Haywood Securities Downgrades Trevali Mining Corp to Hold (TV)
Trevali Mining Corp (TSE:TV) was downgraded by investment analysts at Haywood Securities from a “buy” rating to a “hold” rating in a note issued to investors on Monday. They currently have a C$1.35 target price on the stock, up from their previous target price of C$0.20. Haywood Securities’ price objective suggests a potential upside of 6.30% from the stock’s previous close.
Trevali Mining Corp (TSE:TV) traded down 3.15% during mid-day trading on Monday, hitting $1.23. 681,610 shares of the company’s stock traded hands. Trevali Mining Corp has a 52-week low of $0.66 and a 52-week high of $1.41. The stock has a 50-day moving average of $1.23 and a 200-day moving average of $1.09. The company’s market cap is $343.8 million.
Several other analysts have also recently commented on the stock. Analysts at Laurentian raised their price target on shares of Trevali Mining Corp from C$1.35 to C$1.60 in a research note on Tuesday, July 29th. They now have a “buy” rating on the stock. Separately, analysts at Paradigm Capital raised their price target on shares of Trevali Mining Corp from C$1.50 to C$1.75 in a research note on Thursday, July 24th. They now have a “buy” rating on the stock. Finally, analysts at Paradigm Capital cut their price target on shares of Trevali Mining Corp from C$2.25 to C$1.50 in a research note on Friday, May 30th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of C$1.53.
Trevali Mining Corporation (TSE:TV) is engaged in the acquisition, exploration and development of polymetallic properties (zinc lead-silver-copper).
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