Trevali Mining (TV) Receives a Hold from Raymond James

By Jason Carr

The Materials sector company, Trevali Mining (TVResearch Report), has received a rating update from a Wall Street analyst today. Analyst Brian MacArthur from Raymond James reiterated a Hold rating, with a C$0.40 price target.

According to TipRanks.com, MacArthur is a 2-star analyst with an average return of 0.2% and a 45.3% success rate. MacArthur covers the Basic Materials sector, focusing on stocks such as Trevali Mining Corporation, Osisko Gold Royalties Ltd, and Teck Resources Limited.

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Trevali Mining has an analyst consensus of Moderate Buy, with a price target consensus of C$0.45, representing a 109.3% upside. In a report issued on July 23, Haywood also downgraded the stock to Hold with a C$0.35 price target.

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The company has a one-year high of C$0.82 and a one-year low of C$0.21. Currently, Trevali Mining has an average volume of 1.25M.

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$0.22, close to its 52-week low of C$0.21.