Trilogy Metals (TSE:TMQ) Price Target Raised to C$9.50

Trilogy Metals (TSE:TMQ) had its price target lifted by National Bankshares from C$7.00 to C$9.50 in a research report report published on Thursday,BayStreet.CA reports.

Several other brokerages have also issued reports on TMQ. TD Securities increased their target price on shares of Trilogy Metals from C$5.50 to C$8.50 in a research note on Tuesday, October 21st. Raymond James Financial raised shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, October 7th. Cormark upgraded Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Thursday, December 18th. Finally, BMO Capital Markets downgraded Trilogy Metals from an “outperform” rating to a “market perform” rating and set a C$5.50 price objective for the company. in a report on Friday, October 10th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Trilogy Metals presently has a consensus rating of “Hold” and an average price target of C$6.50.

Trilogy Metals Trading Down 15.8%

Shares of TMQ stock opened at C$6.85 on Thursday. Trilogy Metals has a fifty-two week low of C$1.59 and a fifty-two week high of C$15.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.25 and a current ratio of 60.98. The stock has a 50 day simple moving average of C$6.84 and a two-hundred day simple moving average of C$5.16. The company has a market cap of C$1.17 billion, a P/E ratio of -114.17 and a beta of 2.00.

Trilogy Metals (TSE:TMQ) last posted its quarterly earnings results on Tuesday, September 30th. The company reported C($0.01) earnings per share (EPS) for the quarter. The business had revenue of C$0.00 million during the quarter. Research analysts forecast that Trilogy Metals will post -0.07 earnings per share for the current year.

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.