Trilogy Metals (TSE:TMQ) Stock Price Expected to Rise, TD Securities Analyst Says

Key Points

• TD Securities has raised its price target for Trilogy Metals from C$5.50 to C$8.50, suggesting a potential upside of 7.73% from the stock's previous close.
• Despite the upgrade from TD Securities, other analysts have shown mixed sentiment, with some downgrading ratings while another firm raised their price target to C$8.00.
• As of recent trading, Trilogy Metals shares are priced at C$7.89, with a market capitalization of C$1.30 billion and a beta of 1.94.

Trilogy Metals (TSE:TMQ - Get Free Report) had its price objective boosted by analysts at TD Securities from C$5.50 to C$8.50 in a research report issued on Tuesday,BayStreet.CA reports. TD Securities' price objective would indicate a potential upside of 7.73% from the stock's previous close.

TMQ has been the subject of a number of other reports. Raymond James Financial upgraded Trilogy Metals from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, October 7th. Cormark downgraded Trilogy Metals from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, October 8th. BMO Capital Markets downgraded Trilogy Metals from an "outperform" rating to a "market perform" rating and set a C$5.50 price target for the company. in a research report on Friday, October 10th. Finally, National Bankshares raised their price target on Trilogy Metals from C$3.25 to C$8.00 and gave the stock a "sector perform" rating in a research report on Monday. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of C$6.13.

Trilogy Metals Price Performance

Shares of TSE TMQ traded down C$0.79 during midday trading on Tuesday, reaching C$7.89. 393,244 shares of the stock traded hands, compared to its average volume of 89,201. 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 stock has a market capitalization of C$1.30 billion, a PE ratio of -131.50 and a beta of 1.94. Trilogy Metals has a one year low of C$0.72 and a one year high of C$15.21. The company's 50 day moving average is C$4.05 and its 200 day moving average is C$2.74.

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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