Analysts Set Trilogy Metals Inc. (TSE:TMQ) Target Price at C$7.00

Trilogy Metals Inc. (TSE:TMQ) has been assigned an average rating of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$7.00.

Several analysts have weighed in on the stock. National Bank Financial lowered their price target 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. TD Securities downgraded shares of Trilogy Metals from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$8.50 to C$8.00 in a research note on Friday, February 20th. Freedom Capital raised shares of Trilogy Metals to a “strong-buy” rating in a research note on Thursday, March 19th. 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.

Trilogy Metals Stock Performance

TSE TMQ opened at C$5.49 on Thursday. Trilogy Metals has a 52-week low of C$1.67 and a 52-week high of C$15.21. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.25 and a current ratio of 1.46. The company has a market capitalization of C$947.28 million, a P/E ratio of -19.61 and a beta of 1.39. The company has a fifty day moving average of C$5.78 and a 200-day moving average of C$6.11.

Trilogy Metals (TSE:TMQ) last posted its quarterly earnings results on Thursday, April 2nd. The company reported C($0.05) earnings per share for the quarter. As a group, equities research analysts predict that Trilogy Metals will post -0.07 EPS for the current fiscal year.

Insider Buying and Selling at Trilogy Metals

In other Trilogy Metals news, Director William L. Iggiagruk Hensley sold 50,000 shares of the business’s stock in a transaction on 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 sale, the director directly owned 18,531 shares of the company’s stock, valued at C$112,668.48. The trade was a 72.96% decrease in their ownership of the stock. Also, insider Olav Langelaar purchased 6,000 shares of the stock in a transaction on Thursday, March 19th. The stock was acquired at an average cost of C$4.64 per share, with a total value of C$27,840.00. Following the completion of the purchase, the insider directly owned 17,000 shares of the company’s stock, valued at C$78,880. The trade was a 54.55% increase in their ownership of the stock. Insiders own 17.86% of the company’s stock.

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.