Trilogy Metals (TSE:TMQ – Get Free Report) posted its quarterly earnings data on Tuesday. The company reported C($0.29) earnings per share (EPS) for the quarter, FiscalAI reports.
Trilogy Metals Stock Performance
Shares of TMQ opened at C$5.03 on Wednesday. Trilogy Metals has a 12-month low of C$1.59 and a 12-month high of C$15.21. 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$860.43 million, a PE ratio of -83.83 and a beta of 2.15. The stock has a 50-day moving average price of C$6.88 and a 200-day moving average price of C$5.50.
Analysts Set New Price Targets
TMQ has been the subject of a number of recent research reports. Cormark raised Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research report on Thursday, December 18th. National Bank Financial increased their price target on Trilogy Metals from C$7.00 to C$9.50 in a research note on Thursday, January 29th. Finally, TD Securities boosted their price objective on Trilogy Metals from C$5.50 to C$8.50 in a research note on Tuesday, October 21st. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Trilogy Metals has an average rating of “Hold” and an average target price of C$6.50.
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.
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