Trilogy Metals Inc. (TSE:TMQ) Receives Consensus Rating of “Moderate Buy” from Brokerages

Trilogy Metals Inc. (TSE:TMQGet Free Report) has been given a consensus rating of “Moderate Buy” by the six analysts that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$7.00.

Several analysts have recently issued reports on TMQ shares. National Bank Financial lowered their price objective on shares of Trilogy Metals from C$9.50 to C$7.50 and set a “sector perform” rating for the company in a research note on Wednesday, April 15th. Freedom Capital raised shares of Trilogy Metals to a “strong-buy” rating in a research note on Thursday, March 19th. TD Securities cut shares of 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 research note on Friday, February 20th. Finally, Raymond James Financial raised shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Monday, April 6th.

Read Our Latest Stock Report on TMQ

Insiders Place Their Bets

In other Trilogy Metals news, Director William L. Iggiagruk Hensley sold 50,000 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of C$6.08, for a total value of C$304,000.00. Following the completion of the transaction, the director directly owned 18,531 shares of the company’s stock, valued at C$112,668.48. This represents a 72.96% decrease in their position. Also, insider Olav Langelaar acquired 6,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was purchased at an average cost of C$4.64 per share, with a total value of C$27,840.00. Following the completion of the transaction, the insider owned 17,000 shares in the company, valued at C$78,880. The trade was a 54.55% increase in their ownership of the stock. 17.86% of the stock is currently owned by corporate insiders.

Trilogy Metals Trading Down 6.8%

Shares of Trilogy Metals stock opened at C$6.16 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.46 and a quick ratio of 5.25. Trilogy Metals has a 1 year low of C$1.67 and a 1 year high of C$15.21. The company has a market capitalization of C$1.06 billion, a P/E ratio of -22.00 and a beta of 1.66. The business has a 50 day moving average price of C$5.72 and a 200 day moving average price of C$6.11.

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

About Trilogy Metals

(Get Free Report)

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.

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Analyst Recommendations for Trilogy Metals (TSE:TMQ)

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