National Bank Financial Issues Pessimistic Forecast for Trilogy Metals (TSE:TMQ) Stock Price

Trilogy Metals (TSE:TMQ) had its price objective decreased by equities researchers at National Bank Financial from C$9.50 to C$7.50 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 23.56% from the stock’s previous close.

A number of other analysts have also recently weighed in on TMQ. Raymond James Financial raised shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research report on Monday, April 6th. Cormark raised Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research report on Thursday, December 18th. TD Securities cut Trilogy Metals from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$8.50 to C$8.00 in a report on Friday, February 20th. Finally, Freedom Capital upgraded Trilogy Metals to a “strong-buy” rating in a report on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Trilogy Metals has a consensus rating of “Moderate Buy” and a consensus target price of C$7.00.

Trilogy Metals Stock Up 2.7%

Shares of TSE TMQ opened at C$6.07 on Wednesday. Trilogy Metals has a 52-week low of C$1.59 and a 52-week high of C$15.21. The firm has a fifty day moving average of C$5.44 and a 200-day moving average of C$6.29. The stock has a market capitalization of C$1.05 billion, a PE ratio of -21.68 and a beta of 1.67. The company has a quick ratio of 5.25, a current ratio of 1.46 and a debt-to-equity ratio of 0.08.

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

Insiders Place Their Bets

In other Trilogy Metals news, insider Olav Langelaar purchased 6,000 shares of Trilogy Metals stock in a transaction that occurred on Thursday, March 19th. The stock was purchased at an average price of C$4.64 per share, with a total value of C$27,840.00. Following the completion of the acquisition, the insider owned 17,000 shares of the company’s stock, valued at approximately C$78,880. This trade represents a 54.55% increase in their position. 17.86% of the stock is currently owned by insiders.

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.