Trilogy Metals Inc. (TSE:TMQ) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Moderate Buy consensus: Six analysts give Trilogy Metals an average rating of "Moderate Buy" (3 holds, 2 buys, 1 strong buy) with a 1‑year average target of C$6.38 and recent mixed analyst actions (upgrades and target changes).
• Insider buying: Director Olav Langelaar purchased 6,000 shares at C$4.64 on March 19, boosting his position by 54.6%, and corporate insiders collectively own 17.86% of the company.
• Shares and fundamentals: TMQ opened at C$4.47 (down ~6.5%), has a market cap of about C$771M, reported negative quarterly EPS (C($0.29)) and a wide 52‑week range of C$1.59–C$15.21, underscoring volatility and risk.

Shares of Trilogy Metals Inc. (TSE:TMQ - Get Free Report) have been assigned an average rating of "Moderate Buy" from the six ratings firms that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$6.38.

Several equities analysts recently weighed in on TMQ shares. Cormark raised Trilogy Metals from a "hold" rating to a "moderate buy" rating in a research note on Thursday, December 18th. TD Securities lowered Trilogy Metals from a "buy" rating to a "hold" rating and lowered their target price for the company from C$8.50 to C$8.00 in a report on Friday, February 20th. National Bank Financial lifted their price target on Trilogy Metals from C$7.00 to C$9.50 in a research note on Thursday, January 29th. Finally, Freedom Capital upgraded shares of Trilogy Metals to a "strong-buy" rating in a research report on Thursday.

Insider Activity at Trilogy Metals

In other Trilogy Metals news, insider Olav Langelaar acquired 6,000 shares of the company's stock in a transaction dated Thursday, March 19th. The stock was acquired at an average cost of C$4.64 per share, with a total value of C$27,840.00. Following the purchase, the insider directly owned 17,000 shares in the company, valued at approximately C$78,880. This trade represents a 54.55% increase in their position. 17.86% of the stock is owned by corporate insiders.

Trilogy Metals Trading Down 6.5%

TSE TMQ opened at C$4.47 on Friday. The company has a quick ratio of 5.25, a current ratio of 1.57 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of C$771.28 million, a P/E ratio of -17.19 and a beta of 1.44. Trilogy Metals has a 52-week low of C$1.59 and a 52-week high of C$15.21. The firm has a 50-day moving average price of C$6.41 and a 200 day moving average price of C$5.97.

Trilogy Metals (TSE:TMQ - Get Free Report) last released its earnings results on Tuesday, February 17th. The company reported C($0.29) earnings per share (EPS) for the quarter. Equities research analysts expect that Trilogy Metals will post -0.07 EPS for the current year.

About Trilogy Metals

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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