Trilogy Metals (TSE:TMQ) Stock Price Passes Below Fifty Day Moving Average After Analyst Downgrade

Shares of Trilogy Metals Inc. (TSE:TMQ) passed below its fifty day moving average during trading on Thursday after Freedom Capital downgraded the stock from a strong-buy rating to a hold rating. The stock has a fifty day moving average of C$4.95 and traded as low as C$4.86. Trilogy Metals shares last traded at C$5.05, with a volume of 115,249 shares.

Separately, National Bank Financial dropped 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. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$7.00.

Trilogy Metals Trading Up 2.0%

The company has a 50 day moving average of C$4.95 and a 200 day moving average of C$5.60. The company has a current ratio of 1.11, a quick ratio of 5.25 and a debt-to-equity ratio of 0.08. The firm has a market cap of C$872.37 million, a price-to-earnings ratio of -16.83 and a beta of 1.51.

Trilogy Metals Company Profile

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.