Symbols / TMQ
TMQ Chart
About
Trilogy Metals Inc. engages in the exploration and development of mineral properties in the United States. It primarily explores copper, cobalt, lead, zinc, gold, and silver properties. The company 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. 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.
Fundamentals
Scroll to Statements| Sector | Basic Materials | Industry | Other Industrial Metals | Market Cap | 749.24M |
| Enterprise Value | 704.05M | Income | -42.24M | Sales | — |
| Book/sh | 0.73 | Cash/sh | 0.30 | Dividend Yield | — |
| Payout | 0.00% | Employees | 5 | IPO | — |
| P/E | — | Forward P/E | -54.53 | PEG | — |
| P/S | — | P/B | 6.03 | P/C | — |
| EV/EBITDA | -75.92 | EV/Sales | — | Quick Ratio | 1.57 |
| Current Ratio | 1.57 | Debt/Eq | 0.09 | LT Debt/Eq | — |
| EPS (ttm) | -0.06 | EPS next Y | -0.08 | EPS Growth | — |
| Revenue Growth | — | Earnings | 2026-04-02 | ROA | -3.98% |
| ROE | -32.88% | ROIC | — | Gross Margin | 0.00% |
| Oper. Margin | 0.00% | Profit Margin | 0.00% | Shs Outstand | 171.06M |
| Shs Float | 106.68M | Short Float | 9.89% | Short Ratio | 1.70 |
| Short Interest | — | 52W High | 11.29 | 52W Low | 1.13 |
| Beta | 1.74 | Avg Volume | 5.00M | Volume | 4.07M |
| Target Price | $7.84 | Recom | Buy | Prev Close | $4.01 |
| Price | $4.38 | Change | 9.23% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$7.84
Mean price target
2. Current target
$4.38
Latest analyst target
3. DCF / Fair value
$3.13
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$4.38
Low
$5.50
High
$10.18
Mean
$7.84
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2021-02-16 | main | Roth Capital | — → Buy | $4 |
| 2020-01-10 | down | TD Securities | Speculative Buy → Hold | — |
News
RSS: Latest TMQ news- New leaders join Alaska Ambler Metals venture for critical minerals push - Stock Titan Mon, 23 Feb 2026 11
- (TMQ) Stock Market Analysis (TMQ:CA) - Stock Traders Daily Mon, 23 Feb 2026 19
- Why Trilogy Metals Stock Is Crashing This Week - The Motley Fool hu, 19 Feb 2026 18
- Why Trilogy Metals (TSX:TMQ) Is Up 10.4% After Bolstering Its Alaska Project Leadership Team - Yahoo Finance Sat, 24 Jan 2026 08
- $TMQ stock is down 12% today. Here's what we see in our data. - Quiver Quantitative ue, 17 Feb 2026 19
- Trump Equity Stakes: Trilogy Metals Went From Nowhere To $1 Billion - Investor's Business Daily ue, 07 Oct 2025 07
- Why Trilogy Metals Stock Tanked by Almost 12% Today - Nasdaq Wed, 18 Feb 2026 00
- U.S. puts $17.8M into Alaska copper JV as Trilogy posts deeper loss - Stock Titan ue, 17 Feb 2026 11
- Did US$35.6 Million in Federal Support Just Shift Trilogy Metals' (TSX:TMQ) Investment Narrative? - Yahoo Finance Fri, 19 Dec 2025 08
- $TMQ stock is up 8% today. Here's what we see in our data. - Quiver Quantitative ue, 03 Feb 2026 08
- Is Trilogy Metals (TSX:TMQ) Overvalued After Recent Gains? A Fresh Look at Its Valuation - Yahoo Finance Sun, 12 Oct 2025 07
- Trilogy Metals (NYSE American: TMQ) enters $200M ATM; Cantor, BMO as agents through 2028 - Stock Titan Fri, 07 Nov 2025 08
- Assessing Trilogy Metals (TSX:TMQ) Valuation After Leadership Changes And US Federal Project Support - Yahoo Finance Wed, 28 Jan 2026 08
- $35.6M Investment — Trilogy Metals Gains U.S. Government 10% Stake to Advance Ambler Road & UKMP - Stock Titan Mon, 06 Oct 2025 07
