Analysts seem to be optimistic about Trevali Mining (TV) lately, with another positive rating update this time from Scotiabank. Analyst Orest Wowkodaw reiterated a Buy rating, with a C$0.85 price target yesterday.
According to TipRanks.com, Wowkodaw is a 5-star analyst with an average return of 17.3% and a 51.8% success rate. Wowkodaw covers the Basic Materials sector, focusing on stocks such as Teck Resources Limited, Nevsun Resources Ltd, and Taseko Mines Limited.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Trevali Mining with a C$1.17 average price target.
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 Thursday at C$0.46, equals to its 52-week low of C$0.46.