Symbols / TMQ $4.09 -2.39% Trilogy Metals Inc.

Basic Materials • Other Industrial Metals & Mining • Canada • ASE
TMQ Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
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Index EQUITY
Sector Basic Materials
Industry Other Industrial Metals & Mining
CEO —
Exch · Country ASE · Canada
Market Cap 705.71M
Enterprise Value 670.18M
Income -45.68M
Sales —
FCF (ttm) 29.73M
Book/sh 0.73
Cash/sh 0.27
Employees 5
Insider 10d —
IPO Apr 25, 2012
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E -50.41
PEG —
P/S —
P/B 5.63
P/C —
EV/EBITDA —
EV/Sales —
Quick Ratio 1.46
Current Ratio 1.46
Debt/Eq 0.09
LT Debt/Eq —
EPS (ttm) -0.28
EPS next Y -0.08
EPS Growth —
Revenue Growth —
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-04-02
Earnings (prior) 2026-04-02
ROA -4.65%
ROE -36.10%
ROIC —
Gross Margin 0.00%
Oper. Margin 0.00%
Profit Margin 0.00%
Shs Outstand 172.55M
Shs Float 109.76M
Insider Own 18.21%
Instit Own 42.47%
Short Float 8.15%
Short Ratio 3.65
Short Interest 8.87M
52W High 11.29
vs 52W High -63.77%
52W Low 1.13
vs 52W Low 261.95%
Beta 1.61
Impl. Vol. 47.16%
Rel Volume 0.37
Avg Volume 4.07M
Volume 1.52M
Target (mean) $7.30
Tgt Median $6.22
Tgt Low $5.49
Tgt High $10.20
# Analysts 3
Recom Buy
Prev Close $4.19
Price $4.09
Change -2.39%
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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$7.30
Mean price target
2. Current target
$4.09
Latest analyst target
3. DCF / Fair value
$3.10
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$4.09
Low
$5.49
High
$10.19
Mean
$7.30

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
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-02-26 HENSLEY WILLIAM L. IGGIAGRUK Director — 25,107 $4.40 $110,471
2025-12-26 KAPLAN THOMAS SCOTT Beneficial Owner of more than 10% of a Class of Security — 957,072 $0.00 $0
2025-12-11 SANDERS ELAINE Chief Financial Officer — 15,000 — —
2025-12-11 GIARDINI TONY S Chief Executive Officer — 60,000 — —
2025-12-05 LANG GREGORY A Director — 45,000 $0.00 $0
2025-12-05 LANG GREGORY A Director — 70,000 $4.73 $333,100
2025-12-05 LANG GREGORY A Director — 50,000 $1.82 $91,000
2025-12-05 SANDERS ELAINE Chief Financial Officer — 183,334 — —
2025-12-05 GIARDINI TONY S Chief Executive Officer — 366,668 — —
2025-10-16 GIARDINI TONY S Chief Executive Officer — 1,123,400 $1.79 $2,010,886
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-11-30 2024-11-30 2023-11-30 2022-11-30
Total Revenue
0.00
0.00
0.00
0.00
Operating Revenue
0.00
0.00
0.00
0.00
Cost Of Revenue
0.00
-100.00%
0.00
-50.00%
0.01
-52.94%
0.02
Reconciled Cost Of Revenue
0.00
-100.00%
0.00
-50.00%
0.01
-52.94%
0.02
Gross Profit
0.00
+100.00%
-0.00
+50.00%
-0.01
+52.94%
-0.02
Operating Expense
9.44
+40.96%
6.70
-7.18%
7.21
+4.16%
6.93
Selling General And Administration
9.11
+38.31%
6.59
-6.43%
7.04
+5.15%
6.70
General And Administrative Expense
9.11
+38.31%
6.59
-6.43%
7.04
