Trilogy Metals (TSE:TMQ) Downgraded by Raymond James to Market Perform

Raymond James lowered shares of Trilogy Metals (TSE:TMQ) from an outperform rating to a market perform rating in a research report sent to investors on Tuesday morning, BayStreet.CA reports. Raymond James currently has C$1.00 price objective on the stock, down from their previous price objective of C$1.25.

Separately, National Bankshares cut their target price on shares of Trilogy Metals from C$1.00 to C$0.75 and set a sector perform rating for the company in a research report on Monday, January 8th.

Trilogy Metals Price Performance

Shares of TMQ opened at C$0.55 on Tuesday. The company has a market capitalization of C$87.86 million, a P/E ratio of -4.00 and a beta of 1.09. The company has a quick ratio of 5.25, a current ratio of 6.20 and a debt-to-equity ratio of 0.02. The firm has a 50 day moving average of C$0.63 and a 200 day moving average of C$0.62. Trilogy Metals has a twelve month low of C$0.34 and a twelve month high of C$0.93.

Trilogy Metals (TSE:TMQ) last announced its quarterly earnings results on Friday, February 9th. The company reported C($0.01) earnings per share for the quarter, meeting the consensus estimate of C($0.01). As a group, equities research analysts anticipate that Trilogy Metals will post -0.07 earnings per share for the current fiscal year.

Insider Transactions at Trilogy Metals

In related news, Senior Officer Elaine Sanders sold 56,885 shares of Trilogy Metals stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of C$0.46, for a total transaction of C$26,195.54. Insiders have sold 72,351 shares of company stock worth $33,085 in the last 90 days. 17.12% of the stock is currently owned by insiders.

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.