Trevali Mining (TREVF) Gets a Hold Rating from Raymond James

By Carrie Williams

In a report released today, Brian MacArthur from Raymond James maintained a Hold rating on Trevali Mining (TREVFResearch Report), with a price target of C$0.15. The company’s shares closed last Wednesday at $0.15.

According to TipRanks.com, MacArthur is a 3-star analyst with an average return of 1.2% and a 44.8% success rate. MacArthur covers the Basic Materials sector, focusing on stocks such as Freeport-McMoRan, Hudbay Minerals, and Teck Resources.

Trevali Mining has an analyst consensus of Hold, with a price target consensus of $0.14, which is a -12.5% downside from current levels. In a report released today, National Bank also maintained a Hold rating on the stock with a C$0.20 price target.

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Based on Trevali Mining’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $50.16 million and net profit of $1.3 million. In comparison, last year the company earned revenue of $87.14 million and had a GAAP net loss of $15.28 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.