Trilogy Metals (TSE:TMQ) Stock Price Expected to Rise, TD Securities Analyst Says

Trilogy Metals (TSE:TMQ) had its price target hoisted by equities researchers at TD Securities from C$0.75 to C$1.50 in a research note issued on Friday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ price target would suggest a potential downside of 14.77% from the company’s previous close.

Trilogy Metals Stock Up 34.4 %

TMQ opened at C$1.76 on Friday. Trilogy Metals has a 12 month low of C$0.34 and a 12 month high of C$1.85. The company has a current ratio of 30.42, a quick ratio of 5.25 and a debt-to-equity ratio of 0.02. The business’s 50-day moving average price is C$0.85 and its 200-day moving average price is C$0.76. The company has a market cap of C$282.57 million, a P/E ratio of -16.00 and a beta of 1.33.

Trilogy Metals (TSE:TMQ) last announced its quarterly earnings data on Tuesday, October 8th. The company reported C($0.01) earnings per share for the quarter, meeting the consensus estimate of C($0.01). On average, equities analysts expect that Trilogy Metals will post -0.07 EPS for the current year.

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.