Cormark Downgrades Trilogy Metals (TSE:TMQ) to Hold

Trilogy Metals (TSE:TMQ) was downgraded by equities researchers at Cormark from a “moderate buy” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

TMQ has been the topic of several other reports. Raymond James Financial upgraded shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Tuesday. TD Securities upped their price target on shares of Trilogy Metals from C$2.25 to C$5.50 and gave the company a “hold” rating in a research note on Tuesday. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$4.00.

Trilogy Metals Price Performance

TSE:TMQ opened at C$9.29 on Wednesday. Trilogy Metals has a one year low of C$0.68 and a one year high of C$11.02. The company has a market cap of C$1.53 billion, a P/E ratio of -154.83 and a beta of 1.94. The firm’s fifty day moving average price is C$2.92 and its two-hundred day moving average price is C$2.35. The company has a debt-to-equity ratio of 0.12, a current ratio of 60.98 and a quick ratio of 5.25.

Trilogy Metals Company Profile

Trilogy Metals Inc is an exploration stage company engaged in mineral exploration. The company focuses on exploring and developing its mineral resource properties, which include the Upper Kobuk Mineral Projects (UKMP or UKMP Projects), in the Ambler mining district located in Alaska, the United States.