In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Trevali Mining (TV). The company received a Buy today from National Bank’s analyst Don DeMarco, with a C$0.70 price target.
According to TipRanks.com, DeMarco is a 3-star analyst with an average return of 5.8% and a 63.3% success rate. DeMarco covers the Basic Materials sector, focusing on stocks such as Golden Star Resources Ltd, OceanaGold Corporation, and SilverCrest Metals Inc.
Currently, the analyst consensus on Trevali Mining is a Strong Buy with an average price target of C$0.94, implying a 138.0% upside from current levels. In a report issued on January 7, Canaccord Genuity also reiterated a Buy rating on the stock with a C$1 price target.
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Trevali Mining’s market cap is currently C$344.9M and has a P/E ratio of 5.4. The company has a Price to Book ratio of 0.36.
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$0.40, close to its 52-week low of C$0.34.
