Raymond James Raises Trilogy Metals (TSE:TMQ) Price Target to C$2.00

Trilogy Metals (TSE:TMQ) had its price target boosted by equities research analysts at Raymond James from C$1.75 to C$2.00 in a research note issued on Tuesday,BayStreet.CA reports. Raymond James’ price objective indicates a potential upside of 1.52% from the stock’s current price.

Separately, TD Securities increased their price target on shares of Trilogy Metals from C$0.75 to C$1.50 and gave the company a “hold” rating in a research report on Friday, November 15th.

Trilogy Metals Trading Up 3.7 %

Shares of TMQ stock traded up C$0.07 on Tuesday, hitting C$1.97. 101,297 shares of the company’s stock traded hands, compared to its average volume of 21,049. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.25 and a current ratio of 60.98. Trilogy Metals has a one year low of C$0.34 and a one year high of C$2.14. The company’s fifty day simple moving average is C$1.71 and its 200 day simple moving average is C$1.22. The stock has a market capitalization of C$222.86 million, a price-to-earnings ratio of -22.09 and a beta of 1.33.

About Trilogy Metals

Trilogy Metals Inc, a base metals exploration company, engages in the exploration and development of mineral properties in the United States. The company explores for copper, cobalt, lead, zinc, gold, and silver properties. It principally holds interests in the Upper Kobuk mineral projects that include the Arctic, which contains polymetallic volcanogenic massive sulfide deposits; and Bornite that contains carbonate-hosted copper – cobalt deposits covering an area of approximately 448,217 acres located in the Ambler mining district in Northwest Alaska.