National Bank Remains a Buy on Trevali Mining (TV)

By Jason Carr

Trevali Mining (TVResearch Report), the Materials sector company, has received a rating update from a Wall Street analyst today. National Bank’s analyst Don DeMarco reiterates their Buy rating on the shares, with a C$0.60 price target.

According to TipRanks.com, DeMarco is a 5-star analyst with an average return of 13.7% and a 79.7% success rate. DeMarco covers the Basic Materials sector, focusing on stocks such as Trevali Mining Corporation, Kirkland Lake Gold Ltd, and First Majestic Silver.

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Currently, the analyst consensus on Trevali Mining is a Strong Buy with an average price target of C$0.59, an 110.7% upside from current levels. In a report issued on June 17, BMO Capital also maintained a Buy rating on the stock with a C$0.60 price target.

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Based on Trevali Mining’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$20.56 million. In comparison, last year the company had a net profit of C$33.58 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 Friday at C$0.28, close to its 52-week low of C$0.26.