Cormark Reiterates Sector Perform Rating for Trevali Mining (TSE:TV)

Trevali Mining (TSE:TV – Get Rating)‘s stock had its “sector perform” rating reiterated by analysts at Cormark in a research note issued on Thursday, Marketbeat.com reports. They presently have a C$0.75 price target on the stock. Cormark’s price target suggests a potential upside of 20.97% from the company’s previous close. Cormark also issued estimates for Trevali Mining’s FY2023 earnings at $0.59 EPS.

Separately, Canaccord Genuity Group lowered their target price on shares of Trevali Mining to C$0.60 in a report on Tuesday. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$0.37.

Shares of TV stock traded down C$0.02 on Thursday, hitting C$0.62. The stock had a trading volume of 50,946 shares, compared to its average volume of 313,746. The business has a 50 day moving average of C$1.23 and a 200 day moving average of C$1.19. The stock has a market cap of C$61.35 million and a price-to-earnings ratio of 1.89. The company has a debt-to-equity ratio of 46.29, a current ratio of 0.77 and a quick ratio of 0.53. Trevali Mining has a 12-month low of C$0.57 and a 12-month high of C$2.75.

Trevali Mining (TSE:TV – Get Rating) last announced its earnings results on Friday, February 25th. The company reported C$0.01 EPS for the quarter, missing the consensus estimate of C$0.26 by C($0.25). The firm had revenue of C$114.45 million for the quarter. As a group, research analysts expect that Trevali Mining will post 0.33 earnings per share for the current fiscal year.

About Trevali Mining (Get Rating)

Trevali Mining Corporation, a base-metals mining company, engages in the acquisition, exploration, development of, and production from mineral properties. It primarily explores for zinc, lead, silver, copper, and gold deposits. The company's operational assets include the 90%-owned Perkoa Mine in Burkina Faso; 90%-owned Rosh Pinah Mine in Namibia; and Caribou Mine in northern New Brunswick, Canada.

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