Trilogy Metals (TSE:TMQ) Stock Price Up 1.7% – Here’s Why

Trilogy Metals Inc. (TSE:TMQ)’s stock price traded up 1.7% on Friday . The stock traded as high as C$7.28 and last traded at C$7.20. 577,684 shares were traded during trading, a decline of 5% from the average session volume of 609,608 shares. The stock had previously closed at C$7.08.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TMQ shares. BMO Capital Markets lowered shares of Trilogy Metals from an “outperform” rating to a “market perform” rating and set a C$5.50 price target for the company. in a research report on Friday, October 10th. TD Securities upped their price objective on shares of Trilogy Metals from C$5.50 to C$8.50 in a research note on Tuesday, October 21st. Cormark upgraded shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research report on Thursday, December 18th. National Bankshares boosted their price target on shares of Trilogy Metals from C$3.25 to C$8.00 and gave the company a “sector perform” rating in a report on Monday, October 20th. Finally, Raymond James Financial raised shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, October 7th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$6.13.

Trilogy Metals Stock Performance

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 cap of C$1.23 billion, a P/E ratio of -120.00 and a beta of 2.00. The firm’s 50-day moving average is C$6.12 and its two-hundred day moving average is C$4.54.

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 for the quarter. As a group, research analysts expect that Trilogy Metals Inc. will post -0.07 EPS 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. Its properties have the Arctic copper-zinc- lead-gold-silver project and other mineralized targets within a volcanogenic massive sulfide belt, and it also has a bornite carbonate-hosted copper project.