Trilogy Metals Inc. (TSE:TMQ) Given Consensus Rating of “Hold” by Brokerages

Shares of Trilogy Metals Inc. (TSE:TMQ) have been assigned an average recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$7.00.

TMQ has been the subject of several recent research reports. National Bank Financial lowered their price objective on shares of Trilogy Metals from C$9.50 to C$7.50 and set a “sector perform” rating for the company in a research note on Wednesday, April 15th. Freedom Capital downgraded shares of Trilogy Metals from a “strong-buy” rating to a “hold” rating in a research note on Wednesday.

Trilogy Metals Trading Up 2.0%

Shares of TSE TMQ opened at C$5.05 on Friday. Trilogy Metals has a twelve month low of C$1.96 and a twelve month high of C$15.21. The company has a current ratio of 1.11, a quick ratio of 5.25 and a debt-to-equity ratio of 0.08. The stock has a fifty day simple moving average of C$4.95 and a 200-day simple moving average of C$5.60. The stock has a market capitalization of C$872.37 million, a PE ratio of -16.83 and a beta of 1.51.

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.