Brokerages Set Trilogy Metals Inc. (TSE:TMQ) Price Target at C$7.00

Shares of Trilogy Metals Inc. (TSE:TMQ) have been assigned an average recommendation of “Hold” from the six research firms that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$7.00.

Separately, Freedom Capital downgraded shares of Trilogy Metals from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th.

Trilogy Metals Trading Up 0.8%

TSE:TMQ opened at C$5.27 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.25 and a current ratio of 1.11. Trilogy Metals has a one year low of C$2.10 and a one year high of C$15.21. The business’s 50-day simple moving average is C$4.85 and its 200 day simple moving average is C$5.51. The stock has a market cap of C$910.37 million, a price-to-earnings ratio of -17.57 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.