Trilogy Metals (TSE:TMQ) Stock Price Up 9.9% – Time to Buy?

Trilogy Metals Inc. (TSE:TMQ) shares rose 9.9% during mid-day trading on Monday . The stock traded as high as C$5.50 and last traded at C$5.42. Approximately 90,788 shares traded hands during trading, a decline of 20% from the average daily volume of 113,709 shares. The stock had previously closed at C$4.93.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TMQ. Raymond James Financial upgraded Trilogy Metals from a “hold” rating to a “moderate buy” rating in a report on Tuesday, October 7th. Cormark cut shares of Trilogy Metals from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 8th. National Bankshares raised their price objective on shares of Trilogy Metals from C$3.25 to C$8.00 and gave the company a “sector perform” rating in a research note on Monday, October 20th. BMO Capital Markets cut shares of 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. Finally, TD Securities upped their target price on shares of Trilogy Metals from C$5.50 to C$8.50 in a research note on Tuesday, October 21st. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Trilogy Metals presently has an average rating of “Hold” and a consensus price target of C$6.13.

Trilogy Metals Trading Up 12.6%

The company has a fifty day simple moving average of C$5.57 and a two-hundred day simple moving average of C$3.31. The company has a current ratio of 60.98, a quick ratio of 5.25 and a debt-to-equity ratio of 0.12. The company has a market cap of C$949.38 million, a PE ratio of -92.50 and a beta of 1.95.

Trilogy Metals (TSE:TMQ) last announced its quarterly earnings data on Tuesday, September 30th. The company reported C($0.01) earnings per share (EPS) for the quarter. The firm had revenue of C$0.00 million during the quarter. Analysts anticipate that Trilogy Metals Inc. will post -0.07 EPS for the current year.

Trilogy Metals Company Profile

Trilogy Metals Inc is an exploration stage company engaged in mineral exploration. The company focuses on exploring and developing its mineral resource properties, which include the Upper Kobuk Mineral Projects (UKMP or UKMP Projects), in the Ambler mining district located in Alaska, the United States.