Trilogy Metals (TSE:TMQ) Stock Price Expected to Rise, National Bankshares Analyst Says

Trilogy Metals (TSE:TMQ) had its target price hoisted by analysts at National Bankshares from C$7.00 to C$9.50 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. National Bankshares’ target price would suggest a potential upside of 38.69% from the stock’s current price.

A number of other equities analysts also recently commented on the stock. Raymond James Financial raised shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, October 7th. Cormark raised Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Thursday, December 18th. BMO Capital Markets downgraded Trilogy Metals from an “outperform” rating to a “market perform” rating and set a C$5.50 target price on the stock. in a research report on Friday, October 10th. Finally, TD Securities increased their price target on Trilogy Metals from C$5.50 to C$8.50 in a report on Tuesday, October 21st. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$6.50.

Trilogy Metals Price Performance

Shares of TSE TMQ opened at C$6.85 on Thursday. The firm has a 50-day simple moving average of C$6.84 and a 200-day simple moving average of C$5.14. The stock has a market capitalization of C$1.17 billion, a price-to-earnings ratio of -114.17 and a beta of 2.00. The company has a quick ratio of 5.25, a current ratio of 60.98 and a debt-to-equity ratio of 0.12. Trilogy Metals has a 52 week low of C$1.59 and a 52 week high of C$15.21.

Trilogy Metals (TSE:TMQ) last posted its quarterly earnings results on Tuesday, September 30th. The company reported C($0.01) earnings per share for the quarter. The company had revenue of C$0.00 million for the quarter. On average, equities analysts predict that Trilogy Metals will post -0.07 earnings per share for the current fiscal year.

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.