Trilogy Metals (TSE:TMQ) Stock Rating Upgraded by Raymond James Financial

Key Points

• Raymond James upgraded Trilogy Metals from "hold" to a moderate buy, leaving the stock with a MarketBeat consensus rating of "Moderate Buy" and a consensus target price of C$7.67.
• TMQ opened at C$5.34, has a market cap of C$921.4M and a 52‑week range of C$1.59–C$15.21, and reported a negative EPS of C($0.05) last quarter with analysts forecasting about C($0.07) for the fiscal year.
• An insider (Olav Langelaar) bought 6,000 shares at C$4.64 on March 19, increasing his position by 54.6%, and corporate insiders collectively own about 17.86% of the company.

Trilogy Metals (TSE:TMQ - Get Free Report) was upgraded by investment analysts at Raymond James Financial from a "hold" rating to a "moderate buy" rating in a note issued to investors on Monday,Zacks.com reports.

Other research analysts have also recently issued reports about the company. Cormark raised Trilogy Metals from a "hold" rating to a "moderate buy" rating in a research note on Thursday, December 18th. National Bank Financial raised their price objective on Trilogy Metals from C$7.00 to C$9.50 in a research note on Thursday, January 29th. TD Securities cut Trilogy Metals from a "buy" rating to a "hold" rating and reduced their price objective for the company from C$8.50 to C$8.00 in a research note on Friday, February 20th. Finally, Freedom Capital raised Trilogy Metals to a "strong-buy" rating in a research note on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Trilogy Metals presently has an average rating of "Moderate Buy" and a consensus target price of C$7.67.

Trilogy Metals Trading Up 1.3%

Shares of TMQ stock opened at C$5.34 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.25 and a current ratio of 1.46. Trilogy Metals has a 52-week low of C$1.59 and a 52-week high of C$15.21. The company has a market capitalization of C$921.40 million, a PE ratio of -19.07 and a beta of 1.67. The business's fifty day moving average is C$5.77 and its 200 day moving average is C$6.19.

Trilogy Metals (TSE:TMQ - Get Free Report) last released its earnings results on Thursday, April 2nd. The company reported C($0.05) EPS for the quarter. On average, equities research analysts anticipate that Trilogy Metals will post -0.07 EPS for the current fiscal year.

Insider Buying and Selling at Trilogy Metals

In other news, insider Olav Langelaar bought 6,000 shares of the company's stock in a transaction dated Thursday, March 19th. The stock was bought at an average cost of C$4.64 per share, for a total transaction of C$27,840.00. Following the completion of the acquisition, the insider owned 17,000 shares in the company, valued at approximately C$78,880. This trade represents a 54.55% increase in their position. Corporate insiders own 17.86% of the company's stock.

Trilogy Metals Company Profile

Trilogy Metals Inc is a metal exploration and development company which holds a 50 percent interest in Ambler Metals LLC, which has a 100 percent interest in the UKMP in northwestern Alaska. On December 19, 2019, South32 Limited, a globally diversified mining and metals company, exercised its option to form a 50/50 joint venture with Trilogy. The UKMP is located within the Ambler Mining District which is one of the richest and most-prospective known copper-dominant districts in the world. It hosts world-class polymetallic volcanogenic massive sulphide ("VMS") deposits that contain copper, zinc, lead, gold and silver, and carbonate replacement deposits which have been found to host high-grade copper and cobalt mineralization.

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