Trilogy Metals (TSE:TMQ) Posts Quarterly Earnings Results

Trilogy Metals (TSE:TMQ) released its quarterly earnings results on Thursday. The company reported C($0.05) earnings per share (EPS) for the quarter, FiscalAI reports.

Trilogy Metals Price Performance

Shares of TSE:TMQ traded up C$0.04 during trading on Thursday, hitting C$5.27. 233,991 shares of the stock were exchanged, compared to its average volume of 593,618. The company has a market cap of C$909.32 million, a PE ratio of -20.27 and a beta of 1.44. The company has a current ratio of 1.57, a quick ratio of 5.25 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average price of C$5.96 and a two-hundred day moving average price of C$6.11. Trilogy Metals has a 12-month low of C$1.59 and a 12-month high of C$15.21.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TMQ shares. National Bank Financial upped their price target on Trilogy Metals from C$7.00 to C$9.50 in a research note on Thursday, January 29th. Cormark raised shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a report on Thursday, December 18th. Freedom Capital upgraded shares of Trilogy Metals to a “strong-buy” rating in a research report on Thursday, March 19th. Finally, TD Securities lowered Trilogy Metals from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$8.50 to C$8.00 in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$7.67.

Insiders Place Their Bets

In related news, insider Olav Langelaar bought 6,000 shares of the stock in a transaction on Thursday, March 19th. The shares were purchased at an average price of C$4.64 per share, for a total transaction of C$27,840.00. Following the acquisition, the insider owned 17,000 shares in the company, valued at C$78,880. This represents a 54.55% increase in their ownership of the stock. 17.86% of the stock is owned by insiders.

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.