Cantor Fitzgerald upgraded Trilogy Metals (TMQ) to Buy from Speculative with a price target of $10, up from $3, after the U.S. Department of War announced it was acquiring a 10% equity stake with a $35.6M investment. After the U.S. took the stake, the firm is re-pricing its expectations for future financings with a higher Trilogy share price and less future equity dilution, the analyst tells investors.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TMQ:
- Why Is Trilogy Metals Stock (TMQ) Soaring Today?
- IBM partners with Anthropic, Dell boosts long-term view: Morning Buzz
- Trump Trade: U.S. acquires 10% stake in Trilogy Metals
- Trilogy Metals price target raised to C$5.50 from C$2.25 at TD Securities
- Morning Movers: IntercontinentalExchange up after $2B investment in Polymarket