National Bankshares Issues Positive Forecast for Trilogy Metals (TSE:TMQ) Stock Price

Key Points

• National Bankshares raised its price target on Trilogy Metals from C$7.00 to C$9.50, a report that implies about a 17.72% upside from the stock's prior close.
• Analysts remain mixed overall — two Buys and three Holds — giving Trilogy an average rating of "Hold" and an average target price of C$6.50, well below National Bankshares' new target.
• Trilogy shares recently traded at C$8.07 (market cap ~C$1.38 billion); the company reported negative EPS (C($0.01) last quarter, with a -0.07 FY forecast) and operates a 50/50 JV with South32 on the high‑grade Ambler metals project in Alaska.

Trilogy Metals (TSE:TMQ - Get Free Report) had its price target raised by equities researchers at National Bankshares from C$7.00 to C$9.50 in a report issued on Thursday,BayStreet.CA reports. National Bankshares' target price points to a potential upside of 17.72% from the company's previous close.

A number of other equities research analysts have also recently issued reports on the stock. Raymond James Financial upgraded shares of Trilogy Metals from a "hold" rating to a "moderate buy" rating in a report on Tuesday, October 7th. Cormark raised Trilogy Metals from a "hold" rating to a "moderate buy" rating in a research report on Thursday, December 18th. TD Securities increased their target price on Trilogy Metals from C$5.50 to C$8.50 in a research note on Tuesday, October 21st. Finally, BMO Capital Markets lowered Trilogy Metals from an "outperform" rating to a "market perform" rating and set a C$5.50 target price on the stock. in a report on Friday, October 10th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Trilogy Metals presently has an average rating of "Hold" and an average target price of C$6.50.

Trilogy Metals Stock Performance

Shares of TMQ stock traded down C$1.28 during trading on Thursday, reaching C$8.07. The company had a trading volume of 882,761 shares, compared to its average volume of 695,250. The firm's 50 day simple moving average is C$6.77 and its two-hundred day simple moving average is C$5.09. Trilogy Metals has a one year low of C$1.59 and a one year high of C$15.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 60.98 and a quick ratio of 5.25. The company has a market capitalization of C$1.38 billion, a PE ratio of -134.50 and a beta of 2.00.

Trilogy Metals (TSE:TMQ - Get Free Report) last announced its quarterly earnings results on Tuesday, September 30th. The company reported C($0.01) EPS for the quarter. The business had revenue of C$0.00 million during the quarter. Sell-side analysts forecast that Trilogy Metals will post -0.07 earnings per share for the current year.

Trilogy Metals Company Profile

Trilogy Metals Inc is a metal exploration and development company which holds a 50 percent interest in Ambler Metals LLC, which has a 100 percent interest in the UKMP in northwestern Alaska. On December 19, 2019, South32 Limited, a globally diversified mining and metals company, exercised its option to form a 50/50 joint venture with Trilogy. The UKMP is located within the Ambler Mining District which is one of the richest and most-prospective known copper-dominant districts in the world. It hosts world-class polymetallic volcanogenic massive sulphide ("VMS") deposits that contain copper, zinc, lead, gold and silver, and carbonate replacement deposits which have been found to host high-grade copper and cobalt mineralization.

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