Trilogy Metals Inc. (TSE:TMQ – Get Free Report)’s share price crossed below its 50-day moving average during trading on Thursday after Freedom Capital downgraded the stock from a strong-buy rating to a hold rating. The stock has a 50-day moving average of C$4.95 and traded as low as C$4.86. Trilogy Metals shares last traded at C$5.05, with a volume of 115,249 shares traded.
Separately, National Bank Financial decreased their price objective on shares of Trilogy Metals from C$9.50 to C$7.50 and set a “sector perform” rating on the stock in a research note on Wednesday, April 15th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$7.00.
Read Our Latest Research Report on TMQ
Trilogy Metals Stock Performance
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.
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