Trilogy Metals (TSE:TMQ) Issues Quarterly Earnings Results

Trilogy Metals (TSE:TMQ) released its earnings results on Thursday. The company reported C($0.05) earnings per share for the quarter, FiscalAI reports.

Trilogy Metals Stock Up 0.8%

Shares of TSE:TMQ opened at C$5.27 on Friday. The firm has a market cap of C$909.32 million, a P/E ratio of -20.27 and a beta of 1.44. The company has a quick ratio of 5.25, a current ratio of 1.57 and a debt-to-equity ratio of 0.15. Trilogy Metals has a 12-month low of C$1.59 and a 12-month high of C$15.21. The business has a fifty day simple moving average of C$5.90 and a 200 day simple moving average of C$6.11.

Insider Activity at Trilogy Metals

In related news, insider Olav Langelaar purchased 6,000 shares of Trilogy Metals stock in a transaction on Thursday, March 19th. The shares were purchased at an average price of C$4.64 per share, for a total transaction of C$27,840.00. Following the transaction, the insider owned 17,000 shares of the company’s stock, valued at approximately C$78,880. This represents a 54.55% increase in their position. Company insiders own 17.86% of the company’s stock.

Wall Street Analysts Forecast Growth

TMQ has been the subject of several recent analyst reports. Cormark upgraded shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research report on Thursday, December 18th. TD Securities cut shares of Trilogy Metals from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$8.50 to C$8.00 in a research note on Friday, February 20th. National Bank Financial upped their price target on shares of Trilogy Metals from C$7.00 to C$9.50 in a report on Thursday, January 29th. Finally, Freedom Capital upgraded Trilogy Metals to a “strong-buy” rating in a research note on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$7.67.

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.