Trilogy Metals (TSE:TMQ) Trading Down 5.1% – Should You Sell?

Trilogy Metals Inc. (TSE:TMQ) dropped 5.1% during mid-day trading on Monday . The stock traded as low as C$6.01 and last traded at C$6.14. Approximately 396,746 shares changed hands during mid-day trading, an increase of 176% from the average daily volume of 143,945 shares. The stock had previously closed at C$6.47.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TMQ. Cormark downgraded shares of Trilogy Metals from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 8th. Raymond James Financial raised shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, October 7th. BMO Capital Markets cut shares of Trilogy Metals from an “outperform” rating to a “market perform” rating and set a C$5.50 target price for the company. in a research note on Friday, October 10th. National Bankshares raised their target price on Trilogy Metals from C$3.25 to C$8.00 and gave the company a “sector perform” rating in a report on Monday, October 20th. Finally, TD Securities increased their price target on shares of Trilogy Metals from C$5.50 to C$8.50 in a research report on Tuesday, October 21st. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$6.13.

Trilogy Metals Trading Down 2.0%

The company has a current ratio of 60.98, a quick ratio of 5.25 and a debt-to-equity ratio of 0.12. The company has a market cap of C$1.02 billion, a price-to-earnings ratio of -99.67 and a beta of 2.06. The business’s 50 day moving average price is C$6.84 and its 200-day moving average price is C$3.96.

Trilogy Metals (TSE:TMQ) last posted its quarterly earnings results on Tuesday, September 30th. The company reported C($0.01) earnings per share (EPS) for the quarter. The company had revenue of C$0.00 million for the quarter. On average, equities analysts anticipate that Trilogy Metals Inc. will post -0.07 EPS for the current fiscal 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.