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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (55241)	2/27/2019 8:50:09 AM
From: Goose94	Read Replies (2) \| Respond to of 204409

Trevali Mining (TV-T) CIBC World Markets analyst Oscar Cabrera, citing execution concerns after "weak" fourth quarter financial results, downgraded Trevali Mining to "neutral" from "outperform." Mr. Cabrera reduced his share target to 50 cents from $1. Analysts on average target the shares at 72 cents. Mr. Cabrera says in a note: "Despite TV's high leverage to a recovering zinc price, we are concerned with TV's operating execution under a challenging macro environment. This and the announced departure of TV's CEO, Dr. Mark Cruise, contributed to the de-rating of TV shares, in our view. While TV's organic growth strategy, through exploration, is important to improve limited reserves at its operating assets (average mine life 7.8 years), operating execution (i.e., lower costs, meeting guidance) is the main near-term catalyst for TV shares, in our view. Also, the arrival of a new CEO with a clear capital allocation strategy (growth vs. returns to shareholders), including a realistic (i.e., achievable) development project schedule could support share appreciation."