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

Shares of Trilogy Metals Inc. (TSE:TMQ) have received an average recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat reports. Three equities research 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 brokerages that have issued ratings on the stock in the last year is C$7.00.

A number of analysts have weighed in on TMQ shares. Freedom Capital upgraded Trilogy Metals to a “strong-buy” rating in a research note on Thursday, March 19th. National Bank Financial cut their price target on 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. TD Securities cut Trilogy Metals from a “buy” rating to a “hold” rating and cut their target price for the stock from C$8.50 to C$8.00 in a research report on Friday, February 20th. Finally, Raymond James Financial upgraded Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research report on Monday, April 6th.

Trilogy Metals Trading Down 6.8%

TMQ opened at C$6.16 on Thursday. Trilogy Metals has a 52 week low of C$1.67 and a 52 week high of C$15.21. The business has a fifty day simple moving average of C$5.72 and a 200-day simple moving average of C$6.11. The firm has a market cap of C$1.06 billion, a P/E ratio of -22.00 and a beta of 1.66. The company has a quick ratio of 5.25, a current ratio of 1.46 and a debt-to-equity ratio of 0.08.

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

Insider Transactions at Trilogy Metals

In other Trilogy Metals news, Director William L. Iggiagruk Hensley sold 50,000 shares of Trilogy Metals stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of C$6.08, for a total value of C$304,000.00. Following the sale, the director owned 18,531 shares of the company’s stock, valued at approximately C$112,668.48. The trade was a 72.96% decrease in their position. Also, insider Olav Langelaar acquired 6,000 shares of the stock in a transaction on Thursday, March 19th. The stock was acquired at an average cost of C$4.64 per share, for a total transaction of C$27,840.00. Following the acquisition, the insider directly owned 17,000 shares in the company, valued at C$78,880. This represents a 54.55% increase 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.