Trevali Mining Target Price Increased by Dundee Capital
Dundee Capital increased Trevali Mining’s (TSX:TV) target price to $2.00/share from $1.80.
We are reiterating our BUY, TOP PICK, rating but increasing our target price to $2.00/share (from $1.80) based on a 6.0x EV/EBITDA multiple (from 0.9x NAV) to our 2015 EBITDA of $87M ( from $81M).”