Overview
Trilogy Metals Inc. is a metals exploration and development company which holds a 50 percent interest in Ambler Metals LLC which has a 100 percent interest in the Upper Kobuk Mineral Projects in northwestern Alaska. On December 19, 2019 South32, which is a globally diversified mining and metals company, exercised its option to form a 50/50 joint venture with Trilogy. The UKMP is located within the Ambler Mining District which is one of the richest and most-prospective known copper-dominant districts located in one of the safest geopolitical jurisdictions in the world. It hosts world-class polymetallic VMS deposits that contain copper, zinc, lead, gold and silver, and carbonate replacement deposits which have been found to host high-grade copper and cobalt mineralization. Exploration efforts have been focused on two deposits in the Ambler mining district - the Arctic VMS deposit and the Bornite carbonate replacement deposit. Both deposits are located within land package that spans approximately 172,636 hectares. The Company has an agreement with NANA Regional Corporation, Inc., a Regional Alaska Native Corporation that provides a framework for the exploration and potential development of the Ambler mining district in cooperation with local communities. The vision is to develop the Ambler mining district into a premier North American copper producer.
Basic Stats
The share price of Trilogy Metals Inc. as of September 5, 2025 is $1.84 / share. This is an increase of 8.58% from the prior week. The market cap (or net worth) of Trilogy Metals Inc. as of September 5, 2025 is $301.38 MM.
The Factor Analysis chart (below right) shows a view of Trilogy Metals Inc. from a variety of lenses. Each factor shows how well the company ranks against all other companies in the Fintel global investing universe. Factor scores range from zero to 100, with 100 being most desirable, and 50 being average.
For example, a company with a Value Score of 100 would be the most undervalued company in our database. A company with a Value Score of zero would be the most overvalued.
| Market Cap | 301.38 MM |
| EV | 276.77 MM |
| Shares Out. | 164.24 MM |
| Earnings Date | |
| EPS (TTM) | -0.05 |
| Dividend Yield | |
| Ex-Dividend Date | |
| Borrow Rate | 2.91 |
| Short Shares Avail. | 3.30 MM |
| Short Interest | 0.87 MM |
| Short Float | 1.03 % |
| Days to Cover | 1.16 days |
| Risk Free Rate | 4.17 % |
| Price Change (1 yr) | 248.86 % |
| Volatility (1 yr) | 1.19 |
| Beta | 2.71 |
| Sharpe Ratio (1 yr) | 2.05 |
| Sortino Ratio (1 yr) | 5.63 |
| PE Ratio | -33.39 |
| Price/Book | 2.32 |
| Price/TBV | 2.32 |
| Book/Market | 0.43 |
| EBIT/EV | -0.03 |
| EBIT(3yr avg)/EV | -0.04 |
| ROA | -0.07 |
| ROE | -0.07 |
| ROIC | -0.07 |
| CROIC | 0.08 |
| OCROIC | -0.02 |
| Implied Volatility | 182.90 % |
| Put/Call OI Ratio | 0.03 |
Factor Scores range from 0 to 100, with 100 being most desirable. Larger circles are better. In situations where we have no data (e.g. no insider trades), we plot the score at 50 to avoid penalizing companies. However, a company that does not pay dividends will get a Dividend Score of Zero. Additionally, we inverted volatility to create a "stability" metric which is better when higher.
Price Target
The average one-year price target for Trilogy Metals Inc. is $1.81. The forecasts range from a low of $1.61 to a high of $2.23. A stock’s price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings. Analysts typically set price targets that correspond to their buy or sell recommendations.
Update Frequency: Monthly
Stock Upgrades/Downgrades
This card shows analyst upgrades/downgrades for Trilogy Metals Inc.. An analyst rating is a classification that gives investors a sense of analyst sentiment about the direction and performance of an equity - usually a stock - over a period of time, typically 12 months.
The standard analyst ratings are generally as follows:
- Buy/Overweight/Outperform - Any of these ratings conveys an analyst’s belief that the stock is likely to outperform a market index (e.g. the S&P 500).
- Hold/Equal-Weight/Market Perform - Any of these ratings conveys an analyst’s belief that the stock is likely to perform in line with a market index.
- Sell/Underweight/Underperform - Any of these ratings suggest that an analyst believes the stock is likely to underperform a market index.
