TD Securities Raises Trilogy Metals (TSE:TMQ) Price Target to C$2.25

Trilogy Metals (TSE:TMQ) had its price target upped by equities researchers at TD Securities from C$2.00 to C$2.25 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ price target would indicate a potential upside of 2.74% from the stock’s previous close.

Separately, Raymond James boosted their price target on shares of Trilogy Metals from C$2.00 to C$2.50 and gave the company a “market perform” rating in a report on Monday, March 24th.

Trilogy Metals Price Performance

Trilogy Metals stock traded down C$0.05 on Thursday, reaching C$2.19. The company’s stock had a trading volume of 1,005 shares, compared to its average volume of 27,872. Trilogy Metals has a twelve month low of C$0.34 and a twelve month high of C$2.98. The business’s fifty day moving average price is C$2.06 and its 200 day moving average price is C$1.54. The company has a market cap of C$247.74 million, a price-to-earnings ratio of -24.56 and a beta of 1.33. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.25 and a current ratio of 60.98.

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.