Trilogy Metals (TSE:TMQ) Price Target Raised to C$5.50 at TD Securities

Key Points

• TD Securities has raised its price target for Trilogy Metals from C$2.25 to C$5.50, while maintaining a "hold" rating for the stock, indicating a potential downside of 44.67% from its current price.
• Trilogy Metals' stock surged by 239.2%, reaching C$9.94 on Tuesday with over 1.6 million shares traded, significantly surpassing its average volume.
• The company, focused on mineral exploration, has a market cap of C$1.63 billion and operates primarily in the Ambler mining district of Alaska.

Trilogy Metals (TSE:TMQ - Get Free Report) had its target price raised by analysts at TD Securities from C$2.25 to C$5.50 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a "hold" rating on the stock. TD Securities' price objective indicates a potential downside of 44.67% from the stock's current price.

Trilogy Metals Stock Up 239.2%

TSE TMQ traded up C$7.01 on Tuesday, reaching C$9.94. 1,601,526 shares of the stock traded hands, compared to its average volume of 31,320. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.25 and a current ratio of 60.98. The company has a fifty day moving average price of C$2.52 and a 200-day moving average price of C$2.22. The company has a market cap of C$1.63 billion, a price-to-earnings ratio of -165.67 and a beta of 1.94. Trilogy Metals has a 12 month low of C$0.66 and a 12 month high of C$11.02.

Trilogy Metals Company Profile

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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