Trilogy Metals Inc. (TSE:TMQ) Given Consensus Rating of “Moderate Buy” by Brokerages

Trilogy Metals Inc. (TSE:TMQ) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is C$7.00.

Several research analysts have recently issued reports on TMQ shares. Raymond James Financial raised shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Monday, April 6th. National Bank Financial reduced their target price on shares of Trilogy Metals from C$9.50 to C$7.50 and set a “sector perform” rating on the stock in a research note on Wednesday, April 15th. Finally, Freedom Capital raised shares of Trilogy Metals to a “strong-buy” rating in a research note on Thursday, March 19th.

Trilogy Metals Price Performance

Shares of TSE TMQ opened at C$4.78 on Monday. The firm has a market capitalization of C$824.77 million, a PE ratio of -17.07 and a beta of 1.39. The company has a current ratio of 1.46, a quick ratio of 5.25 and a debt-to-equity ratio of 0.08. Trilogy Metals has a 1 year low of C$1.76 and a 1 year high of C$15.21. The firm’s 50-day moving average is C$5.75 and its 200-day moving average is C$6.03.

Trilogy Metals (TSE:TMQ) last issued its earnings results on Thursday, April 2nd. The company reported C($0.05) earnings per share (EPS) for the quarter. Equities analysts expect that Trilogy Metals will post -0.07 EPS for the current year.

Insider Buying and Selling

In other Trilogy Metals news, Director William L. Iggiagruk Hensley sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of C$6.08, for a total transaction of C$304,000.00. Following the sale, the director directly owned 18,531 shares in the company, valued at approximately C$112,668.48. This trade represents a 72.96% decrease in their position. Company insiders own 17.86% of the company’s stock.

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.