- Assessing Trilogy Metals (TSX:TMQ) Valuation After US Backing for Ambler Program and 2026 Budget Unveiling - Yahoo Finance Wed, 17 Dec 2025 08
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 957072 | — | — | Stock Gift at price 0.00 per share. | KAPLAN THOMAS SCOTT | Beneficial Owner of more than 10% of a Class of Security | — | 2025-12-26 00:00:00 | D/I |
| 1 | 15000 | nan | — | — | SANDERS ELAINE | Chief Financial Officer | — | 2025-12-11 00:00:00 | D |
| 2 | 60000 | nan | — | — | GIARDINI TONY S | Chief Executive Officer | — | 2025-12-11 00:00:00 | D |
| 3 | 45000 | — | — | Stock Gift at price 0.00 per share. | LANG GREGORY A | Director | — | 2025-12-05 00:00:00 | D |
| 4 | 70000 | 333100.0 | — | Sale at price 4.73 - 4.77 per share. | LANG GREGORY A | Director | — | 2025-12-05 00:00:00 | D |
| 5 | 50000 | 91000.0 | — | Conversion of Exercise of derivative security at price 1.82 per share. | LANG GREGORY A | Director | — | 2025-12-05 00:00:00 | D |
| 6 | 183334 | nan | — | — | SANDERS ELAINE | Chief Financial Officer | — | 2025-12-05 00:00:00 | D |
| 7 | 366668 | nan | — | — | GIARDINI TONY S | Chief Executive Officer | — | 2025-12-05 00:00:00 | D |
| 8 | 1123400 | 2010886.0 | — | Conversion of Exercise of derivative security at price 1.79 per share. | GIARDINI TONY S | Chief Executive Officer | — | 2025-10-16 00:00:00 | D |
| 9 | 100000 | 750000.0 | — | Sale at price 7.50 per share. | GOWANS JAMES K | Director | — | 2025-10-16 00:00:00 | D |
Financials
| Line Item | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | 0.00 | 0.00 | 0.00 | 0.00 |
| TaxRateForCalcs | 0.00 | 0.00 | 0.00 | 0.00 |
| NormalizedEBITDA | -6.70M | -7.21M | -6.94M | -8.52M |
| TotalUnusualItems | 1.00K | -5.00K | 12.00K | -36.00K |
| TotalUnusualItemsExcludingGoodwill | 1.00K | -5.00K | 12.00K | -36.00K |
| NetIncomeFromContinuingOperationNetMinorityInterest | -8.59M | -14.95M | -24.26M | -21.66M |
| ReconciledDepreciation | 4.00K | 8.00K | 17.00K | 21.00K |
| ReconciledCostOfRevenue | 4.00K | 8.00K | 17.00K | 21.00K |
| EBITDA | -6.70M | -7.21M | -6.93M | -8.56M |
| EBIT | -6.70M | -7.22M | -6.94M | -8.58M |
| NetInterestIncome | 685.00K | 120.00K | 34.00K | 16.00K |
| InterestIncome | 685.00K | 120.00K | 34.00K | 16.00K |
| NormalizedIncome | -8.59M | -14.95M | -24.27M | -21.62M |
| NetIncomeFromContinuingAndDiscontinuedOperation | -8.59M | -14.95M | -24.26M | -21.66M |
| TotalExpenses | 6.70M | 7.22M | 6.94M | 8.58M |
| DilutedAverageShares | 159.83M | 152.65M | 145.72M | 144.43M |
| BasicAverageShares | 159.83M | 152.65M | 145.72M | 144.43M |
| DilutedEPS | -0.05 | -0.10 | -0.17 | -0.15 |
| BasicEPS | -0.05 | -0.10 | -0.17 | -0.15 |
| DilutedNIAvailtoComStockholders | -8.59M | -14.95M | -24.26M | -21.66M |
| NetIncomeCommonStockholders | -8.59M | -14.95M | -24.26M | -21.66M |
| NetIncome | -8.59M | -14.95M | -24.26M | -21.66M |
| NetIncomeIncludingNoncontrollingInterests | -8.59M | -14.95M | -24.26M | -21.66M |
| NetIncomeContinuousOperations | -8.59M | -14.95M | -24.26M | -21.66M |
| PretaxIncome | -8.59M | -14.95M | -24.26M | -21.66M |
| OtherIncomeExpense | -2.57M | -7.85M | -17.35M | -13.10M |
| OtherNonOperatingIncomeExpenses | 63.00K | 22.00K | ||
| SpecialIncomeCharges | 0.00 | 0.00 | -6.00K | 0.00 |
| GainOnSaleOfPPE | 0.00 | 0.00 | 84.00K | 0.00 |
| GainOnSaleOfBusiness | 0.00 | 84.00K | 0.00 | |
| ImpairmentOfCapitalAssets | 0.00 | 0.00 | 90.00K | 0.00 |
