Trevali Mining (TSE:TV) cut to sell to Canaccord Genuity Group
Trevali Mining (TSE:TV) was downgraded by analysts at Canaccord Genuity Group from a “hold” rating to a “sell” rating in a research report released Tuesday, Price Targets.com reports.
Several other brokerages also commented on television. Cormark lowered its price target on Trevali Mining from C$0.35 to C$0.30 in a Tuesday, November 16 report. National Bankshares lowered its price target on Trevali Mining from C$0.30 to C$0.25 and set an “sector performance” rating on the stock in a Friday, November 12 report. lowered its price target on Trevali Mining from C$0.25 to C$0.20 in a Monday, November 15 report. TD Securities lowered its price target on Trevali Mining from C$0.30 to C$0.25 and set a “hold” rating on the stock in a Monday, November 15 report. Finally, Raymond James set a target price of C$0.25 on Trevali Mining and gave the company a “market performance” rating in a Monday, November 15 research report. One research analyst has rated the stock with a sell rating and four have assigned the stock a hold rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of CA$0.25.
Trevali Mining’s stock traded C$0.20 midday Tuesday, hitting C$1.43. 600,958 shares of the company were traded, against an average volume of 200,688. The company has a market capitalization of C$141.49 million and a PE ratio of -2.12. Trevali Mining has a fifty-two week low of C$1.32 and a fifty-two week high of C$2.75. The company has a fifty-day simple moving average of C$1.27 and a two-hundred-day simple moving average of C$0.57. The company has a debt ratio of 52.01, a quick ratio of 0.55 and a current ratio of 0.84.
About Trevali Mining
Trevali Mining Corporation, a base metal mining company, engages in the acquisition, exploration and development of mineral properties. He mainly explores deposits of zinc, lead, silver, gold and copper. The Company’s operating assets include the 90% owned Perkoa mine in Burkina Faso; Rosh Pinah Mine 90% owned in Namibia; Caribou mine in the Bathurst mining camp, northern New Brunswick, Canada; and the Santander mine in Peru.
See also: Convertible shares
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