National Bank Thinks Trevali Mining’s Stock is Going to Recover


The Materials sector company, Trevali Mining (TV), has received a rating update from a Wall Street analyst today. Analyst Don DeMarco from National Bank reiterated a Buy rating, with a C$0.50 price target.

According to TipRanks.com, DeMarco is a 4-star analyst with an average return of 15.2% and a 82.0% success rate. DeMarco covers the Basic Materials sector, focusing on stocks such as Trevali Mining Corporation, Detour Gold Corporation, and OceanaGold Corporation.

Currently, the analyst consensus on Trevali Mining is a Moderate Buy with an average price target of C$0.66, representing a 73.7% 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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The company has a one-year high of C$1.61 and a one-year low of C$0.32. Currently, Trevali Mining has an average volume of 2.28M.

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 Monday at C$0.38, close to its 52-week low of C$0.32.

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