Trilogy Metals (TSE:TMQ) Stock Price Down 8.2% – Should You Sell?

Trilogy Metals Inc. (TSE:TMQ) shares were down 8.2% on Monday . The company traded as low as C$5.50 and last traded at C$5.52. Approximately 271,703 shares changed hands during trading, an increase of 120% from the average daily volume of 123,325 shares. The stock had previously closed at C$6.01.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. BMO Capital Markets downgraded Trilogy Metals from an “outperform” rating to a “market perform” rating and set a C$5.50 price objective for the company. in a research report on Friday, October 10th. National Bankshares lifted their target price on Trilogy Metals from C$3.25 to C$8.00 and gave the company a “sector perform” rating in a research note on Monday, October 20th. TD Securities increased their price target on Trilogy Metals from C$5.50 to C$8.50 in a research note on Tuesday, October 21st. Raymond James Financial raised Trilogy Metals from a “hold” rating to a “moderate buy” rating in a report on Tuesday, October 7th. Finally, Cormark downgraded shares of Trilogy Metals from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$6.13.

Trilogy Metals Price Performance

The business has a 50-day simple moving average of C$5.87 and a two-hundred day simple moving average of C$3.44. The company has a quick ratio of 5.25, a current ratio of 60.98 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of C$952.80 million, a price-to-earnings ratio of -92.83 and a beta of 1.95.

Trilogy Metals (TSE:TMQ) last issued its quarterly earnings results on Tuesday, September 30th. The company reported C($0.01) earnings per share (EPS) for the quarter. The firm had revenue of C$0.00 million during the quarter. As a group, research analysts predict that Trilogy Metals Inc. will post -0.07 earnings per share for the current fiscal year.

Trilogy Metals Company Profile

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.