Trilogy Metals Inc. (TSE:TMQ) Receives Average Recommendation of “Moderate Buy” from Brokerages

Trilogy Metals Inc. (TSE:TMQ) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$7.00.

Several equities analysts recently weighed in on TMQ shares. Raymond James Financial raised shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research report on Monday, April 6th. National Bank Financial decreased their price objective on shares of Trilogy Metals from C$9.50 to C$7.50 and set a “sector perform” rating for the company in a research note on Wednesday, April 15th. Freedom Capital upgraded shares of Trilogy Metals to a “strong-buy” rating in a research note on Thursday, March 19th. Finally, TD Securities lowered shares of Trilogy Metals from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$8.50 to C$8.00 in a research note on Friday, February 20th.

Trilogy Metals Stock Performance

Shares of Trilogy Metals stock opened at C$4.99 on Thursday. The company has a current ratio of 1.46, a quick ratio of 5.25 and a debt-to-equity ratio of 0.08. The business has a 50-day moving average price of C$5.80 and a two-hundred day moving average price of C$6.10. Trilogy Metals has a 1-year low of C$1.67 and a 1-year high of C$15.21. The company has a market cap of C$861.00 million, a P/E ratio of -17.82 and a beta of 1.39.

Trilogy Metals (TSE:TMQ) last released its quarterly earnings data on Thursday, April 2nd. The company reported C($0.05) earnings per share (EPS) for the quarter. As a group, analysts anticipate that Trilogy Metals will post -0.07 EPS for the current year.

Insider Activity

In other news, insider Olav Langelaar acquired 6,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was purchased at an average price of C$4.64 per share, for a total transaction of C$27,840.00. Following the purchase, the insider owned 17,000 shares in the company, valued at approximately C$78,880. This represents a 54.55% increase in their position. Also, Director William L. Iggiagruk Hensley sold 50,000 shares of the stock in a transaction dated 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 completion of the sale, the director owned 18,531 shares of the company’s stock, 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.