Raymond James Financial Upgrades Trilogy Metals (TSE:TMQ) to Moderate Buy

Trilogy Metals (TSE:TMQ) was upgraded by stock analysts at Raymond James Financial from a “hold” rating to a “moderate buy” rating in a report released on Monday, Marketbeat reports.

Several other brokerages also recently weighed in on TMQ. National Bank Financial boosted their price objective on shares of Trilogy Metals from C$7.00 to C$9.50 in a research report on Thursday, January 29th. Cormark upgraded shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research report on Thursday, December 18th. Freedom Capital upgraded shares of Trilogy Metals to a “strong-buy” rating in a research report on Thursday, March 19th. Finally, TD Securities downgraded shares of Trilogy Metals from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$8.50 to C$8.00 in a research report on Friday, February 20th. One investment 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 company’s stock. According to data from MarketBeat, Trilogy Metals presently has an average rating of “Moderate Buy” and an average target price of C$7.67.

Trilogy Metals Trading Down 1.3%

TSE TMQ opened at C$5.27 on Monday. 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 has a 52 week low of C$1.59 and a 52 week high of C$15.21. The stock has a market capitalization of C$909.32 million, a PE ratio of -18.82 and a beta of 1.67. The firm has a 50 day moving average of C$5.68 and a two-hundred day moving average of C$6.20.

Trilogy Metals (TSE:TMQ) last posted its quarterly earnings results on Thursday, April 2nd. The company reported C($0.05) EPS for the quarter. As a group, research analysts expect that Trilogy Metals will post -0.07 EPS for the current fiscal year.

Insider Transactions at Trilogy Metals

In other news, insider Olav Langelaar acquired 6,000 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were bought at an average cost of C$4.64 per share, with a total value of C$27,840.00. Following the purchase, the insider owned 17,000 shares of the company’s stock, valued at C$78,880. This represents a 54.55% increase in their position. Corporate 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.