Trevali Mining (TSE:TV) Price Target Cut to C$0.40

Trevali Mining (TSE:TV) had its target price dropped by analysts at BMO Capital Markets from C$0.50 to C$0.40 in a research note issued to investors on Monday, BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 100.00% from the stock’s current price.

Several other research firms also recently issued reports on TV. TD Securities downgraded Trevali Mining from a “buy” rating to a “hold” rating and cut their price target for the stock from C$0.60 to C$0.30 in a research note on Monday, July 22nd. Haywood Securities downgraded Trevali Mining from a “buy” rating to a “hold” rating and cut their price target for the stock from C$0.80 to C$0.35 in a research note on Tuesday, July 23rd. CIBC downgraded Trevali Mining from a “neutral” rating to an “underperform” rating and cut their price target for the stock from C$0.35 to C$0.15 in a research note on Friday, September 6th. Raymond James cut their price target on Trevali Mining from C$0.45 to C$0.40 and set a “market perform” rating for the company in a research note on Friday, August 2nd. Finally, Cormark cut their price target on Trevali Mining from C$0.85 to C$0.65 in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of C$0.44.

TSE:TV opened at C$0.20 on Monday. The company has a market capitalization of $162.64 million and a PE ratio of -0.57. The company has a quick ratio of 1.37, a current ratio of 2.28 and a debt-to-equity ratio of 18.63. Trevali Mining has a 52-week low of C$0.17 and a 52-week high of C$0.59. The stock has a fifty day simple moving average of C$0.21 and a 200-day simple moving average of C$0.27.

Trevali Mining (TSE:TV) last released its quarterly earnings results on Wednesday, July 31st. The company reported C($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.01 by C($0.05). The firm had revenue of C$86.18 million during the quarter. As a group, equities analysts anticipate that Trevali Mining will post 0.0306977 earnings per share for the current year.

About Trevali Mining

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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Analyst Recommendations for Trevali Mining (TSE:TV)

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