Trevali Mining Corp (TV.TO) Buy, Sell or Hold

Trevali Mining Corp (TV.TO)

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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.

DON'T BUY

He used to own zinc plays but the peak is gone. It is not a falling knife that he wants to catch.

DON'T BUY

A company who specializes in zinc mining. Earnings estimates for 2020 expect losses and break even in 2021. You might be better off taking a tax loss and look for better opportunities.

DON'T BUY

They missed 7 out of 8 quarters. Their balance sheet is good and cash flow is good. Their debt is not too high. It might have been a takeover target except for the Glen Core piece.

DON'T BUY

Had a sharp downturn through 2018 then went sideways in 2019, so you're speculating now. It'll be very tough to return to previous high levels.

DON'T BUY

A zinc play that is has short cycles and there is a glut in the market today. A lot of supply, but nowhere for it to go.

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.

DON'T BUY

His single most disappointing holding as a zinc miner. They have great assets -- they are the largest non-senior zinc producer. This is a wait and see turnaround opportunity, so he would look for something else.

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.

WAIT

Gold is out of favour. Penny stocks don't respond well to tech analysis. If you believe in the story, it's 30 cents a share, go ahead and do it. Wait and see, if gold were to pop, the small ones would go as well. But he doesn't see any short-term upside.

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.

DON'T BUY

There are zinc miners. Earnings are expected to rise in the next year. Reasonably priced but the big question is will zinc come back?

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.

DON'T BUY

A pure play in zinc, which is why it's suffering. Zinc prices are low. See if TV is generating free cash flow--or else they have to go to market. Cash flow is more important than earnings. Can they sustain their balance sheet? They've changed CEOs so there's some uncertain around it.

DON'T BUY

Oversold. He is a little nervous about the economy. This is a good size zinc producer. The optionality offered is not sufficient for him. He would like a lower cost producer. Well ran.

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Trevali Mining Corp (TV.TO) Frequently Asked Questions

What is Trevali Mining Corp stock symbol?

Trevali Mining Corp is a Canadian stock, trading under the symbol TV.TO (previously TV-T on Stockchase) on the Toronto Stock Exchange (TV-CT). It is usually referred to as TSX:TV or TV.TO

Is Trevali Mining Corp a buy or a sell?

In the last year, there was no coverage of Trevali Mining Corp published on Stockchase.

Is Trevali Mining Corp a good investment or a top pick?

Trevali Mining Corp was recommended as a Top Pick by Rick Rule on 2019-03-05. Read the latest stock experts ratings for Trevali Mining Corp.

Why is Trevali Mining Corp stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for help on deciding if you should buy, sell or hold the stock.

Is Trevali Mining Corp worth watching?

0 stock analysts on Stockchase covered Trevali Mining Corp in the last year. It is a trending stock that is worth watching.

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Trevali Mining Corp (TV.TO)