Opinions
Jim Huang
Trevali Mining Corp
TV-T
BUY
Jul 12, 2018
$0.770
Stock price when the opinion was issued
Mining
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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.
Mining
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
They executed their base plan well. The drop in the stock price is probably unrelated to what they are doing. It is more the macro situation pushing the stock down including trade wars. Zinc is one of the earlier metals to move. Now perhaps people moved to other metals. If you have a favorable view of zinc you should buy the stock. (Analysts’ price target is $1.90)