Trilogy Metals (TSE:TMQ) Releases Quarterly Earnings Results

Trilogy Metals (TSE:TMQ) posted its earnings results on Tuesday. The company reported C($0.29) earnings per share for the quarter, FiscalAI reports.

Trilogy Metals Trading Down 12.1%

TSE:TMQ traded down C$0.69 during trading hours on Tuesday, hitting C$5.01. The company had a trading volume of 595,153 shares, compared to its average volume of 633,173. The company has a debt-to-equity ratio of 0.12, a current ratio of 60.98 and a quick ratio of 5.25. Trilogy Metals has a 52 week low of C$1.59 and a 52 week high of C$15.21. The company has a market capitalization of C$857.01 million, a PE ratio of -83.50 and a beta of 2.15. The stock has a 50-day moving average price of C$6.91 and a 200 day moving average price of C$5.48.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Cormark raised Trilogy Metals from a “hold” rating to a “moderate buy” rating in a report on Thursday, December 18th. TD Securities increased their price target on shares of Trilogy Metals from C$5.50 to C$8.50 in a report on Tuesday, October 21st. Finally, National Bank Financial lifted their price objective on shares of Trilogy Metals from C$7.00 to C$9.50 in a report on Thursday, January 29th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$6.50.

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.