Trilogy Metals Inc. (TSE:TMQ) Stock Has Consensus Price Target of C$7.00 According to Brokerages

Shares of Trilogy Metals Inc. (TSE:TMQ) have received an average recommendation of “Hold” from the six research firms that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$7.00.

Separately, Freedom Capital lowered shares of Trilogy Metals from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th.

Trilogy Metals Price Performance

Shares of TSE TMQ opened at C$4.54 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.25 and a current ratio of 1.11. Trilogy Metals has a fifty-two week low of C$2.80 and a fifty-two week high of C$15.21. The firm has a market capitalization of C$784.27 million, a PE ratio of -15.13 and a beta of 1.47. The stock’s 50-day simple moving average is C$4.78 and its 200-day simple moving average is C$5.18.

Trilogy Metals Company Profile

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.