Raymond James Forecasts Strong Price Appreciation for Trilogy Metals (TSE:TMQ) Stock

Trilogy Metals (TSE:TMQ) had its target price lifted by stock analysts at Raymond James from C$2.00 to C$2.50 in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has a “market perform” rating on the stock. Raymond James’ price objective would suggest a potential downside of 9.09% from the company’s current price.

Trilogy Metals Stock Up 7.0 %

Shares of TMQ traded up C$0.18 on Monday, reaching C$2.75. The stock had a trading volume of 64,779 shares, compared to its average volume of 27,525. The firm has a market capitalization of C$311.09 million, a price-to-earnings ratio of -30.84 and a beta of 1.33. The company has a 50-day simple moving average of C$1.94 and a 200-day simple moving average of C$1.45. Trilogy Metals has a 12-month low of C$0.34 and a 12-month high of C$2.85. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.25 and a current ratio of 60.98.

Trilogy Metals Company Profile

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.