Trilogy Metals (TSE:TMQ) Downgraded by Raymond James

Trilogy Metals (TSE:TMQ - Get Free Report) was downgraded by investment analysts at Raymond James from an "outperform" rating to a "market perform" rating in a research report issued on Tuesday, BayStreet.CA reports. They currently have a C$1.00 price objective on the stock, down from their prior price objective of C$1.25. Raymond James' price target would indicate a potential upside of 85.19% from the stock's current price.

Separately, National Bankshares cut their target price on Trilogy Metals from C$1.00 to C$0.75 and set a "sector perform" rating on the stock in a research note on Monday, January 8th.

Trilogy Metals Price Performance

Shares of TSE:TMQ traded down C$0.03 during midday trading on Tuesday, reaching C$0.54. The company's stock had a trading volume of 11,009 shares, compared to its average volume of 25,555. The business's fifty day simple moving average is C$0.63 and its 200-day simple moving average is C$0.62. The company has a debt-to-equity ratio of 0.02, a current ratio of 6.20 and a quick ratio of 5.25. The company has a market capitalization of C$86.27 million, a P/E ratio of -3.86 and a beta of 1.09. Trilogy Metals has a fifty-two week low of C$0.34 and a fifty-two week high of C$0.93.

Trilogy Metals (TSE:TMQ - Get Free Report) last issued its earnings results on Friday, February 9th. The company reported C($0.01) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of C($0.01). As a group, equities research analysts expect that Trilogy Metals will post -0.07 EPS for the current fiscal year.

Insider Activity

In related news, Senior Officer Elaine Sanders sold 56,885 shares of the company's stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of C$0.46, for a total transaction of C$26,195.54. In the last three months, insiders sold 72,351 shares of company stock worth $33,085. 17.12% of the stock is currently owned by company insiders.

Trilogy Metals Company Profile

Trilogy Metals Inc, a base metals exploration company, engages in the exploration and development of mineral properties in the United States. The company explores for copper, cobalt, lead, zinc, gold, and silver properties. It principally holds interests in the Upper Kobuk mineral projects that include the Arctic, which contains polymetallic volcanogenic massive sulfide deposits; and Bornite that contains carbonate-hosted copper - cobalt deposits covering an area of approximately 448,217 acres located in the Ambler mining district in Northwest Alaska.