Trilogy Metals (TSE:TMQ) Reaches New 12-Month High on Analyst Upgrade

Trilogy Metals Inc. (TSE:TMQ)’s stock price reached a new 52-week high during mid-day trading on Friday after TD Securities raised their price target on the stock from C$0.75 to C$1.50. TD Securities currently has a hold rating on the stock. Trilogy Metals traded as high as C$1.85 and last traded at C$1.76, with a volume of 369698 shares changing hands. The stock had previously closed at C$1.31.

Trilogy Metals Trading Up 34.4 %

The company has a debt-to-equity ratio of 0.02, a current ratio of 30.42 and a quick ratio of 5.25. The business has a fifty day moving average of C$0.85 and a 200-day moving average of C$0.76. The stock has a market capitalization of C$282.57 million, a price-to-earnings ratio of -16.00 and a beta of 1.33.

Trilogy Metals (TSE:TMQ) last posted its quarterly earnings results 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). On average, equities analysts anticipate that Trilogy Metals Inc. will post -0.07 earnings per share for the current fiscal year.

Trilogy Metals Company Profile

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.