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

Trilogy Metals Inc. (TSE:TMQ)’s share 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 Stock Up 37.4 %

The firm’s 50-day moving average price is C$0.83 and its 200 day moving average price is C$0.75. The firm has a market cap of C$288.99 million, a P/E ratio of -15.36 and a beta of 1.33. The company has a debt-to-equity ratio of 0.02, a current ratio of 30.42 and a quick ratio of 5.25.

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