TD Securities Cuts Trilogy Metals (TSE:TMQ) Price Target to C$3.50

Trilogy Metals (TSE:TMQ) had its target price trimmed by TD Securities from C$3.75 to C$3.50 in a research report report published on Tuesday morning, BayStreet.CA reports. The firm currently has a hold rating on the stock.

TMQ has been the topic of a number of other research reports. National Bankshares lowered their target price on Trilogy Metals from C$4.75 to C$4.25 and set an outperform rating on the stock in a research note on Friday, September 10th. National Bank Financial lowered their price target on Trilogy Metals to C$4.25 and set an outperform rating on the stock in a research report on Friday, September 10th.

Shares of TMQ opened at C$2.38 on Tuesday. Trilogy Metals has a 52 week low of C$2.14 and a 52 week high of C$3.70. The company has a quick ratio of 13.06, a current ratio of 13.06 and a debt-to-equity ratio of 0.27. The company has a market capitalization of C$343.79 million and a price-to-earnings ratio of -14.42. The stock’s 50-day moving average price is C$2.41 and its 200-day moving average price is C$2.75.

Trilogy Metals (TSE:TMQ) last issued its earnings results on Tuesday, October 5th. The company reported C($0.06) EPS for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.05). As a group, equities analysts anticipate that Trilogy Metals will post -0.07 EPS for the current fiscal year.

In other Trilogy Metals news, Senior Officer Elaine Sanders sold 125,000 shares of the stock in a transaction that occurred on Thursday, October 14th. The stock was sold at an average price of C$2.75, for a total transaction of C$343,200.00. Following the completion of the transaction, the insider now owns 1,476,874 shares of the company’s stock, valued at C$4,054,905.25. Also, Director Janice Alayne Stairs sold 12,835 shares of the firm’s stock in a transaction on Wednesday, November 3rd. The stock was sold at an average price of C$2.45, for a total value of C$31,482.97. Following the sale, the director now directly owns 285,823 shares of the company’s stock, valued at approximately C$701,095.24. Insiders have sold 138,235 shares of company stock worth $375,659 in the last quarter.

Trilogy Metals Company Profile

Trilogy Metals Inc, a base metals exploration company, explores for and develops mineral properties in the United States. 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 426,690 acres located in the Ambler mining district in Northwest Alaska.

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