Trilogy Metals (TSE:TMQ) Stock Price Up 1.7% – Here’s Why
by Doug Wharley · The Cerbat GemTrilogy Metals Inc. (TSE:TMQ – Get Free Report) shares traded up 1.7% during trading on Friday . The company traded as high as C$7.28 and last traded at C$7.20. 577,684 shares were traded during trading, a decline of 5% from the average session volume of 609,608 shares. The stock had previously closed at C$7.08.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. BMO Capital Markets lowered Trilogy Metals from an “outperform” rating to a “market perform” rating and set a C$5.50 target price on the stock. in a report on Friday, October 10th. Raymond James Financial upgraded shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, October 7th. National Bankshares raised their price target on shares of Trilogy Metals from C$3.25 to C$8.00 and gave the company a “sector perform” rating in a research report on Monday, October 20th. Cormark upgraded shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a report on Thursday, December 18th. Finally, TD Securities increased their price objective on shares of Trilogy Metals from C$5.50 to C$8.50 in a research note on Tuesday, October 21st. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$6.13.
Check Out Our Latest Research Report on TMQ
Trilogy Metals Stock Up 1.7%
The company has a market capitalization of C$1.23 billion, a PE ratio of -120.00 and a beta of 2.00. The stock’s fifty day moving average is C$6.12 and its two-hundred day moving average is C$4.52. The company has a current ratio of 60.98, a quick ratio of 5.25 and a debt-to-equity ratio of 0.12.
Trilogy Metals (TSE:TMQ – Get Free Report) last announced its quarterly earnings data on Tuesday, September 30th. The company reported C($0.01) EPS for the quarter. The business had revenue of C$0.00 million for the quarter. As a group, analysts predict that Trilogy Metals Inc. will post -0.07 EPS for the current year.
About Trilogy Metals
Trilogy Metals Inc is an exploration stage company engaged in mineral exploration. The company focuses on exploring and developing its mineral resource properties, which include the Upper Kobuk Mineral Projects (UKMP or UKMP Projects), in the Ambler mining district located in Alaska, the United States. Its properties have the Arctic copper-zinc- lead-gold-silver project and other mineralized targets within a volcanogenic massive sulfide belt, and it also has a bornite carbonate-hosted copper project.