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

Trilogy Metals Inc. (TSE:TMQ) has been assigned an average recommendation of “Hold” from the six research firms that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$7.00.

Separately, Freedom Capital cut Trilogy Metals from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th.

Trilogy Metals Stock Down 0.4%

Shares of TSE:TMQ opened at C$5.02 on Tuesday. The firm has a market cap of C$867.18 million, a P/E ratio of -16.73 and a beta of 1.51. Trilogy Metals has a 12-month low of C$2.16 and a 12-month high of C$15.21. The business has a fifty day simple moving average of C$4.80 and a 200 day simple moving average of C$5.32. The company has a quick ratio of 5.25, a current ratio of 1.11 and a debt-to-equity ratio of 0.08.

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.