Trevali Mining (TV) Price Target Cut to C$0.65 by Analysts at Canaccord Genuity
Trevali Mining (TSE:TV) had its price objective dropped by research analysts at Canaccord Genuity from C$0.75 to C$0.65 in a research note issued to investors on Monday, BayStreet.CA reports. Canaccord Genuity’s price target points to a potential upside of 51.16% from the company’s current price.
Several other research analysts have also commented on the company. National Bank Financial reduced their price target on Trevali Mining from C$0.80 to C$0.70 and set an “outperform” rating on the stock in a report on Monday, January 14th. BMO Capital Markets reiterated an “outperform” rating and set a C$0.80 price target on shares of Trevali Mining in a report on Wednesday, January 9th. Royal Bank of Canada lowered Trevali Mining from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$1.00 to C$0.60 in a report on Friday, January 18th. Raymond James restated an “outperform” rating and issued a C$0.60 price objective on shares of Trevali Mining in a report on Friday, February 22nd. Finally, CIBC reduced their price objective on shares of Trevali Mining from C$1.20 to C$1.00 in a report on Monday, January 21st. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of C$0.72.
Shares of TSE TV traded down C$0.01 during trading on Monday, hitting C$0.43. 366,426 shares of the company were exchanged, compared to its average volume of 2,271,092. Trevali Mining has a 12-month low of C$0.32 and a 12-month high of C$1.26. The company has a quick ratio of 0.72, a current ratio of 1.09 and a debt-to-equity ratio of 27.18. The firm has a market cap of $360.92 million and a PE ratio of -1.59.
Trevali Mining Company Profile
Trevali Mining Corporation, a natural resource company, engages in the acquisition, exploration, and development of mineral properties in Burkina Faso, Namibia, Canada, and Peru. It primarily explores for zinc, lead, silver, and copper deposits. The company owns interests in the Perkoa mine located in the Sanguie Province, Burkina Faso; Rosh Pinah mine located in southwestern Namibia; Caribou mine located to the west of Bathurst, New Brunswick, Canada; and Santander mine located to the northeast of Lima, Peru.
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