BMO Capital Markets Downgrades Trilogy Metals (TSE:TMQ) to Market Perform

Trilogy Metals (TSE:TMQ) was downgraded by stock analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a report released on Friday, Marketbeat.com reports. They presently have a C$5.50 target price on the stock. BMO Capital Markets’ target price indicates a potential downside of 34.68% from the stock’s current price.

Several other equities research analysts also recently issued reports on TMQ. Cormark downgraded Trilogy Metals from a “moderate buy” rating to a “hold” rating in a report on Wednesday. Raymond James Financial upgraded Trilogy Metals from a “hold” rating to a “moderate buy” rating in a report on Tuesday, October 7th. Finally, TD Securities boosted their price objective on Trilogy Metals from C$2.25 to C$5.50 and gave the company a “hold” rating in a report on Tuesday, October 7th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Trilogy Metals has an average rating of “Hold” and a consensus price target of C$4.50.

Trilogy Metals Price Performance

Shares of TSE TMQ opened at C$8.42 on Friday. Trilogy Metals has a 12 month low of C$0.68 and a 12 month high of C$11.02. The company has a debt-to-equity ratio of 0.12, a current ratio of 60.98 and a quick ratio of 5.25. The stock has a market capitalization of C$1.38 billion, a price-to-earnings ratio of -140.33 and a beta of 1.94. The firm’s 50 day simple moving average is C$3.05 and its 200-day simple moving average is C$2.39.

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.