Trilogy Metals (TSE:TMQ) Stock Price Crosses Below Fifty Day Moving Average – What’s Next?

Trilogy Metals Inc. (TSE:TMQ) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$5.54 and traded as low as C$5.14. Trilogy Metals shares last traded at C$5.19, with a volume of 359,974 shares trading hands.

Analysts Set New Price Targets

TMQ has been the subject of a number of research reports. TD Securities cut Trilogy Metals from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$8.50 to C$8.00 in a research note on Friday, February 20th. Freedom Capital raised Trilogy Metals to a “strong-buy” rating in a research note on Thursday, March 19th. Raymond James Financial raised Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Monday, April 6th. Finally, National Bank Financial dropped their price objective on 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. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$7.00.

Trilogy Metals Price Performance

The company has a debt-to-equity ratio of 0.08, a current ratio of 1.46 and a quick ratio of 5.25. The stock has a 50 day moving average price of C$5.54 and a two-hundred day moving average price of C$6.09. The firm has a market capitalization of C$895.51 million, a price-to-earnings ratio of -18.54 and a beta of 1.66.

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

Insiders Place Their Bets

In related news, insider Olav Langelaar bought 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was purchased at an average cost of C$4.64 per share, for a total transaction of C$27,840.00. Following the completion of the acquisition, the insider owned 17,000 shares in the company, valued at approximately C$78,880. This trade represents a 54.55% increase in their position. Also, Director William L. Iggiagruk Hensley sold 50,000 shares of Trilogy Metals stock in a transaction on Friday, May 8th. The shares were sold at an average price of C$6.08, for a total value of C$304,000.00. Following the completion of the transaction, 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 ownership of the stock. Company insiders own 17.86% of the company’s stock.

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.