When an analyst upgrades a stock, they are signaling that the company’s fundamentals are being undervalued by investors. It could also mean they believe the market is underestimating the company’s potential. The opposite is true when a stock receives a downgrade.
The average rating of each individual analyst’s rating is the consensus rating for a stock. This gives investors a broader sense of the overall sentiment for that stock.
| Date | Analyst | Prior | Latest Recommendation |
Action |
|---|---|---|---|---|
| 2023-10-20 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2023-10-16 | TD SECURITIES | Hold | Hold | Maintains |
| 2023-10-11 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2023-06-09 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2023-06-08 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2023-06-02 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2023-06-01 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2023-05-25 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2023-05-24 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2023-05-02 | TD SECURITIES | Buy | Hold | Downgrade |
| 2023-05-01 | TD SECURITIES | Buy | Hold | Downgrade |
| 2023-04-06 | TD SECURITIES | Buy | Hold | Downgrade |
| 2023-04-06 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2023-02-14 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2022-11-24 | Scotiabank Capital | Sector Perform | Maintains | |
| 2022-06-09 | STA Research | Buy | Maintains | |
| 2022-06-09 | Scotiabank Capital | Sector Perform | Maintains | |
| 2022-05-19 | Scotiabank Capital | Sector Perform | Maintains | |
| 2022-04-21 | STA Research | Buy | Reiterate | |
| 2022-04-21 | Scotiabank Capital | Sector Perform | Maintains | |
| 2022-04-06 | Scotiabank Capital | Sector Perform | Maintains | |
| 2022-03-18 | Scotiabank Capital | Sector Perform | Maintains | |
| 2022-02-23 | TD SECURITIES | Hold | Buy | Upgrade |
| 2022-02-22 | TD SECURITIES | Hold | Buy | Upgrade |
| 2022-02-08 | Scotiabank Capital | Sector Perform | Maintains | |
| 2022-02-07 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2022-02-06 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2022-01-21 | Raymond James Financial | Outperform | Initiate | |
| 2022-01-21 | Scotiabank Capital | Sector Perform | Initiate | |
| 2022-01-12 | Scotiabank Capital | Sector Perform | Initiate | |
| 2021-12-23 | TD Research | Speculative Buy | Initiate | |
| 2021-12-17 | Scotiabank Capital | Sector Perform | Initiate | |
| 2021-11-23 | TD SECURITIES | Hold | Hold | Maintains |
| 2021-11-22 | TD SECURITIES | Hold | Hold | Maintains |
| 2021-06-30 | TD Securities | Hold | Maintains | |
| 2021-02-17 | Raymond James Financial | Outperform | Maintains | |
| 2020-12-16 | TD Securities | 3 | 3.25 | Upgrade |
| 2020-07-24 | TD Securities | Speculative Buy | Hold | Downgrade |
| 2020-07-10 | Roth Capital | Buy | Reiterate | |
| 2020-03-30 | TD Securities | Hold | Speculative Buy | Upgrade |
| 2020-01-10 | TD Securities | Speculative Buy | Hold | Downgrade |
| 2019-10-18 | Raymond James Financial | Outperform | Initiate | |
| 2019-07-23 | Cormark Securities | 4.25 | 4 | Downgrade |
| 2019-07-04 | Cormark Securities | 4 | 4.25 | Upgrade |
| 2019-04-01 | National Bank Financial | Outperform | Initiate | |
| 2018-11-20 | Cormark Securities | 3 | 3.25 | Upgrade |
| 2018-03-02 | Fundamental Research | Buy | Initiate | |
| 2018-01-10 | Fundamental Research | Buy | Initiate | |
| 2017-12-28 | Fundamental Research | Buy | Initiate | |
| 2024-04-28 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2024-04-22 | TD COWEN | Buy | Buy | Maintains |
| 2024-04-17 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2024-02-08 | TD SECURITIES | Hold | Hold | Maintains |
| 2023-10-19 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2023-10-15 | TD SECURITIES | Hold | Hold | Maintains |
| 2023-10-10 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2025-04-01 | TD COWEN | Hold | Hold | Maintains |
| 2025-03-25 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2024-11-13 | TD COWEN | Buy | Hold | Downgrade |
| 2025-07-15 | TD COWEN | Hold | Hold | Maintains |
