Trilogy Metals Inc. (TSE:TMQ) Receives C$7.67 Consensus PT from Analysts

Trilogy Metals Inc. (TSE:TMQ) has been given an average rating of “Moderate Buy” by the six brokerages that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$7.00.

Several brokerages recently issued reports on TMQ. Freedom Capital raised shares of Trilogy Metals to a “strong-buy” rating in a report on Thursday, March 19th. National Bank Financial decreased their price objective on shares of Trilogy Metals from C$9.50 to C$7.50 and set a “sector perform” rating on the stock in a research note on Wednesday. TD Securities lowered shares of Trilogy Metals from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$8.50 to C$8.00 in a report on Friday, February 20th. Finally, Raymond James Financial upgraded shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Monday, April 6th.

Insiders Place Their Bets

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

Trilogy Metals Stock Performance

Shares of TSE:TMQ opened at C$6.13 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.46 and a quick ratio of 5.25. The business’s fifty day moving average price is C$5.44 and its two-hundred day moving average price is C$6.32. Trilogy Metals has a fifty-two week low of C$1.59 and a fifty-two week high of C$15.21. The stock has a market capitalization of C$1.06 billion, a price-to-earnings ratio of -21.89 and a beta of 1.67.

Trilogy Metals (TSE:TMQ) last issued its quarterly earnings data on Thursday, April 2nd. The company reported C($0.05) earnings per share (EPS) for the quarter. As a group, analysts predict that Trilogy Metals will post -0.07 EPS for the current fiscal 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.