Trilogy Metals (TSE:TMQ) Sets New 12-Month High After Analyst Upgrade

Shares of Trilogy Metals Inc. (TSE:TMQ) reached a new 52-week high during mid-day trading on Friday after TD Securities raised their price target on the stock from C$0.75 to C$1.50. TD Securities currently has a hold rating on the stock. Trilogy Metals traded as high as C$1.85 and last traded at C$1.76, with a volume of 369698 shares. The stock had previously closed at C$1.31.

Trilogy Metals Stock Performance

The stock’s fifty day simple moving average is C$0.85 and its two-hundred day simple moving average is C$0.76. The company has a market cap of C$282.57 million, a price-to-earnings ratio of -16.00 and a beta of 1.33. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.25 and a current ratio of 30.42.

Trilogy Metals (TSE:TMQ) last issued its earnings results on Tuesday, October 8th. The company reported C($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of C($0.01). Equities research analysts anticipate that Trilogy Metals Inc. will post -0.07 EPS for the current year.

About Trilogy Metals

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.