TD Securities Issues Positive Forecast for Trilogy Metals (TSE:TMQ) Stock Price

Trilogy Metals (TSE:TMQ) had its price target lifted by TD Securities from C$0.75 to C$1.50 in a research report sent to investors on Friday,BayStreet.CA reports. They currently have a hold rating on the stock.

Trilogy Metals Stock Performance

Trilogy Metals stock traded up C$0.45 during trading on Friday, reaching C$1.76. The company had a trading volume of 369,698 shares, compared to its average volume of 28,278. The firm has a market capitalization of C$282.57 million, a price-to-earnings ratio of -16.00 and a beta of 1.33. The company has a current ratio of 30.42, a quick ratio of 5.25 and a debt-to-equity ratio of 0.02. The firm’s 50-day simple moving average is C$0.85 and its 200 day simple moving average is C$0.76. Trilogy Metals has a 52 week low of C$0.34 and a 52 week high of C$1.85.

Trilogy Metals (TSE:TMQ) last posted its quarterly earnings data on Tuesday, October 8th. The company reported C($0.01) EPS for the quarter, hitting the consensus estimate of C($0.01). Sell-side analysts forecast that Trilogy Metals will post -0.07 earnings per share for the current fiscal year.

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.