Trilogy Metals (TSE:TMQ) Upgraded at Freedom Capital

Freedom Capital upgraded shares of Trilogy Metals (TSE:TMQ) to a strong-buy rating in a research note issued to investors on Thursday morning,Zacks.com reports.

Several other equities analysts have also recently issued reports on TMQ. Cormark upgraded shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Thursday, December 18th. TD Securities lowered shares of Trilogy Metals from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$8.50 to C$8.00 in a research note on Friday, February 20th. Finally, National Bank Financial increased their price objective on shares of Trilogy Metals from C$7.00 to C$9.50 in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Trilogy Metals has an average rating of “Moderate Buy” and a consensus target price of C$6.38.

Trilogy Metals Stock Down 6.5%

TMQ stock opened at C$4.47 on Thursday. The stock has a market capitalization of C$771.28 million, a P/E ratio of -17.19 and a beta of 1.44. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.57 and a quick ratio of 5.25. Trilogy Metals has a 1-year low of C$1.59 and a 1-year high of C$15.21. The business has a fifty day moving average price of C$6.41 and a 200-day moving average price of C$5.99.

Trilogy Metals (TSE:TMQ) last released its quarterly earnings data on Tuesday, February 17th. The company reported C($0.29) EPS for the quarter. Equities analysts forecast that Trilogy Metals will post -0.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Olav Langelaar bought 6,000 shares of the stock in a transaction on Thursday, March 19th. The shares were bought 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 in the company, valued at C$78,880. The trade was a 54.55% increase in their ownership of the stock. Company insiders own 17.86% of the company’s stock.

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.