Insider Buying: Trilogy Metals (TSE:TMQ) Insider Purchases C$26,200.00 in Stock

Trilogy Metals Inc. (TSE:TMQ) insider Olav Langelaar purchased 5,000 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were purchased at an average cost of C$5.24 per share, with a total value of C$26,200.00. Following the transaction, the insider directly owned 5,000 shares in the company, valued at C$26,200. This trade represents a ∞ increase in their ownership of the stock.

Trilogy Metals Price Performance

Shares of Trilogy Metals stock opened at C$5.45 on Tuesday. The company’s fifty day simple moving average is C$6.66 and its two-hundred day simple moving average is C$5.83. Trilogy Metals Inc. has a 12-month low of C$1.59 and a 12-month high of C$15.21. The firm has a market cap of C$940.38 million, a PE ratio of -20.96 and a beta of 1.44. The company has a quick ratio of 5.25, a current ratio of 1.57 and a debt-to-equity ratio of 0.15.

Trilogy Metals (TSE:TMQ) last issued its quarterly earnings data on Tuesday, February 17th. The company reported C($0.29) EPS for the quarter. As a group, equities analysts expect that Trilogy Metals Inc. will post -0.07 EPS for the current year.

Analysts Set New Price Targets

TMQ has been the subject of several research analyst reports. National Bank Financial lifted their price objective on 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 report on Thursday, December 18th. Finally, TD Securities lowered Trilogy Metals from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$8.50 to C$8.00 in a research note on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$6.38.

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.