The Materials sector company, Trevali Mining (TSX: TV), has received a rating update from a Wall Street analyst on October 10. Analyst Orest Wowkodaw from Scotiabank reiterated a Buy rating, with a C$1.10 price target on October 10.
According to TipRanks.com, Wowkodaw is a 5-star analyst with an average return of 19.9% and a 52.5% success rate. Wowkodaw covers the Basic Materials sector, focusing on stocks such as Teck Resources Limited, Nevsun Resources Ltd, and Taseko Mines Limited.
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Trevali Mining with a C$1.52 average price target, which is an 111.1% upside from current levels. In a report released yesterday, TD Securities also reiterated a Buy rating on the stock with a C$1.20 price target.
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Trevali Mining’s market cap is currently C$581.8M and has a P/E ratio of 6. The company has a Price to Book ratio of 0.58.
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.
