Trilogy Metals Inc. (TSE:TMQ) Receives C$6.38 Consensus Price Target from Brokerages

Shares of Trilogy Metals Inc. (TSE:TMQ) have been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$7.67.

Several research analysts have recently commented on TMQ shares. TD Securities downgraded Trilogy Metals from a “buy” rating to a “hold” rating and dropped their price target for the company from C$8.50 to C$8.00 in a research note on Friday, February 20th. Cormark upgraded shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research report on Thursday, December 18th. National Bank Financial upped their price target on shares of Trilogy Metals from C$7.00 to C$9.50 in a report on Thursday, January 29th. Finally, Freedom Capital raised shares of Trilogy Metals to a “strong-buy” rating in a research note on Thursday, March 19th.

Trilogy Metals Stock Up 5.8%

Trilogy Metals stock opened at C$4.73 on Friday. The stock has a market capitalization of C$816.14 million, a PE ratio of -18.19 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 has a twelve month low of C$1.59 and a twelve month high of C$15.21. The company has a 50 day moving average of C$6.36 and a 200-day moving average of C$6.04.

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

Insider Buying and Selling

In related news, insider Olav Langelaar acquired 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was acquired at an average cost of C$4.64 per share, for a total transaction of C$27,840.00. Following the completion of the acquisition, the insider directly 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. Corporate insiders own 17.86% of the company’s stock.

About Trilogy Metals

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.