Brokerages Set Trilogy Metals Inc. (TSE:TMQ) Target Price at C$7.00

Shares of Trilogy Metals Inc. (TSE:TMQ) have received an average recommendation of “Hold” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings 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 report on Wednesday, August 5th.

Trilogy Metals Price Performance

Shares of TSE:TMQ opened at C$4.60 on Tuesday. Trilogy Metals has a 12 month low of C$2.47 and a 12 month high of C$15.21. The company’s 50-day moving average price is C$4.78 and its two-hundred day moving average price is C$5.28. The company has a quick ratio of 5.25, a current ratio of 1.11 and a debt-to-equity ratio of 0.08. The firm has a market cap of C$794.63 million, a P/E ratio of -15.33 and a beta of 1.47.

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.