| EarningsFromEquityInterest | -2.64M | -7.84M | -17.36M | -13.08M |
| GainOnSaleOfSecurity | 1.00K | -5.00K | 18.00K | -36.00K |
| NetNonOperatingInterestIncomeExpense | 685.00K | 120.00K | 34.00K | 16.00K |
| InterestIncomeNonOperating | 685.00K | 120.00K | 34.00K | 16.00K |
| OperatingIncome | -6.70M | -7.22M | -6.94M | -8.58M |
| OperatingExpense | 6.70M | 7.21M | 6.93M | 8.56M |
| OtherOperatingExpenses | 108.00K | 173.00K | 230.00K | 745.00K |
| DepreciationAmortizationDepletionIncomeStatement | 8.00K | 17.00K | 21.00K | |
| DepreciationAndAmortizationInIncomeStatement | 8.00K | 17.00K | 21.00K | |
| Amortization | 8.00K | 17.00K | 21.00K | |
| AmortizationOfIntangiblesIncomeStatement | 8.00K | 17.00K | 21.00K | |
| SellingGeneralAndAdministration | 6.59M | 7.04M | 6.70M | 7.81M |
| GeneralAndAdministrativeExpense | 6.59M | 7.04M | 6.70M | 7.81M |
| OtherGandA | 2.14M | 2.40M | 2.29M | 2.33M |
| SalariesAndWages | 4.45M | 4.64M | 4.41M | 5.48M |
| GrossProfit | -4.00K | -8.00K | -17.00K | -21.00K |
| CostOfRevenue | 4.00K | 8.00K | 17.00K | 21.00K |
| TotalRevenue | 0.00 | 0.00 | 0.00 | 0.00 |
| OperatingRevenue | 0.00 | 0.00 | 0.00 | 0.00 |
| Line Item | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 |
|---|---|---|---|---|
| OrdinarySharesNumber | 161.09M | 155.93M | 146.23M | 145.01M |
| ShareIssued | 161.09M | 155.93M | 146.23M | 145.01M |
| TotalDebt | 147.00K | 33.00K | 222.00K | 414.00K |
| TangibleBookValue | 132.79M | 137.56M | 145.43M | 166.04M |
| InvestedCapital | 132.79M | 137.56M | 145.43M | 166.04M |
| WorkingCapital | 25.25M | 2.42M | 2.38M | 5.58M |
| NetTangibleAssets | 132.79M | 137.56M | 145.43M | 166.04M |
| CapitalLeaseObligations | 147.00K | 33.00K | 222.00K | 414.00K |
| CommonStockEquity | 132.79M | 137.56M | 145.43M | 166.04M |
| TotalCapitalization | 132.79M | 137.56M | 145.43M | 166.04M |
| TotalEquityGrossMinorityInterest | 132.79M | 137.56M | 145.43M | 166.04M |
| StockholdersEquity | 132.79M | 137.56M | 145.43M | 166.04M |
| OtherEquityInterest | 28.80M | 28.24M | 27.35M | 25.99M |
| RetainedEarnings | -90.40M | -81.81M | -66.86M | -42.60M |
| AdditionalPaidInCapital | 3.89M | 3.25M | 2.76M | 1.83M |
| CapitalStock | 190.50M | 187.89M | 182.18M | 180.82M |
| CommonStock | 190.50M | 187.89M | 182.18M | 180.82M |
| TotalLiabilitiesNetMinorityInterest | 903.00K | 465.00K | 567.00K | 1.27M |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 110.00K | 0.00 | 33.00K | 235.00K |
| LongTermDebtAndCapitalLeaseObligation | 110.00K | 33.00K | 235.00K | |
| LongTermCapitalLeaseObligation | 110.00K | 0.00 | 33.00K | 235.00K |
| CurrentLiabilities | 793.00K | 465.00K | 534.00K | 1.03M |
| CurrentDebtAndCapitalLeaseObligation | 37.00K | 33.00K | 189.00K | 179.00K |
| CurrentCapitalLeaseObligation | 37.00K | 33.00K | 189.00K | 179.00K |
| PayablesAndAccruedExpenses | 756.00K | 432.00K | 345.00K | 852.00K |
| CurrentAccruedExpenses | 560.00K | 286.00K | 157.00K | 647.00K |
| Payables | 196.00K | 146.00K | 188.00K | 205.00K |
| AccountsPayable | 196.00K | 146.00K | 188.00K | 205.00K |
| TotalAssets | 133.70M | 138.02M | 146.00M | 167.31M |
| TotalNonCurrentAssets | 107.65M | 135.14M | 143.09M | 160.69M |
| InvestmentsAndAdvances | 107.50M | 135.02M | 142.75M | 160.06M |
| LongTermEquityInvestment | 107.50M | 135.02M | 142.75M | 160.06M |
| InvestmentsinJointVenturesatCost | 107.50M | 135.02M | 142.75M | 160.06M |
