Raymond James Lowers Trilogy Metals (TSE:TMQ) to Market Perform

Raymond James lowered shares of Trilogy Metals (TSE:TMQ) from an outperform rating to a market perform rating in a research note issued to investors on Tuesday, BayStreet.CA reports. The firm currently has C$1.00 price target on the stock, down from their previous price target of C$1.25.

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

Trilogy Metals Price Performance

Shares of Trilogy Metals stock opened at C$0.59 on Tuesday. The company has a quick ratio of 5.25, a current ratio of 6.20 and a debt-to-equity ratio of 0.02. The company has a market cap of C$94.25 million, a PE ratio of -4.00 and a beta of 1.09. The business has a 50 day moving average of C$0.63 and a 200 day moving average of C$0.62. Trilogy Metals has a 52 week low of C$0.34 and a 52 week high of C$0.93.

Trilogy Metals (TSE:TMQ) last posted its quarterly earnings data 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 forecast that Trilogy Metals will post -0.07 earnings per share for the current year.

Insider Buying and Selling at Trilogy Metals

In other news, Senior Officer Elaine Sanders sold 56,885 shares of Trilogy Metals stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of C$0.46, for a total value of C$26,195.54. Insiders sold 72,351 shares of company stock worth $33,085 in the last quarter. 17.12% of the stock is owned by corporate 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.