TMQ Stock Analysis: Trilogy Metals | NYSE MKT
Other Industrial Metals & Mining | NYSE MKT, USA | Market Cap: 588m USD | 12M Return: 93.4% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 6.06M
Qual. Beats: 0
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Trilogy Metals Inc. (TMQ) is a Canadian-domiciled mineral exploration and development company with assets located in the United States. It primarily explores for copper, cobalt, lead, zinc, gold, and silver, with its core holdings being the Upper Kobuk mineral projects in the Ambler mining district of Northwest Alaska. These include the Arctic project, which hosts polymetallic volcanogenic massive sulfide (VMS) deposits, and the Bornite project, a carbonate-hosted copper-cobalt deposit covering a large land position in the region.
Founded in 2004 and headquartered in Vancouver, the company previously operated as NovaCopper Inc. before rebranding in September 2016. Within the GICS Materials sector and the Diversified Metals & Mining sub-industry, junior exploration companies like TMQ typically follow a long, capital-intensive lifecycle-progressing from grassroots exploration through drilling, resource definition, feasibility studies, permitting, and ultimately mine construction-relying on equity and partner financing rather than operating cash flow until a project reaches production.
- Ambler Road permitting decision advances Arctic project timeline
- Copper price rally boosts polymetallic deposit economics
- South32 JV partnership funds continued Bornite drilling
| Net Income: error (cannot be calculated; needs Net Income TTM and Revenue TTM) |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA -1.88 > 1.0 |
| NWC/Revenue: error (cannot be calculated; needs Current Assets/Liabilities and Revenue current+prev) |
| CFO/TA -0.03 > 3% & CFO -5.24m > Net Income -45.7m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 1.46 > 1.5 & < 3 |
| Outstanding Shares: last quarter (171.9m) vs 12m ago 5.59% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 0.0% > 50% (prev 0.01%; Δ -0.01% > 0%) |
| Interest Coverage Ratio: -0.33 > 6 (EBIT TTM -10.9m / Interest Expense TTM 32.8m) |
| A: 0.10 (Total Current Assets 48.0m - Total Current Liabilities 33.0m) / Total Assets 154.5m |
| B: -0.90 (Retained Earnings -139.7m / Total Assets 154.5m) |
| C: -0.08 (EBIT TTM -10.9m / Avg Total Assets 143.5m) |
| D: 3.67 (Book Value of Equity 121.5m / Total Liabilities 33.1m) |
| Altman-Z'' = 1.04 = BB |
As of July 11, 2026, the stock is trading at USD 3.23 with a total of 796,392 shares traded. Over the past week, the price has changed by -5.28%, over one month by -8.76%, over three months by -16.75% and over the past year by +93.41%.
Current recommended Stop Loss: 2.90 (which is 10.2% or 1.4 ATR below the current price).
Trilogy Metals has received a consensus analysts rating of 3.50. Therefore, it is recommended to hold TMQ.
- StrongBuy: 0
- Buy: 3
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 7 | 117.6% |
P/B = 4.8433
Revenue TTM = 0.0 USD
EBIT TTM = -10.9m USD
EBITDA TTM = -10.9m USD
Long Term Debt = 60.0k USD (estimated: total debt 103k - short term 43.0k)
Short Term Debt = 43.0k USD (from shortTermDebt, last quarter)
Debt = 103k USD (from shortLongTermDebtTotal, last quarter) (leases 103k already included)
Net Debt = -47.7m USD (calculated: Debt 103k - CCE 47.8m)
Enterprise Value = 540.7m USD (588.4m + Debt 103k - CCE 47.8m)
Interest Coverage Ratio = -0.33 (Ebit TTM -10.9m / Interest Expense TTM 32.8m)
EV/FCF = -103.2x (Enterprise Value 540.7m / FCF TTM -5.24m)
FCF Yield = -0.97% (FCF TTM -5.24m / Enterprise Value 540.7m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = 3.50 (Enterprise Value 540.7m / Total Assets 154.5m)
Interest Expense / Debt = 31.8k% (Interest Expense 32.8m / Debt 103k)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -8.59m (EBIT -10.9m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.46 (Total Current Assets 48.0m / Total Current Liabilities 33.0m)
Debt / Equity = 0.00 (Debt 103k / totalStockholderEquity, last quarter 121.5m)
Debt / EBITDA = 4.38 (negative EBITDA) (Net Debt -47.7m / EBITDA -10.9m)
Debt / FCF = 9.10 (negative FCF - burning cash) (Net Debt -47.7m / FCF TTM -5.24m)
Total Stockholder Equity = 126.1m (last 4 quarters mean from totalStockholderEquity)
RoA = -31.84% (Net Income -45.7m / Total Assets 154.5m)
RoE = -36.23% (Net Income TTM -45.7m / Total Stockholder Equity 126.1m)
RoCE = -8.63% (EBIT -10.9m / Capital Employed (Equity 126.1m + L.T.Debt 60.0k))
RoIC = -7.07% (negative operating profit) (NOPAT -8.59m / Invested Capital 121.6m)
WACC = 11.76% (E(588.4m)/V(588.5m) * Re(11.76%) + (debt cost/tax rate unavailable))
Discount Rate = 11.76% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 98.88 | Cagr: 4.44%
[DCF] Fair Price = unknown (Cash Flow -5.24m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.34 | # QB: 0
Revenue Correlation: N/A | Revenue CAGR: N/A | SUE: 0.0 | # QB: 0
EPS current Quarter (2026-05-31): EPS=-0.03 | Chg30d=N/A | Revisions=+0% | Analysts=1
EPS next Quarter (2026-08-31): EPS=-0.04 | Chg30d=+2.38% | Revisions=+0% | Analysts=1
EPS current Year (2026-11-30): EPS=-0.15 | Chg30d=+0.65% | Revisions=-25% | GrowthEPS=-59.0% | GrowthRev=+0.0%
EPS next Year (2027-11-30): EPS=-0.11 | Chg30d=+0.90% | Revisions=+25% | GrowthEPS=+27.6% | GrowthRev=+0.0%