Trilogy Metals (TSE:TMQ) Stock Rating Upgraded by Cormark

Trilogy Metals (TSE:TMQ) was upgraded by analysts at Cormark from a “hold” rating to a “moderate buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other brokerages also recently commented on TMQ. BMO Capital Markets downgraded shares of Trilogy Metals from an “outperform” rating to a “market perform” rating and set a C$5.50 target price for the company. in a research note on Friday, October 10th. National Bankshares upped their price objective on shares of Trilogy Metals from C$3.25 to C$8.00 and gave the company a “sector perform” rating in a research report on Monday, October 20th. TD Securities lifted their target price on Trilogy Metals from C$5.50 to C$8.50 in a report on Tuesday, October 21st. Finally, Raymond James Financial raised Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, October 7th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Trilogy Metals currently has a consensus rating of “Hold” and a consensus price target of C$6.13.

Trilogy Metals Trading Up 3.2%

TSE:TMQ opened at C$6.17 on Thursday. The company has a current ratio of 60.98, a quick ratio of 5.25 and a debt-to-equity ratio of 0.12. Trilogy Metals has a 1-year low of C$1.51 and a 1-year high of C$15.21. The firm has a market capitalization of C$1.06 billion, a price-to-earnings ratio of -102.83 and a beta of 2.06. The business’s 50-day moving average price is C$6.72 and its two-hundred day moving average price is C$3.99.

Trilogy Metals (TSE:TMQ) last announced its quarterly earnings results on Tuesday, September 30th. The company reported C($0.01) EPS for the quarter. The firm had revenue of C$0.00 million during the quarter. On average, equities analysts expect that Trilogy Metals will post -0.07 earnings per share for the current year.

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.