The Materials sector company, Trevali Mining (TSX: TV), 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$1.10 price target.
According to TipRanks.com, Hutchison is a 4-star analyst with an average return of 13.2% and a 45.8% 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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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Trevali Mining with a C$1.38 average price target, representing a 153.2% 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 Wednesday at C$0.55, close to its 52-week low of C$0.49.
