Trilogy Metals (TSE:TMQ) Reaches New 1-Year High After Analyst Upgrade

Trilogy Metals Inc. (TSE:TMQ)’s stock price reached a new 52-week high 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 trading hands. The stock had previously closed at C$1.31.

Trilogy Metals Trading Up 34.4 %

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 fifty day moving average price of C$0.85 and a 200-day moving average price of C$0.76. The company has a current ratio of 30.42, a quick ratio of 5.25 and a debt-to-equity ratio of 0.02.

Trilogy Metals (TSE:TMQ) last posted its earnings results on Tuesday, October 8th. The company reported C($0.01) earnings per share for the quarter, meeting the consensus estimate of C($0.01). On average, equities research analysts predict 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.