GMP FirstEnergy Thinks Trevali Mining’s Stock is Going to Recover

By Ryan Adsit

In a new note to investors on January 18, an analyst has provided a rating update for Trevali Mining (TVResearch Report). The company received a Buy on January 18 from GMP FirstEnergy’s analyst Ian Parkinson, with a C$1 price target.

Parkinson has an average return of 77.4% when recommending Trevali Mining.

According to TipRanks.com, Parkinson is ranked #239 out of 5128 analysts.

Trevali Mining has an analyst consensus of Moderate Buy, with a price target consensus of C$0.73, a 108.6% upside from current levels. In a report issued on January 14, National Bank also maintained a Buy rating on the stock with a C$0.70 price target.

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The company has a one-year high of C$1.69 and a one-year low of C$0.34. Currently, Trevali Mining has an average volume of 2.81M.

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 Friday at C$0.35, close to its 52-week low of C$0.34.