| NetPPE | 155.00K | 117.00K | 331.00K | 630.00K |
| AccumulatedDepreciation | -41.00K | -202.00K | ||
| GrossPPE | 155.00K | 117.00K | 331.00K | 832.00K |
| Leases | 53.00K | 53.00K | ||
| OtherProperties | 4.00K | 12.00K | 119.00K | |
| MachineryFurnitureEquipment | 0.00 | 178.00K | ||
| BuildingsAndImprovements | 155.00K | 113.00K | 319.00K | 482.00K |
| CurrentAssets | 26.05M | 2.88M | 2.91M | 6.61M |
| PrepaidAssets | 195.00K | 259.00K | 320.00K | 285.00K |
| Receivables | 16.00K | 33.00K | 17.00K | 19.00K |
| TaxesReceivable | 17.00K | 19.00K | ||
| AccountsReceivable | 16.00K | 33.00K | 17.00K | |
| CashCashEquivalentsAndShortTermInvestments | 25.83M | 2.59M | 2.57M | 6.31M |
| CashAndCashEquivalents | 25.83M | 2.59M | 2.57M | 6.31M |
| CashFinancial | 25.83M | 2.59M | 2.57M | 6.31M |
| Line Item | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 |
|---|---|---|---|---|
| FreeCashFlow | -1.83M | -3.09M | -3.94M | -5.12M |
| IssuanceOfCapitalStock | 0.00 | 3.12M | 0.00 | 0.00 |
| CapitalExpenditure | -119.00K | |||
| EndCashPosition | 25.83M | 2.59M | 2.57M | 6.31M |
| BeginningCashPosition | 2.59M | 2.57M | 6.31M | 11.12M |
| EffectOfExchangeRateChanges | -2.00K | -5.00K | 4.00K | 3.00K |
| ChangesInCash | 23.25M | 22.00K | -3.74M | -4.82M |
| FinancingCashFlow | 74.00K | 3.12M | 54.00K | 416.00K |
| CashFlowFromContinuingFinancingActivities | 74.00K | 3.12M | 54.00K | 416.00K |
| ProceedsFromStockOptionExercised | 74.00K | 0.00 | 54.00K | 416.00K |
| NetCommonStockIssuance | 0.00 | 3.12M | 0.00 | 0.00 |
| CommonStockIssuance | 0.00 | 3.12M | 0.00 | 0.00 |
| InvestingCashFlow | 25.00M | 0.00 | 142.00K | -119.00K |
| CashFlowFromContinuingInvestingActivities | 25.00M | 0.00 | 142.00K | 0.00 |
| NetOtherInvestingChanges | -119.00K | |||
| NetBusinessPurchaseAndSale | 25.00M | 0.00 | 0.00 | |
| SaleOfBusiness | 25.00M | 0.00 | 0.00 | |
| NetPPEPurchaseAndSale | 0.00 | 0.00 | 142.00K | 0.00 |
| SaleOfPPE | 0.00 | 0.00 | 142.00K | 0.00 |
| PurchaseOfPPE | 0.00 | -119.00K | ||
| OperatingCashFlow | -1.83M | -3.09M | -3.94M | -5.12M |
| CashFlowFromContinuingOperatingActivities | -1.83M | -3.09M | -3.94M | -5.12M |
| ChangeInWorkingCapital | 405.00K | 4.00K | -568.00K | -27.00K |
| ChangeInPayablesAndAccruedExpense | 324.00K | -64.00K | -506.00K | -36.00K |
| ChangeInPrepaidAssets | 64.00K | 61.00K | -64.00K | -101.00K |
| ChangeInReceivables | 17.00K | 7.00K | 2.00K | 110.00K |
| ChangesInAccountReceivables | 17.00K | 7.00K | 2.00K | 110.00K |
| OtherNonCashItems | 196.00K | 110.00K | 98.00K | -15.00K |
| StockBasedCompensation | 3.52M | 3.89M | 3.43M | 3.47M |
| AssetImpairmentCharge | 0.00 | 0.00 | 90.00K | 0.00 |
| DepreciationAmortizationDepletion | 4.00K | 8.00K | 17.00K | 21.00K |
| DepreciationAndAmortization | 4.00K | 8.00K | 17.00K | 21.00K |
| AmortizationCashFlow | 4.00K | 8.00K | 17.00K | 21.00K |
| AmortizationOfIntangibles | 4.00K | 8.00K | 17.00K | 21.00K |
| OperatingGainsLosses | 2.63M | 7.85M | 17.26M | 13.09M |
| EarningsLossesFromEquityInvestments | 2.64M | 7.84M | 17.36M | 13.08M |
| NetForeignCurrencyExchangeGainLoss | -2.00K | 5.00K | -18.00K | 10.00K |
| GainLossOnSaleOfPPE | 0.00 | 0.00 | -84.00K | 0.00 |
| NetIncomeFromContinuingOperations | -8.59M | -14.95M | -24.26M | -21.66M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for TMQ
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|