Trilogy Metals (TSE:TMQ) Upgraded at Cormark

Cormark upgraded shares of Trilogy Metals (TSE:TMQ) from a hold rating to a moderate buy rating in a report published on Thursday morning,Zacks.com reports.

A number of other equities research analysts also recently commented on the stock. BMO Capital Markets downgraded shares of Trilogy Metals from an “outperform” rating to a “market perform” rating and set a C$5.50 price objective for the company. in a research report on Friday, October 10th. National Bankshares boosted their target price on Trilogy Metals from C$3.25 to C$8.00 and gave the stock a “sector perform” rating in a research report on Monday, October 20th. Raymond James Financial raised Trilogy Metals from a “hold” rating to a “moderate buy” rating in a report on Tuesday, October 7th. Finally, TD Securities lifted their price target on Trilogy Metals from C$5.50 to C$8.50 in a research note on Tuesday, October 21st. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$6.13.

Trilogy Metals Stock Performance

TSE:TMQ opened at C$6.52 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 60.98 and a quick ratio of 5.25. The firm has a market cap of C$1.12 billion, a price-to-earnings ratio of -108.67 and a beta of 2.06. The firm’s fifty day moving average price is C$6.68 and its 200 day moving average price is C$4.04. Trilogy Metals has a 1-year low of C$1.51 and a 1-year high of C$15.21.

Trilogy Metals (TSE:TMQ) last announced its quarterly earnings data on Tuesday, September 30th. The company reported C($0.01) EPS for the quarter. The business had revenue of C$0.00 million for the quarter. On average, sell-side analysts expect that Trilogy Metals will post -0.07 EPS for the current year.

About Trilogy Metals

Trilogy Metals Inc is an exploration stage company engaged in mineral exploration. The company focuses on exploring and developing its mineral resource properties, which include the Upper Kobuk Mineral Projects (UKMP or UKMP Projects), in the Ambler mining district located in Alaska, the United States. Its properties have the Arctic copper-zinc- lead-gold-silver project and other mineralized targets within a volcanogenic massive sulfide belt, and it also has a bornite carbonate-hosted copper project.