Trevali Mining Corp (TSE:TV)’s share price fell 7.5% during trading on Thursday after TD Securities lowered their price target on the stock from C$1.10 to C$1.00. TD Securities currently has a buy rating on the stock. Trevali Mining traded as low as C$0.47 and last traded at C$0.49. 1,320,412 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 2,208,020 shares. The stock had previously closed at C$0.53.
TV has been the topic of a number of other research reports. CIBC reduced their price target on Trevali Mining from C$1.40 to C$1.20 in a research report on Friday. National Bank Financial cut their target price on Trevali Mining from C$1.70 to C$1.10 and set a “sector perform” rating for the company in a research note on Saturday, July 14th. Raymond James cut their target price on Trevali Mining from C$1.25 to C$1.15 and set an “outperform” rating for the company in a research note on Wednesday, October 24th. Eight Capital cut their target price on Trevali Mining from C$1.25 to C$1.20 in a research note on Tuesday, October 23rd. Finally, Canaccord Genuity cut their target price on Trevali Mining from C$1.50 to C$1.25 in a research note on Friday. Seven equities research analysts have rated the stock with a buy rating, Trevali Mining currently has an average rating of “Buy” and a consensus price target of C$1.35.
The company has a debt-to-equity ratio of 18.51, a current ratio of 2.80 and a quick ratio of 1.98.
Trevali Mining (TSE:TV) last released its earnings results on Wednesday, August 8th. The company reported C$0.04 earnings per share for the quarter, missing the consensus estimate of C$0.06 by C($0.02). The business had revenue of C$172.83 million during the quarter, compared to analysts’ expectations of C$190.70 million. Equities analysts anticipate that Trevali Mining Corp will post 0.121379310344828 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: This story was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this story can be read at https://www.dispatchtribunal.com/2018/11/10/trevali-mining-tv-shares-down-7-5-following-analyst-downgrade.html.
About Trevali Mining (TSE:TV)
Trevali Mining Corporation, a natural resource company, engages in the acquisition, exploration, development, and production of mineral properties in Peru and Canada. It explores for zinc, lead, silver, copper, and gold deposits. The company primarily holds interests in the Santander property covering an area of 4,455 hectares located on the west-central, Peru; and the Caribou property located in the province of New Brunswick, Canada.
Recommended Story: Do stock splits help investors?
Receive News & Ratings for Trevali Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trevali Mining and related companies with MarketBeat.com's FREE daily email newsletter.