+5.15%
6.70
Salaries And Wages
5.72
+28.72%
4.45
-4.16%
4.64
+5.19%
4.41
Other Gand A
3.39
+58.24%
2.14
-10.83%
2.40
+5.08%
2.29
Other Operating Expenses
0.33
+202.78%
0.11
-37.57%
0.17
-24.78%
0.23
Total Expenses
9.44
+40.88%
6.70
-7.23%
7.22
+4.02%
6.94
Operating Income
-9.44
-40.88%
-6.70
+7.23%
-7.22
-4.02%
-6.94
EBITDA
-9.44
-40.96%
-6.70
+7.18%
-7.21
-4.16%
-6.93
Normalized EBITDA
13.13
+296.04%
-6.70
+7.10%
-7.21
-3.91%
-6.94
Reconciled Depreciation
0.00
-100.00%
0.00
-50.00%
0.01
-52.94%
0.02
EBIT
-9.44
-40.88%
-6.70
+7.23%
-7.22
-4.02%
-6.94
Total Unusual Items
-22.57
-2256900.00%
0.00
+120.00%
-0.01
-141.67%
0.01
Total Unusual Items Excluding Goodwill
-22.57
-2256900.00%
0.00
+120.00%
-0.01
-141.67%
0.01
Special Income Charges
—
0.00
0.00
+100.00%
-0.01
Impairment Of Capital Assets
—
0.00
0.00
-100.00%
0.09
Net Income
-42.24
-391.92%
-8.59
+42.57%
-14.95
+38.36%
-24.26
Pretax Income
-42.24
-391.92%
-8.59
+42.57%
-14.95
+38.36%
-24.26
Net Non Operating Interest Income Expense
1.16
+54.81%
0.75
+523.33%
0.12
+252.94%
0.03
Net Interest Income
1.16
+54.81%
0.75
+523.33%
0.12
+252.94%
0.03
Interest Income Non Operating
1.16
+54.81%
0.75
+523.33%
0.12
+252.94%
0.03
Interest Income
1.16
+54.81%
0.75
+523.33%
0.12
+252.94%
0.03
Other Income Expense
-33.96
-1188.80%
-2.63
+66.43%
-7.85
+54.76%
-17.35
Other Non Operating Income Expenses
—
0.06
—
—
Gain On Sale Of Security
-22.57
-2256900.00%
0.00
+120.00%
-0.01
-127.78%
0.02
Gain On Sale Of Business
—
—
0.00
-100.00%
0.08
Tax Rate For Calcs
0.00
0.00
0.00
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
-42.24
-391.92%
-8.59
+42.57%
-14.95
+38.36%
-24.26
Net Income From Continuing Operation Net Minority Interest
-42.24
-391.92%
-8.59
+42.57%
-14.95
+38.36%
-24.26
Net Income From Continuing And Discontinued Operation
-42.24
-391.92%
-8.59
+42.57%
-14.95
+38.36%
-24.26
Net Income Continuous Operations
-42.24
-391.92%
-8.59
+42.57%
-14.95
+38.36%
-24.26
Normalized Income
-19.67
-129.08%
-8.59
+42.54%
-14.95
+38.42%
-24.27
Net Income Common Stockholders
-42.24
-391.92%
-8.59
+42.57%
-14.95
+38.36%
-24.26
Diluted EPS
—
-0.05
+50.00%
-0.10
+41.18%
-0.17
Basic EPS
—
-0.05
+50.00%
-0.10
+41.18%
-0.17
Basic Average Shares
—
159.83
+4.71%
152.65
+4.75%
145.72
Diluted Average Shares
—
159.83
+4.71%
152.65
+4.75%
145.72
Diluted NI Availto Com Stockholders
-42.24
-391.92%
-8.59
+42.57%
-14.95
+38.36%
-24.26
Amortization
—
—
0.01
-52.94%
0.02
Amortization Of Intangibles Income Statement
—
—
0.01
-52.94%
0.02
Depreciation Amortization Depletion Income Statement
—
—
0.01
-52.94%
0.02
Depreciation And Amortization In Income Statement
—
—
0.01
-52.94%
0.02
Earnings From Equity Interest
-11.39
-332.17%
-2.64
+66.39%
-7.84
+54.82%
-17.36
Gain On Sale Of PPE
—
0.00
0.00
-100.00%
0.08
Line Item Trend 2025-11-30 2024-11-30 2023-11-30 2022-11-30
Total Assets
157.30
+17.66%
133.70
-3.13%
138.02
-5.46%
146.00
Current Assets
51.92
+99.36%
26.05
+803.71%
2.88
-0.96%
2.91
