A Wall Street analyst has provided a review for the Materials company yesterday, but retained the same rating on the stock. Analyst Dalton Baretto from Canaccord Genuity remains bullish on Trevali Mining (TV) and has a C$0.75 price target.
According to TipRanks.com, Baretto is a 4-star analyst with an average return of 7.5% and a 53.2% success rate. Baretto covers the Basic Materials sector, focusing on stocks such as Trevali Mining Corporation, Teck Resources Limited, and Fortuna Silver Mines.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Trevali Mining with a C$0.68 average price target, representing an 83.8% upside. In a report issued on February 20, BMO Capital also reiterated a Buy rating on the stock with a C$0.60 price target.
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Based on Trevali Mining’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$40.66 million. In comparison, last year the company had a net profit of C$30.28 million.
Trevali Mining Corp. engages in the acquisition, exploration, development and production of mineral properties. It focuses on the production of zinc and lead-silver concentrates from its Santander Mine in Peru, its Caribou Mine in the Bathurst Mining Camp, northern New Brunswick, Canada, its Rosh Pinah Mine in Namibia and producing zinc concentrates from its Perkoa Mine in Burkina Faso. The company was founded by Mark D. Cruise on December 31, 1993 and is headquartered in Vancouver, Canada.
The company’s shares closed on Friday at C$0.37, close to its 52-week low of C$0.32.
