Trilogy Metals (TSE:TMQ) Stock Rating Lowered by TD Securities

Trilogy Metals (TSE:TMQ) was downgraded by equities researchers at TD Securities from a “buy” rating to a “hold” rating in a note issued to investors on Friday, MarketBeat Ratings reports. They currently have a C$8.00 target price on the stock, down from their prior target price of C$8.50. TD Securities’ price objective would suggest a potential upside of 50.66% from the stock’s previous close.

A number of other research analysts also recently weighed in on TMQ. National Bank Financial upped their price objective on shares of Trilogy Metals from C$7.00 to C$9.50 in a research report on Thursday, January 29th. Cormark upgraded Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Thursday, December 18th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Trilogy Metals has an average rating of “Hold” and a consensus price target of C$6.38.

Trilogy Metals Trading Up 6.4%

Trilogy Metals stock opened at C$5.31 on Friday. The firm has a market cap of C$908.33 million, a PE ratio of -88.50 and a beta of 2.15. Trilogy Metals has a 12 month low of C$1.59 and a 12 month high of C$15.21. The stock’s 50 day simple moving average is C$6.81 and its two-hundred day simple moving average is C$5.54. The company has a current ratio of 60.98, a quick ratio of 5.25 and a debt-to-equity ratio of 0.12.

Trilogy Metals (TSE:TMQ) last posted its earnings results on Tuesday, February 17th. The company reported C($0.29) earnings per share for the quarter. Analysts anticipate that Trilogy Metals will post -0.07 earnings per share for the current year.

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.