RBC Capital Maintains a Hold Rating on Trevali Mining (TREVF)

By Jason Carr

In a report released today, Sam Crittenden from RBC Capital maintained a Hold rating on Trevali Mining (TREVFResearch Report), with a price target of C$0.10. The company’s shares closed last Friday at $0.06, close to its 52-week low of $0.04.

According to TipRanks.com, Crittenden is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -7.0% and a 41.1% success rate. Crittenden covers the Basic Materials sector, focusing on stocks such as Turquoise Hill Resources, First Quantum Minerals, and Nexa Resources SA.

Trevali Mining has an analyst consensus of Hold, with a price target consensus of $0.07.

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Based on Trevali Mining’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $51.95 million and GAAP net loss of $172 million. In comparison, last year the company earned revenue of $125 million and had a net profit of $15.47 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.