Trilogy Metals (TSE:TMQ) Price Target Raised to C$1.50 at TD Securities

Trilogy Metals (TSE:TMQ) had its price objective upped by TD Securities from C$0.75 to C$1.50 in a research note published on Friday,BayStreet.CA reports. They currently have a hold rating on the stock.

Trilogy Metals Stock Up 34.4 %

Shares of TMQ stock traded up C$0.45 during trading hours on Friday, hitting C$1.76. 369,698 shares of the company’s stock traded hands, compared to its average volume of 28,278. The company has a quick ratio of 5.25, a current ratio of 30.42 and a debt-to-equity ratio of 0.02. The stock’s fifty day simple moving average is C$0.85 and its two-hundred day simple moving average is C$0.76. Trilogy Metals has a 12-month low of C$0.34 and a 12-month high of C$1.85. The stock has a market cap of C$282.57 million, a price-to-earnings ratio of -16.00 and a beta of 1.33.

Trilogy Metals (TSE:TMQ) last announced its quarterly earnings data on Tuesday, October 8th. The company reported C($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C($0.01). On average, analysts expect that Trilogy Metals will post -0.07 EPS for the current year.

Trilogy Metals Company Profile

Trilogy Metals Inc, a base metals exploration company, engages in the exploration and development of mineral properties in the United States. The company explores for copper, cobalt, lead, zinc, gold, and silver properties. It principally holds interests in the Upper Kobuk mineral projects that include the Arctic, which contains polymetallic volcanogenic massive sulfide deposits; and Bornite that contains carbonate-hosted copper – cobalt deposits covering an area of approximately 448,217 acres located in the Ambler mining district in Northwest Alaska.