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Trilogy Metals (TSE:TMQ) Downgraded by BMO Capital Markets to "Market Perform"

Trilogy Metals logo with Basic Materials background

Key Points

  • Trilogy Metals has been downgraded from an "outperform" to a "market perform" rating by BMO Capital Markets, with a target price set at C$5.50.
  • The stock is currently experiencing a 7.1% decline, trading at C$8.63, and analysts indicate a potential downside of 36.27% from its previous close.
  • Overall, the company has a consensus rating of "Hold" with an average target price of C$4.50, despite mixed ratings from other analysts.
  • Five stocks to consider instead of Trilogy Metals.

Trilogy Metals (TSE:TMQ - Get Free Report) was downgraded by analysts at BMO Capital Markets from an "outperform" rating to a "market perform" rating in a report released on Friday, Marketbeat Ratings reports. They presently have a C$5.50 target price on the stock. BMO Capital Markets' target price indicates a potential downside of 36.27% from the company's previous close.

TMQ has been the topic of several other reports. Raymond James Financial raised Trilogy Metals from a "hold" rating to a "moderate buy" rating in a research report on Tuesday. Cormark downgraded Trilogy Metals from a "moderate buy" rating to a "hold" rating in a research note on Wednesday. Finally, TD Securities upped their price target on Trilogy Metals from C$2.25 to C$5.50 and gave the stock a "hold" rating in a research note on Tuesday. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Trilogy Metals presently has a consensus rating of "Hold" and an average target price of C$4.50.

Read Our Latest Research Report on TMQ

Trilogy Metals Stock Down 7.1%

Trilogy Metals stock traded down C$0.66 during trading hours on Friday, hitting C$8.63. 1,034,462 shares of the stock traded hands, compared to its average volume of 48,623. The firm's 50-day moving average price is C$2.92 and its two-hundred day moving average price is C$2.35. The company has a current ratio of 60.98, a quick ratio of 5.25 and a debt-to-equity ratio of 0.12. The company has a market cap of C$1.42 billion, a PE ratio of -143.83 and a beta of 1.94. Trilogy Metals has a one year low of C$0.68 and a one year high of C$11.02.

Trilogy Metals Company Profile

(Get Free Report)

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.

See Also

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