Trilogy Metals (TMQ) AI Stock Analysis

• Market Cap: C$1.34B
• Dividend Yield: N/A
• Average Volume (3M): 640.45K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.89
• Revenue Growth: N/A
• EPS Growth: 7.70%
• Country: CA
• Employees: 5
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.01
• Shares Outstanding: 171,059,890
• 10 Day Avg. Volume: 412,486
• 30 Day Avg. Volume: 640,447
• PEG Ratio: 0.46
• Price to Book (P/B): 1.37
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -99.81
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$7.17
• Price Target Upside: -9.16% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: C$6.00 ▼(-23.95% Downside)

The score is held back primarily by ongoing losses, no revenue, and continued cash burn, despite a strong low-debt balance sheet. Technicals are mixed with near-term softness but a longer-term uptrend, while recent corporate events are a meaningful positive due to improved funding and project advancement signals. Valuation is less informative given negative earnings and no dividend yield.

Trilogy Metals Business Overview & Revenue Model

Company Description

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. The company was formerly known as NovaCopper Inc. and changed its name to Trilogy Metals Inc. in September 2016. Trilogy Metals Inc. was founded in 2004 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Trilogy Metals generates revenue through the exploration and development of its mineral resource properties, primarily focusing on copper and polymetallic deposits. The company makes money by advancing these projects through exploration, resource definition, and feasibility studies, eventually leading to potential mining operations or partnerships. A significant portion of Trilogy Metals' financial strategy involves forming strategic partnerships and joint ventures, such as the Ambler Metals LLC joint venture with South32, which provides funding and resources to advance their projects. Revenue is primarily realized through the development and sale of mineral resources or through potential royalties and interests from joint ventures and partnerships.

Trilogy Metals Financial Statement Overview

Summary

Trilogy Metals faces significant operational challenges with no revenue generation and ongoing losses, impacting its income statement adversely. The balance sheet reveals strong equity and low debt, providing some financial cushion. However, negative cash flows suggest potential liquidity concerns, necessitating strategic changes to improve financial health.

Income Statement

Trilogy Metals has reported zero revenue across all periods, indicating a lack of sales activity. The company consistently incurs substantial net losses, with TTM net income at -$8.609 million. EBIT and EBITDA margins are negative due to ongoing operating losses, reflecting a challenging financial position.

Balance Sheet

The company maintains a strong equity position with an equity ratio of 99.4% in the TTM, indicating financial stability and low leverage. The debt-to-equity ratio is minimal at 0.001, suggesting limited reliance on debt financing. Despite the absence of revenue, the company holds substantial cash reserves, enhancing its liquidity.

Cash Flow

Operating cash flows are negative, with a TTM operating cash flow of -$1.997 million, indicating cash burn. However, positive investing cash flows from asset sales or financing offset this partially. Free cash flow remains negative, highlighting potential sustainability issues without external financing.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00	0.00	-1.54M
EBITDA	-8.16M	-6.62M	-7.08M	-6.74M	-7.96M	-11.48M
Net Income	-9.18M	-8.59M	-14.95M	-24.26M	-21.68M	161.77M
Balance Sheet
Total Assets	129.12M	133.70M	138.02M	146.00M	167.31M	185.26M
Cash, Cash Equivalents and Short-Term Investments	23.72M	25.83M	2.85M	2.89M	6.31M	11.13M
Total Debt	122.00K	147.00K	33.00K	222.00K	414.00K	566.00K
Total Liabilities	456.00K	903.00K	465.00K	567.00K	1.27M	1.45M
Stockholders Equity	128.66M	132.79M	137.56M	145.43M	166.04M	183.81M
Cash Flow
Free Cash Flow	-2.66M	-1.83M	-3.09M	-3.94M	-5.24M	-8.25M
Operating Cash Flow	-2.66M	-1.83M	-3.09M	-3.94M	-5.12M	-8.25M
Investing Cash Flow	0.00	25.00M	0.00	142.00K	-119.00K	0.00
Financing Cash Flow	298.00K	74.00K	3.12M	54.00K	416.00K	217.00K

Trilogy Metals Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 7.89
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TMQ, the sentiment is Positive. The current price of 7.89 is above the 20-day moving average (MA) of 6.63, above the 50-day MA of 6.18, and above the 200-day MA of 3.78, indicating a bullish trend. The MACD of 0.34 indicates Negative momentum. The RSI at 69.81 is Neutral, neither overbought nor oversold. The STOCH value of 83.08 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:TMQ.

Trilogy Metals Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FVL	62 Neutral	C$879.81M	-785.00	-0.62%	―	―	41.18%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
PMET	59 Neutral	C$1.10B	-190.78	-1.89%	―	―	-7040.00%
TMQ	54 Neutral	C$1.34B	-99.75	-7.00%	―	―	7.70%
OCO	53 Neutral	C$137.18M	-41.09	-3.75%	―	―	29.51%
WRN	52 Neutral	C$957.75M	-247.87	-1.92%	―	―	41.98%
UCU	50 Neutral	C$951.24M	-23.31	-75.16%	―	―	-58.77%

Trilogy Metals Corporate Events

Trilogy Metals Unveils 2026 Ambler Metals Budget and Strategic Plans

Trilogy Metals has announced its 2026 program and budget for Ambler Metals LLC, highlighting significant plans to advance the Upper Kobuk Mineral Projects in Alaska through permitting, drilling, and technical development. With a $35 million budget for Ambler Metals and an additional strategic investment from the U.S. federal government, the joint venture aims to finalize mine designs, ensure regulatory readiness, and strengthen local community engagement, which positions Trilogy Metals as a key player in developing strategic mineral resources crucial for infrastructure goals.

The most recent analyst rating on (TSE:TMQ) stock is a Hold with a C$5.75 price target. To see the full list of analyst forecasts on Trilogy Metals stock, see the TSE:TMQ Stock Forecast page.

Trilogy Metals Secures Strategic Investment from U.S. Department of War

Trilogy Metals Inc. has announced a strategic investment from the U.S. Department of War, which will invest approximately $35.6 million to advance the exploration and development of the Upper Kobuk Mineral Projects (UKMP). This investment highlights the strategic importance of the UKMP in supporting U.S. energy, technology, and national security priorities. The agreement includes the Department of War acquiring a 10% stake in Trilogy Metals and facilitating the construction of the Ambler Access Project, a critical infrastructure component for the development of the company’s mineral projects. This partnership is expected to enhance Trilogy Metals’ operational capabilities and strengthen its position in the mining industry, while also contributing to a secure domestic supply of critical minerals for the United States.

The most recent analyst rating on (TSE:TMQ) stock is a Hold with a C$2.25 price target. To see the full list of analyst forecasts on Trilogy Metals stock, see the TSE:TMQ Stock Forecast page.