Trilogy Metals (TSE:TMQ) Rating Lowered to “Hold” at Freedom Capital

Trilogy Metals (TSE:TMQ) was downgraded by Freedom Capital from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Separately, National Bank Financial cut 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. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$7.00.

Trilogy Metals Stock Performance

Shares of TMQ stock opened at C$5.05 on Wednesday. The business has a fifty day moving average of C$4.95 and a 200 day moving average of C$5.60. Trilogy Metals has a 1 year low of C$1.96 and a 1 year high of C$15.21. 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 firm has a market capitalization of C$872.37 million, a price-to-earnings ratio of -16.83 and a beta of 1.51.

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.