TD Securities Raises Trilogy Metals (TSE:TMQ) Price Target to C$1.50

Trilogy Metals (TSE:TMQ) had its price objective raised by equities researchers at TD Securities from C$0.75 to C$1.50 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ price objective suggests a potential downside of 11.24% from the company’s previous close.

Trilogy Metals Stock Performance

Shares of TSE TMQ traded up C$0.38 during mid-day trading on Friday, hitting C$1.69. The company had a trading volume of 232,458 shares, compared to its average volume of 27,595. The stock has a market cap of C$271.33 million, a price-to-earnings ratio of -15.55 and a beta of 1.33. The firm’s 50 day simple moving average is C$0.83 and its two-hundred day simple moving average is C$0.75. The company has a debt-to-equity ratio of 0.02, a current ratio of 30.42 and a quick ratio of 5.25. Trilogy Metals has a 12 month low of C$0.34 and a 12 month high of C$1.80.

Trilogy Metals (TSE:TMQ) last released its quarterly earnings results on Tuesday, October 8th. The company reported C($0.01) 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 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.