RE:RBC capital rated Trevali sector perform Q4 The full article on TD WebBroker reads as under:
11:40 AM EST, 01/12/2022 (MT Newswires) -- RBC Capital Markets on Wednesday left its sector perform-speculative risk rating on the shares of Trevali Mining (TV.TO) in place with a C$5.00 target price ahead of the company's fourth-quarter earnings release.
"We expect a positive reaction from Trevali shares to Q4 results, which we forecast to be above Q3 on higher commodity prices
and extra sales that were delayed from Q3 due to rising zinc prices," the investment bank said in a note. "We forecast EPS of $0.14 and EBITDA of $49M, versus consensus of $0.17 and $43M. However, we could see consensus come up slightly as analysts mark to market commodity prices, although this may be partially offset by any updates additional for the Santander
disposition. We continue to see risks around higher costs due to inflationary pressures that were flagged in prior quarters, and if this translates into higher cost guidance for 2022, it could lead to weakness in TV shares. We also look for more details on financing plans for RP2.0, although some of this will be funded by proceeds from the recent Santander disposition."
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)