Raymond James Forecasts Strong Price Appreciation for Trilogy Metals (TSE:TMQ) Stock

Trilogy Metals (TSE:TMQ) had its price target hoisted by Raymond James from C$2.00 to C$2.50 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. Raymond James’ target price points to a potential downside of 5.66% from the stock’s previous close.

Trilogy Metals Price Performance

Shares of TMQ opened at C$2.65 on Monday. The firm has a market capitalization of C$299.78 million, a price-to-earnings ratio of -29.72 and a beta of 1.33. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.25 and a current ratio of 60.98. The stock’s fifty day moving average is C$1.99 and its 200-day moving average is C$1.48. Trilogy Metals has a one year low of C$0.34 and a one year high of C$2.98.

About Trilogy Metals

Trilogy Metals Inc is an exploration stage company engaged in mineral exploration. The company focuses on exploring and developing its mineral resource properties, which include the Upper Kobuk Mineral Projects (UKMP or UKMP Projects), in the Ambler mining district located in Alaska, the United States.