Trilogy Metals Inc. (TSE:TMQ) Receives Average Rating of “Hold” from Brokerages

Trilogy Metals Inc. (TSE:TMQ) has received a consensus recommendation of “Hold” from the six analysts that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$7.00.

Separately, Freedom Capital downgraded Trilogy Metals from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th.

Trilogy Metals Stock Performance

TSE TMQ opened at C$5.02 on Tuesday. The firm’s fifty day moving average price is C$4.80 and its two-hundred day moving average price is C$5.32. The stock has a market cap of C$867.18 million, a PE ratio of -16.73 and a beta of 1.51. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.25 and a current ratio of 1.11. Trilogy Metals has a fifty-two week low of C$2.16 and a fifty-two week high of C$15.21.

About Trilogy Metals

Trilogy Metals Inc is a metal exploration and development company which holds a 50 percent interest in Ambler Metals LLC, which has a 100 percent interest in the UKMP in northwestern Alaska. On December 19, 2019, South32 Limited, a globally diversified mining and metals company, exercised its option to form a 50/50 joint venture with Trilogy. The UKMP is located within the Ambler Mining District which is one of the richest and most-prospective known copper-dominant districts in the world. It hosts world-class polymetallic volcanogenic massive sulphide (“VMS”) deposits that contain copper, zinc, lead, gold and silver, and carbonate replacement deposits which have been found to host high-grade copper and cobalt mineralization.