Trilogy Metals Inc. (TSE:TMQ) Receives Average Recommendation of “Moderate Buy” from Analysts

Trilogy Metals Inc. (TSE:TMQ) has been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$7.00.

TMQ has been the topic of a number of analyst reports. National Bank Financial cut their price target on Trilogy Metals from C$9.50 to C$7.50 and set a “sector perform” rating on the stock in a research note on Wednesday, April 15th. Raymond James Financial upgraded Trilogy Metals from a “hold” rating to a “moderate buy” rating in a report on Monday, April 6th. TD Securities lowered Trilogy Metals from a “buy” rating to a “hold” rating and cut their target price for the company from C$8.50 to C$8.00 in a research note on Friday, February 20th. Finally, Freedom Capital upgraded Trilogy Metals to a “strong-buy” rating in a report on Thursday, March 19th.

Trilogy Metals Trading Up 1.3%

TMQ opened at C$6.16 on Friday. The firm has a 50 day simple moving average of C$5.50 and a 200 day simple moving average of C$6.17. Trilogy Metals has a fifty-two week low of C$1.59 and a fifty-two week high of C$15.21. The company has a market cap of C$1.06 billion, a price-to-earnings ratio of -22.00 and a beta of 1.66. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.46 and a quick ratio of 5.25.

Trilogy Metals (TSE:TMQ) last announced its quarterly earnings data on Thursday, April 2nd. The company reported C($0.05) earnings per share (EPS) for the quarter. On average, sell-side analysts anticipate that Trilogy Metals will post -0.07 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Olav Langelaar acquired 6,000 shares of Trilogy Metals stock in a transaction that occurred on Thursday, March 19th. The shares were acquired at an average price of C$4.64 per share, with a total value of C$27,840.00. Following the purchase, the insider directly owned 17,000 shares of the company’s stock, valued at C$78,880. The trade was a 54.55% increase in their ownership of the stock. 17.86% of the stock is owned by insiders.

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.