Cash Cash Equivalents And Short Term Investments
51.61
+99.79%
25.83
+897.45%
2.59
+0.66%
2.57
Cash And Cash Equivalents
51.61
+99.79%
25.83
+897.45%
2.59
+0.66%
2.57
Cash Financial
51.61
+99.79%
25.83
+897.45%
2.59
+0.66%
2.57
Receivables
0.12
+637.50%
0.02
-51.52%
0.03
+94.12%
0.02
Accounts Receivable
0.12
+637.50%
0.02
-51.52%
0.03
+94.12%
0.02
Taxes Receivable
—
—
—
0.02
Prepaid Assets
0.19
-1.03%
0.20
-24.71%
0.26
-19.06%
0.32
Total Non Current Assets
105.38
-2.11%
107.65
-20.34%
135.14
-5.55%
143.09
Net PPE
0.12
-24.52%
0.15
+32.48%
0.12
-64.65%
0.33
Gross PPE
0.12
-24.52%
0.15
+32.48%
0.12
-64.65%
0.33
Accumulated Depreciation
—
—
—
-0.04
Buildings And Improvements
0.12
-24.52%
0.15
+37.17%
0.11
-64.58%
0.32
Machinery Furniture Equipment
—
—
—
0.00
Other Properties
—
—
0.00
-66.67%
0.01
Leases
—
—
—
0.05
Investments And Advances
105.26
-2.08%
107.50
-20.38%
135.02
-5.42%
142.75
Long Term Equity Investment
105.26
-2.08%
107.50
-20.38%
135.02
-5.42%
142.75
Total Liabilities Net Minority Interest
33.18
+3574.75%
0.90
+94.19%
0.47
-17.99%
0.57
Current Liabilities
33.11
+4075.66%
0.79
+70.54%
0.47
-12.92%
0.53
Payables And Accrued Expenses
2.33
+208.07%
0.76
+75.00%
0.43
+25.22%
0.34
Payables
0.65
+229.59%
0.20
+34.25%
0.15
-22.34%
0.19
Accounts Payable
0.65
+229.59%
0.20
+34.25%
0.15
-22.34%
0.19
Current Accrued Expenses
1.68
+200.54%
0.56
+95.80%
0.29
+82.17%
0.16
Current Debt And Capital Lease Obligation
0.04
+10.81%
0.04
+12.12%
0.03
-82.54%
0.19
Current Capital Lease Obligation
0.04
+10.81%
0.04
+12.12%
0.03
-82.54%
0.19
Other Current Liabilities
30.74
—
—
—
Total Non Current Liabilities Net Minority Interest
0.07
-36.36%
0.11
0.00
-100.00%
0.03
Long Term Debt And Capital Lease Obligation
0.07
-36.36%
0.11
—
0.03
Long Term Capital Lease Obligation
0.07
-36.36%
0.11
0.00
-100.00%
0.03
Stockholders Equity
124.12
-6.53%
132.79
-3.46%
137.56
-5.41%
145.43
Common Stock Equity
124.12
-6.53%
132.79
-3.46%
137.56
-5.41%
145.43
Capital Stock
225.24
+18.23%
190.50
+1.39%
187.89
+3.13%
182.18
Common Stock
225.24
+18.23%
190.50
+1.39%
187.89
+3.13%
182.18
Share Issued
171.07
+6.20%
161.09
+3.31%
155.93
+6.63%
146.23
Ordinary Shares Number
171.07
+6.20%
161.09
+3.31%
155.93
+6.63%
146.23
Additional Paid In Capital
4.23
+8.66%
3.89
+19.88%
3.25
+17.57%
2.76
Retained Earnings
-132.64
-46.73%
-90.40
-10.50%
-81.81
-22.36%
-66.86
Total Equity Gross Minority Interest
124.12
-6.53%
132.79
-3.46%
137.56
-5.41%
145.43
Total Capitalization
124.12
-6.53%
132.79
-3.46%
137.56
-5.41%
145.43
Working Capital
18.81
-25.51%
25.25
+944.77%
2.42
+1.73%
2.38
Invested Capital
124.12
-6.53%
132.79
-3.46%
137.56
-5.41%
145.43
Total Debt
0.11
-24.49%
0.15
+345.45%
0.03
-85.14%
0.22
Capital Lease Obligations
0.11
-24.49%
0.15
+345.45%
0.03
-85.14%
0.22
Net Tangible Assets
124.12
-6.53%
132.79
-3.46%
137.56
-5.41%
145.43
Tangible Book Value
124.12
-6.53%
132.79
-3.46%
137.56
-5.41%
145.43
Investmentsin Joint Venturesat Cost
105.26
