Trilogy Metals (TSE:TMQ) Price Target Raised to C$1.50

Trilogy Metals (TSE:TMQ) had its price target lifted by TD Securities from C$0.75 to C$1.50 in a research report sent to investors on Friday,BayStreet.CA reports. They currently have a hold rating on the stock.

Trilogy Metals Stock Up 34.4 %

Shares of TSE:TMQ opened at C$1.76 on Friday. The company has a market capitalization of C$282.57 million, a P/E ratio of -16.00 and a beta of 1.33. The stock’s fifty day simple moving average is C$0.85 and its 200-day simple moving average is C$0.76. Trilogy Metals has a 52-week low of C$0.34 and a 52-week high of C$1.85. The company has a quick ratio of 5.25, a current ratio of 30.42 and a debt-to-equity ratio of 0.02.

Trilogy Metals (TSE:TMQ) last posted its quarterly earnings data on Tuesday, October 8th. The company reported C($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of C($0.01). As a group, equities research analysts forecast that Trilogy Metals will post -0.07 earnings per share for the current fiscal 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.