Fundamental Research Reiterates Buy Rating for Trilogy Metals Inc (TMQ)
Trilogy Metals Inc (NYSE:TMQ)‘s stock had its “buy” rating reiterated by research analysts at Fundamental Research in a research report issued to clients and investors on Friday. They currently have a $2.15 target price on the stock. Fundamental Research’s target price would suggest a potential upside of 133.70% from the company’s previous close.
Separately, Roth Capital initiated coverage on shares of Trilogy Metals in a research note on Monday, June 12th. They set a “buy” rating and a $1.50 target price for the company.
Shares of Trilogy Metals (TMQ) opened at 0.92 on Friday. The company has a 50-day moving average of $1.00 and a 200-day moving average of $0.81. Trilogy Metals has a 12 month low of $0.41 and a 12 month high of $1.35. The firm’s market cap is $97.06 million.
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About Trilogy Metals
Trilogy Metals Inc, formerly NovaCopper Inc, is a Canada-based base metals exploration company. The Company focuses on exploring and developing its mineral holdings in the Ambler mining district located in Alaska, the United States. The Company’s principal assets, the Upper Kobuk Mineral Projects (UKMP or UKMP Projects), are located in the Ambler mining district in Northwest Alaska.
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