Trilogy Metals (TSE:TMQ) Trading 10.5% Higher - Still a Buy?

Key Points

• Shares jumped 10.5% to C$6.34 on Wednesday (prior close C$5.74) with 420,789 shares traded, about 20% below average session volume.
• Analysts are mixed but slightly positive: the consensus rating is "Moderate Buy" with a C$7.00 target after recent moves including a Freedom Capital strong‑buy and upgrades from Raymond James while TD Securities and National Bank trimmed targets.
• Fundamentals show ongoing losses—Trilogy reported C($0.05) EPS last quarter and is forecast to post C($0.07) EPS this year—while it has a C$1.09 billion market cap and insiders own 17.86%, including an insider purchase of 6,000 shares at C$4.64.

Shares of Trilogy Metals Inc. (TSE:TMQ - Get Free Report) traded up 10.5% on Wednesday . The company traded as high as C$6.35 and last traded at C$6.34. 420,789 shares traded hands during trading, a decline of 20% from the average session volume of 527,345 shares. The stock had previously closed at C$5.74.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Freedom Capital raised Trilogy Metals to a "strong-buy" rating in a report on Thursday, March 19th. National Bank Financial dropped their price target on Trilogy Metals from C$9.50 to C$7.50 and set a "sector perform" rating for the company in a report on Wednesday, April 15th. Raymond James Financial raised Trilogy Metals from a "hold" rating to a "moderate buy" rating in a report on Monday, April 6th. Finally, TD Securities cut Trilogy Metals from a "buy" rating to a "hold" rating and dropped their price target for the company from C$8.50 to C$8.00 in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of C$7.00.

Trilogy Metals Price Performance

The company has a 50 day moving average price of C$5.50 and a 200 day moving average price of C$6.19. The company has a market capitalization of C$1.09 billion, a price-to-earnings ratio of -22.64 and a beta of 1.66. The company has a current ratio of 1.46, a quick ratio of 5.25 and a debt-to-equity ratio of 0.08.

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. As a group, equities research analysts forecast that Trilogy Metals Inc. will post -0.07 earnings per share for the current year.

Insider Activity at Trilogy Metals

In other news, insider Olav Langelaar bought 6,000 shares of the stock in a transaction dated Thursday, March 19th. The stock was bought at an average cost of C$4.64 per share, with a total value of C$27,840.00. Following the purchase, the insider owned 17,000 shares of the company's stock, valued at approximately C$78,880. This represents a 54.55% increase in their ownership of the stock. Company 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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