Trilogy Metals (TSE:TMQ) Downgraded to "Hold" Rating by Cormark

Key Points

• Trilogy Metals has been downgraded from a "moderate buy" to a "hold" rating by analysts at Cormark.
• Despite the downgrade, TD Securities raised their price target for the stock to C$5.50, while Raymond James Financial upgraded it to a "moderate buy".
• The company's current average rating is "hold" with a consensus target price of C$4.00, and it experienced a trading decline of 2.8% recently.

Trilogy Metals (TSE:TMQ - Get Free Report) was downgraded by stock analysts at Cormark from a "moderate buy" rating to a "hold" rating in a research report issued on Wednesday,Zacks.com reports.

A number of other equities analysts have also issued reports on the company. TD Securities increased their price objective on Trilogy Metals from C$2.25 to C$5.50 and gave the stock a "hold" rating in a report on Tuesday. Raymond James Financial raised shares of Trilogy Metals from a "hold" rating to a "moderate buy" rating in a report on Tuesday. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Trilogy Metals presently has an average rating of "Hold" and a consensus target price of C$4.00.

Trilogy Metals Trading Down 2.8%

Shares of TSE:TMQ opened at C$8.80 on Wednesday. The company has a quick ratio of 5.25, a current ratio of 60.98 and a debt-to-equity ratio of 0.12. The company's 50-day moving average price is C$2.78 and its 200 day moving average price is C$2.31. The company has a market cap of C$1.45 billion, a PE ratio of -146.67 and a beta of 1.94. Trilogy Metals has a fifty-two week low of C$0.68 and a fifty-two week high of C$11.02.

About Trilogy Metals

Trilogy Metals Inc is an exploration stage company engaged in mineral exploration. The company focuses on exploring and developing its mineral resource properties, which include the Upper Kobuk Mineral Projects (UKMP or UKMP Projects), in the Ambler mining district located in Alaska, the United States.

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