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

Trilogy Metals Inc. (TSE:TMQ) has been given a consensus recommendation of “Hold” by the six analysts that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$7.00.

TMQ has been the topic of a number of recent analyst reports. National Bank Financial decreased their price objective on Trilogy Metals from C$9.50 to C$7.50 and set a “sector perform” rating on the stock in a report on Wednesday, April 15th. Freedom Capital downgraded Trilogy Metals from a “strong-buy” rating to a “hold” rating in a research report on Wednesday.

Trilogy Metals Price Performance

Shares of TMQ stock opened at C$5.05 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.11 and a quick ratio of 5.25. The company has a market capitalization of C$872.37 million, a PE ratio of -16.83 and a beta of 1.51. The firm’s 50-day moving average is C$4.95 and its two-hundred day moving average is C$5.60. Trilogy Metals has a 12 month low of C$1.96 and a 12 month high of C$15.21.

Trilogy Metals Company Profile

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.