Trilogy Metals (TSE:TMQ) Downgraded by Freedom Capital to Hold

Trilogy Metals (TSE:TMQ) was downgraded by investment analysts at Freedom Capital from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Separately, National Bank Financial dropped their target price on Trilogy Metals from C$9.50 to C$7.50 and set a “sector perform” rating on the stock in a report on Wednesday, April 15th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$7.00.

Trilogy Metals Stock Performance

Shares of TMQ stock opened at C$5.05 on Wednesday. The stock has a market cap of C$872.37 million, a PE ratio of -16.83 and a beta of 1.51. The business has a 50-day simple moving average of C$4.95 and a 200-day simple moving average of C$5.60. The company has a quick ratio of 5.25, a current ratio of 1.11 and a debt-to-equity ratio of 0.08. Trilogy Metals has a 52-week low of C$1.96 and a 52-week high of C$15.21.

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.