Trilogy Metals (TSE:TMQ) Stock Price Expected to Rise, Raymond James Analyst Says

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

Trilogy Metals Stock Down 9.9 %

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

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.