Cormark Upgrades Trilogy Metals (TSE:TMQ) to “Moderate Buy”

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

Several other equities research analysts have also recently weighed in on the company. Raymond James Financial raised Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, October 7th. TD Securities boosted their target price on shares of Trilogy Metals from C$5.50 to C$8.50 in a report on Tuesday, October 21st. BMO Capital Markets lowered shares of Trilogy Metals from an “outperform” rating to a “market perform” rating and set a C$5.50 price target for the company. in a research note on Friday, October 10th. Finally, National Bankshares lifted their price target on shares of Trilogy Metals from C$3.25 to C$8.00 and gave the company a “sector perform” rating in a research report on Monday, October 20th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$6.13.

Trilogy Metals Stock Performance

Shares of TMQ opened at C$6.52 on Thursday. The company has a 50-day simple moving average of C$6.68 and a two-hundred day simple moving average of C$4.02. 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 firm has a market capitalization of C$1.12 billion, a PE ratio of -108.67 and a beta of 2.06. Trilogy Metals has a one year low of C$1.51 and a one year high of C$15.21.

Trilogy Metals (TSE:TMQ) last posted its earnings results on Tuesday, September 30th. The company reported C($0.01) earnings per share for the quarter. The business had revenue of C$0.00 million during the quarter. On average, analysts anticipate that Trilogy Metals will post -0.07 EPS for the current fiscal year.

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. Its properties have the Arctic copper-zinc- lead-gold-silver project and other mineralized targets within a volcanogenic massive sulfide belt, and it also has a bornite carbonate-hosted copper project.