Trevali Mining (TSE:TV) had its price objective reduced by CIBC from C$0.50 to C$0.35 in a research note released on Friday morning, BayStreet.CA reports.
A number of other brokerages also recently issued reports on TV. Haywood Securities downgraded Trevali Mining from a buy rating to a hold rating and cut their price target for the company from C$0.80 to C$0.35 in a report on Tuesday, July 23rd. Cormark dropped their target price on Trevali Mining from C$0.85 to C$0.65 in a research note on Tuesday, July 23rd. BMO Capital Markets dropped their target price on Trevali Mining from C$0.60 to C$0.55 in a research note on Thursday, June 27th. Raymond James dropped their target price on Trevali Mining from C$0.60 to C$0.55 and set an outperform rating on the stock in a research note on Tuesday, May 7th. Finally, National Bank Financial dropped their target price on Trevali Mining from C$0.80 to C$0.60 and set an outperform rating on the stock in a research note on Friday, June 28th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of C$0.50.
Shares of TSE:TV traded down C$0.03 on Friday, reaching C$0.21. The company had a trading volume of 1,681,100 shares, compared to its average volume of 1,821,277. Trevali Mining has a 52-week low of C$0.21 and a 52-week high of C$0.82. The business has a 50 day moving average of C$0.27. The firm has a market capitalization of $171.84 million and a price-to-earnings ratio of -0.60. The company has a quick ratio of 1.37, a current ratio of 2.28 and a debt-to-equity ratio of 18.63.
Trevali Mining Company Profile
Trevali Mining Corporation, a natural resource company, engages in the acquisition, exploration, and development of mineral properties in Burkina Faso, Namibia, Canada, and Peru. It primarily explores for zinc, lead, silver, and copper deposits. The company owns interests in the Perkoa mine located in the Sanguie Province, Burkina Faso; Rosh Pinah mine located in southwestern Namibia; Caribou mine located to the west of Bathurst, New Brunswick, Canada; and Santander mine located to the northeast of Lima, Peru.
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