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Canaccord Genuity Thinks Trevali Mining’s Stock is Going to Recover


Wall Street analyst has provided a review for the Materials company on October 10, but retained the same rating on the stock. On October 10, analyst Dalton Baretto gave a Buy rating to TV and set a C$1.50 price target.

According to TipRanks.com, Baretto is a 4-star analyst with an average return of 5.3% and a 43.9% success rate. Baretto covers the Basic Materials sector, focusing on stocks such as Teck Resources Limited, Fortuna Silver Mines, and Hecla Mining Company.

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Trevali Mining has an analyst consensus of Strong Buy, with a price target consensus of C$1.48, representing a 105.6% upside. In a report issued on October 10, Scotiabank also reiterated a Buy rating on the stock with a C$1.10 price target.

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Based on Trevali Mining’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$27.31 million. In comparison, last year the company had a GAAP net loss of C$9.87 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$0.72, close to its 52-week low of C$0.59.