Trilogy Metals (TSE:TMQ) Price Target Cut to C$7.50 by Analysts at National Bank Financial

Trilogy Metals (TSE:TMQ) had its price objective reduced by analysts at National Bank Financial from C$9.50 to C$7.50 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 26.05% from the company’s previous close.

A number of other equities analysts also recently commented on the stock. Freedom Capital upgraded shares of Trilogy Metals to a “strong-buy” rating in a research report on Thursday, March 19th. Raymond James Financial upgraded shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research report on Monday, April 6th. TD Securities downgraded shares of Trilogy Metals from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$8.50 to C$8.00 in a research report on Friday, February 20th. Finally, Cormark upgraded shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$7.00.

Trilogy Metals Stock Performance

TMQ traded up C$0.23 on Wednesday, hitting C$5.95. 223,541 shares of the company traded hands, compared to its average volume of 559,642. The company has a 50 day moving average of C$5.47 and a 200-day moving average of C$6.30. The company has a quick ratio of 5.25, a current ratio of 1.46 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of C$1.03 billion, a PE ratio of -21.25 and a beta of 1.67. Trilogy Metals has a 12-month low of C$1.59 and a 12-month high of C$15.21.

Trilogy Metals (TSE:TMQ) last posted its quarterly earnings data on Thursday, April 2nd. The company reported C($0.05) EPS for the quarter. Sell-side analysts anticipate that Trilogy Metals will post -0.07 earnings per share for the current year.

Insider Activity

In related news, insider Olav Langelaar purchased 6,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was acquired at an average price of C$4.64 per share, for a total transaction of C$27,840.00. Following the acquisition, the insider directly owned 17,000 shares of the company’s stock, valued at C$78,880. This trade represents a 54.55% increase in their position. 17.86% of the stock is owned by corporate insiders.

Trilogy Metals Company Profile

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.