Trevali Mining (TREVF) Receives a Hold from Canaccord Genuity
In a report issued on January 7, Dalton Baretto from Canaccord Genuity maintained a Hold rating on Trevali Mining (TREVF), with a price target of C$0.20. The company’s shares closed last Monday at $0.18, close to its 52-week high of $0.20.
According to TipRanks.com, Baretto is a 5-star analyst with an average return of 29.2% and a 61.8% success rate. Baretto covers the Basic Materials sector, focusing on stocks such as Turquoise Hill Resources, First Quantum Minerals, and Fortuna Silver Mines.
The word on The Street in general, suggests a Hold analyst consensus rating for Trevali Mining with a $0.19 average price target.
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Based on Trevali Mining’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $50.16 million and net profit of $1.3 million. In comparison, last year the company earned revenue of $87.14 million and had a GAAP net loss of $15.28 million.
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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.