Trilogy Metals Inc. (TSE:TMQ – Get 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
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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:TMQ – Get 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
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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