Trilogy Metals (TSE:TMQ) Price Target Raised to C$9.50

Trilogy Metals (TSE:TMQ) had its target price raised by stock analysts at National Bankshares from C$7.00 to C$9.50 in a note issued to investors on Thursday,BayStreet.CA reports. National Bankshares’ target price would suggest a potential upside of 17.72% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the company. BMO Capital Markets cut Trilogy Metals from an “outperform” rating to a “market perform” rating and set a C$5.50 target price for the company. in a report on Friday, October 10th. TD Securities increased their price objective on Trilogy Metals from C$5.50 to C$8.50 in a research note on Tuesday, October 21st. Cormark raised Trilogy Metals from a “hold” rating to a “moderate buy” rating in a report on Thursday, December 18th. Finally, Raymond James Financial upgraded shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, October 7th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$6.50.

Trilogy Metals Price Performance

Shares of TSE:TMQ traded down C$1.28 during midday trading on Thursday, reaching C$8.07. 882,761 shares of the company’s stock were exchanged, compared to its average volume of 695,250. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.25 and a current ratio of 60.98. The company’s 50 day simple moving average is C$6.77 and its two-hundred day simple moving average is C$5.09. Trilogy Metals has a 12 month low of C$1.59 and a 12 month high of C$15.21. The firm has a market capitalization of C$1.38 billion, a PE ratio of -134.50 and a beta of 2.00.

Trilogy Metals (TSE:TMQ) last posted its quarterly earnings results on Tuesday, September 30th. The company reported C($0.01) earnings per share (EPS) for the quarter. The company had revenue of C$0.00 million for the quarter. Equities research analysts expect that Trilogy Metals will post -0.07 earnings per share 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.