Trilogy Metals (TSE:TMQ) Price Target Raised to C$2.00 at Raymond James

Trilogy Metals (TSE:TMQ - Get Free Report) had its price objective boosted by Raymond James from C$1.75 to C$2.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. Raymond James' price objective would indicate a potential downside of 3.85% from the stock's previous close.

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

Trilogy Metals Stock Performance

TSE TMQ traded up C$0.05 on Tuesday, hitting C$2.08. 74,804 shares of the company's stock traded hands, compared to its average volume of 25,340. The company has a current ratio of 60.98, a quick ratio of 5.25 and a debt-to-equity ratio of 0.12. Trilogy Metals has a 1-year low of C$0.34 and a 1-year high of C$2.22. The firm's 50-day moving average price is C$1.72 and its two-hundred day moving average price is C$1.23. The firm has a market capitalization of C$235.30 million, a PE ratio of -23.32 and a beta of 1.33.

About Trilogy Metals

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.