-2.08%
107.50
-20.38%
135.02
-5.42%
142.75
Other Equity Interest
27.29
-5.23%
28.80
+2.00%
28.24
+3.24%
27.35
Line Item Trend 2025-11-30 2024-11-30 2023-11-30 2022-11-30
Operating Cash Flow
-3.25
-77.68%
-1.83
+40.90%
-3.09
+21.40%
-3.94
Cash Flow From Continuing Operating Activities
-3.25
-77.68%
-1.83
+40.90%
-3.09
+21.40%
-3.94
Net Income From Continuing Operations
-42.24
-391.92%
-8.59
+42.57%
-14.95
+38.36%
-24.26
Depreciation Amortization Depletion
0.00
-100.00%
0.00
-50.00%
0.01
-52.94%
0.02
Amortization Cash Flow
0.00
-100.00%
0.00
-50.00%
0.01
-52.94%
0.02
Depreciation And Amortization
0.00
-100.00%
0.00
-50.00%
0.01
-52.94%
0.02
Amortization Of Intangibles
0.00
-100.00%
0.00
-50.00%
0.01
-52.94%
0.02
Other Non Cash Items
0.03
-83.67%
0.20
+47.37%
0.13
+35.71%
0.10
Stock Based Compensation
3.34
-5.23%
3.52
-9.44%
3.89
+13.42%
3.43
Asset Impairment Charge
—
0.00
0.00
-100.00%
0.09
Operating Gains Losses
33.96
+1189.29%
2.63
-66.44%
7.85
-54.52%
17.26
Gain Loss On Investment Securities
22.59
—
—
—
Net Foreign Currency Exchange Gain Loss
-0.02
-750.00%
-0.00
-140.00%
0.01
+127.78%
-0.02
Gain Loss On Sale Of PPE
—
0.00
0.00
+100.00%
-0.08
Change In Working Capital
1.67
+311.11%
0.41
+2231.58%
-0.02
+96.65%
-0.57
Change In Receivables
0.01
-52.94%
0.02
+206.25%
-0.02
-900.00%
0.00
Changes In Account Receivables
0.01
-52.94%
0.02
+206.25%
-0.02
-900.00%
0.00
Change In Prepaid Assets
0.00
-96.88%
0.06
+4.92%
0.06
+195.31%
-0.06
Change In Payables And Accrued Expense
1.66
+410.80%
0.32
+606.25%
-0.06
+87.35%
-0.51
Investing Cash Flow
-1.00
-104.00%
25.00
0.00
-100.00%
0.14
Cash Flow From Continuing Investing Activities
-1.00
-104.00%
25.00
0.00
-100.00%
0.14
Net PPE Purchase And Sale
—
0.00
0.00
-100.00%
0.14
Purchase Of PPE
—
—
—
0.00
Sale Of PPE
—
0.00
0.00
-100.00%
0.14
Capital Expenditure
—
—
—
—
Net Business Purchase And Sale
-1.00
-104.00%
25.00
0.00
0.00
Purchase Of Business
-1.00
0.00
0.00
—
Net Other Investing Changes
—
—
—
—
Financing Cash Flow
30.01
+40454.05%
0.07
-97.62%
3.12
+5668.52%
0.05
Cash Flow From Continuing Financing Activities
30.01
+40454.05%
0.07
-97.62%
3.12
+5668.52%
0.05
Net Common Stock Issuance
24.32
0.00
-100.00%
3.12
0.00
Proceeds From Stock Option Exercised
5.68
+7582.43%
0.07
0.00
-100.00%
0.05
Changes In Cash
25.76
+10.82%
23.25
+105563.64%
0.02
+100.59%
-3.74
Effect Of Exchange Rate Changes
0.02
+950.00%
-0.00
+60.00%
-0.01
-225.00%
0.00
Beginning Cash Position
25.83
+897.45%
2.59
+0.66%
2.57
-59.21%
6.31
End Cash Position
51.61
+99.79%
25.83
+897.45%
2.59
+0.66%
2.57
Free Cash Flow
-3.25
-77.68%
-1.83
+40.90%
-3.09
+21.40%
-3.94
Common Stock Issuance
24.32
0.00
-100.00%
3.12
0.00
Earnings Losses From Equity Investments
11.39
+332.17%
2.64
-66.39%
7.84
-54.82%
17.36
Issuance Of Capital Stock
24.32
0.00
-100.00%
3.12
0.00
Sale Of Business
0.00
-100.00%
25.00
0.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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