Shares of Trilogy Metals Inc. (TSE:TMQ – Get Rating) have been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$1.60.
Several analysts have weighed in on the company. Raymond James lowered their price target on Trilogy Metals from C$3.00 to C$2.25 and set an “outperform” rating on the stock in a report on Thursday, July 7th. TD Securities decreased their price target on Trilogy Metals from C$1.30 to C$1.15 and set a “hold” rating on the stock in a research note on Thursday. National Bank Financial reiterated a “sector perform spec overwgt” rating on shares of Trilogy Metals in a research report on Sunday, June 12th. Scotiabank cut their price objective on Trilogy Metals from C$2.50 to C$1.50 in a research report on Wednesday. Finally, National Bankshares cut their price objective on Trilogy Metals from C$1.75 to C$1.35 in a research report on Wednesday, July 6th.
Insiders Place Their Bets
In other Trilogy Metals news, Senior Officer Elaine Sanders sold 29,000 shares of the business’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of C$0.88, for a total value of C$25,520.00. Following the sale, the insider now directly owns 1,604,564 shares of the company’s stock, valued at C$1,412,016.32.
Trilogy Metals Stock Up 1.2 %
Trilogy Metals (TSE:TMQ – Get Rating) last issued its earnings results on Wednesday, July 6th. The company reported C($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.03). As a group, analysts forecast that Trilogy Metals will post -0.06 earnings per share for the current fiscal year.
About Trilogy Metals
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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