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Trevali Mining (TV) Received its Third Buy in a Row


Analysts seem to be feeling optimistic about Trevali Mining (TV) lately, with several positive ratings in a row that it received in the past month alone. Analyst Dalton Baretto from Canaccord Genuity remains bullish on the stock and has a C$1.25 price target.

According to TipRanks.com, Baretto is a 3-star analyst with an average return of 3.1% and a 45.1% success rate. Baretto covers the Basic Materials sector, focusing on stocks such as Teck Resources Limited, Hecla Mining Company, and Nevsun Resources Ltd.

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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Trevali Mining with a C$1.12 average price target, representing a 146.2% upside. In a report released yesterday, Scotiabank also reiterated a Buy rating on the stock with a C$0.85 price target.

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Trevali Mining’s market cap is currently C$378.2M and has a P/E ratio of 4.6. The company has a Price to Book ratio of 0.38.

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$0.46, equals to its 52-week low of C$0.46.