Trilogy Metals (TSE:TMQ) Hits New 52-Week High – Time to Buy?

Trilogy Metals Inc. (TSE:TMQ)’s share price reached a new 52-week high on Thursday . The stock traded as high as C$1.93 and last traded at C$1.83, with a volume of 166864 shares changing hands. The stock had previously closed at C$1.60.

Wall Street Analysts Forecast Growth

Separately, TD Securities increased their target price on shares of Trilogy Metals from C$0.75 to C$1.50 and gave the stock a “hold” rating in a report on Friday, November 15th.

Trilogy Metals Price Performance

The company has a market capitalization of C$293.81 million, a P/E ratio of -16.64 and a beta of 1.33. The company’s 50-day moving average price is C$0.91 and its two-hundred day moving average price is C$0.79. The company has a debt-to-equity ratio of 0.02, a current ratio of 30.42 and a quick ratio of 5.25.

Trilogy Metals (TSE:TMQ) last released its quarterly earnings results on Tuesday, October 8th. The company reported C($0.01) EPS for the quarter, hitting analysts’ consensus estimates of C($0.01). As a group, sell-side analysts expect that Trilogy Metals Inc. will post -0.07 EPS for the current year.

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.