Trilogy Metals (TSE:TMQ) Lowered to “Hold” at TD Securities

TD Securities lowered shares of Trilogy Metals (TSE:TMQ) from a buy rating to a hold rating in a research report report published on Thursday morning, Marketbeat reports. The brokerage currently has C$0.75 price objective on the stock.

Separately, Raymond James lowered Trilogy Metals from an outperform rating to a market perform rating and lowered their price target for the company from C$1.25 to C$1.00 in a report on Tuesday, April 23rd.

Trilogy Metals Price Performance

Shares of TMQ stock opened at C$0.76 on Thursday. The firm has a market capitalization of C$121.73 million, a P/E ratio of -6.33 and a beta of 1.16. Trilogy Metals has a 52-week low of C$0.34 and a 52-week high of C$0.82. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.25 and a current ratio of 4.64. The stock has a 50 day moving average price of C$0.66 and a 200 day moving average price of C$0.64.

Insider Activity

In related news, Senior Officer Elaine Sanders sold 53,454 shares of the company’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of C$0.49, for a total transaction of C$26,192.46. Company insiders own 18.33% of the company’s stock.

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.