Opinions Peter Hodson
Trevali Mining CorpTV.TOWEAK BUYMay 02, 2018
$1.17
Stock price when the opinion was issued
Mining
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BUY
The biggest independent zinc producer has had its ups and downs. The new CEO has to navigate 2020, which was tough. Zinc prices have jumped to US$1.25/lb. TV's cost structure is based on $1.10-1.15. TV trades at a deep discount. Zinc doesn't capture the imagination like copper or nickel, though. Zinc prices have benefited from the rebounded in car production and other industrial activity. He has owned this in the past. A good company for pure zinc exposure.
Mining
PAST TOP PICK
(A Top Pick Aug 27/18, Down 73%) Price of zinc dropped, and that changed the dynamic. Trading at 2.5 times cash flow, but no one cares.
John ZechnerOwned
Mining
HOLD
It has really been crushed since the big financing on the stock. Now is probably the time to buy it. They had a lot of operational problems in their mine, but they have turned over the management team yet the stock continues to go down. He started to buy at $0.45. He would hold on. Don't sell.
Peter ImhofOwned
Mining
COMMENT
He would prefer HBM-T. The trend is not your friend with TV-T. The danger is that it can be left for dead and continue to get cheaper without anyone stepping in. HBM-T follows the trend in copper and is trading at under book value.
Jason MannUnknown
Mining
WATCH
This is one of the few publicly traded zinc miners. Zinc has not done well this year. Sales have been down 54% and earnings were down 34%. It trades about 6 times earnings. It looks cheap and has great cash flow. Earnings estimates are being cut, which will keep him away for now. He will watch zinc prices for improvements.
Mining
They bought two mines from Glencore last year making them the largest small-cap producer of zinc in the country. It is cheap and he does not understand why there is not more interest. The mines are producing as expected and the balance sheet is good. Since Glencore still owns 20% of the company, it may be potentially block an acquisition. (Analysts’ price target is $2.00 )