Trilogy Metals (TSE:TMQ) Stock Price Down 23.1% - Time to Sell?

Key Points

• Trilogy Metals' stock price fell by 23.1% in a single day, trading as low as C$11.25 from a previous close of C$14.70.
• Analysts have responded with mixed ratings, with BMO Capital Markets downgrading the stock from "outperform" to "market perform," and TD Securities raising their target price to C$5.50 while maintaining a "hold" rating.
• The company's debt-to-equity ratio is relatively low at 0.12, indicating financial stability despite its negative P/E ratio of -198.67.

Trilogy Metals Inc. (TSE:TMQ - Get Free Report)'s stock price was down 23.1% on Wednesday . The stock traded as low as C$11.25 and last traded at C$11.30. Approximately 1,442,744 shares changed hands during mid-day trading, an increase of 1,869% from the average daily volume of 73,280 shares. The stock had previously closed at C$14.70.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TMQ. BMO Capital Markets cut shares of Trilogy Metals from an "outperform" rating to a "market perform" rating and set a C$5.50 price objective for the company. in a research report on Friday, October 10th. Cormark cut shares of Trilogy Metals from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, October 8th. Raymond James Financial upgraded shares of Trilogy Metals from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, October 7th. Finally, TD Securities lifted their price target on shares of Trilogy Metals from C$2.25 to C$5.50 and gave the company a "hold" rating in a research report on Tuesday, October 7th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of C$4.50.

Trilogy Metals Stock Down 18.9%

The business's 50 day moving average is C$3.42 and its 200-day moving average is C$2.52. 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 cap of C$1.96 billion, a PE ratio of -198.67 and a beta of 1.94.

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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