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TD Securities Sticks to Its Buy Rating for Trevali Mining (TV)


Trevali Mining (TSX: TV), the Materials sector company, has received a rating update from a Wall Street analyst yesterday. Analyst Craig Hutchison from TD Securities rated Trevali Mining (TSX: TV) a Buy, setting a C$1.20 price target.

According to TipRanks.com, Hutchison is a 4-star analyst with an average return of 17.2% and a 47.8% success rate. Hutchison covers the Basic Materials sector, focusing on stocks such as Taseko Mines Limited, Capstone Mining Corp, and Denison Mines.

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Currently, the analyst consensus on Trevali Mining is a Strong Buy with an average price target of C$1.57.

The company has a one-year high of C$1.75 and a one-year low of C$0.59. Currently, Trevali Mining has an average volume of 1.88M.

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 Thursday at C$0.70, close to its 52-week low of C$0.59.