$ +6.32%

• Gold prices rallied to a record high of $3,674.27 per ounce in September 2025, boosting shares of major gold miners including Northern Star Resources. The company, as a significant player in the ASX 200 gold sector, benefited from this broader positive momentum and investor optimism towards gold-related assets.

• Macquarie maintained an "outperform" rating on Northern Star with a revised 12-month price target of A$24, suggesting a potential 14% upside.

• The company reported a robust 30% increase in revenue to A$6.4 billion for FY25, driven by a 29% rise in the average realized gold price to $3,922 per ounce.

4. $NEXTDC LTD(NXT.AU)$ +4.84%

1. NEXTDC announced a massive A$15 billion data center development project in Western Sydney, specifically targeting the surging demand for AI and cloud services. The market responded positively to the company's strategy to fund this through private capital partnerships and increased debt facilities, rather than diluting existing shareholders.

2. The company reported solid FY25 results and provided robust guidance for FY26, expecting capital expenditure to reach A$1.8-2.0 billion due to record AI demand.

5. $SEEK LTD(SEK.AU)$ +3.63%

• SEEK reported robust financial performance for FY25, demonstrating successful execution of its strategy. This strong momentum is expected to continue into FY26.

• The good news for Seek shares enthusiasts is that Macquarie believes the stock has further to run.

• Seek shares have been the best-performing ASX-listed online classified business for the year to date. Seek has risen 18% so far in 2025.