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An announcement from Trilogy Metals ( (TSE:TMQ) ) is now available.
Trilogy Metals reported a net loss of $1.7 million for the third quarter of fiscal 2025, slightly higher than the $1.6 million loss in the same period of 2024. This increase was mainly due to activities at Ambler Metals, including environmental baseline work and a core re-boxing program. For the nine-month period, the net loss was $7.5 million, driven by regulatory expenses and legal fees associated with the company’s base shelf prospectus and ATM Program. Despite these losses, Ambler Metals completed its summer maintenance program on budget and on schedule, with a cash position of $3.7 million at the end of the quarter. Trilogy Metals maintains a strong liquidity position with $23.4 million in cash, ensuring the ability to fund ongoing and future operations.
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.
Spark’s Take on TSE:TMQ Stock
According to Spark, TipRanks’ AI Analyst, TSE:TMQ is a Neutral.
Trilogy Metals’ stock is challenged by ongoing losses and negative cash flows, impacting the financial performance score significantly. However, the strong equity position and low debt provide some financial stability. Technical indicators are neutral, showing neither strong bullish nor bearish trends. Valuation metrics are unattractive due to negative earnings. Positive corporate events related to operational prospects and regulatory changes provide some optimism, which slightly boosts the overall score.
To see Spark’s full report on TSE:TMQ stock, click here.
More about Trilogy Metals
Trilogy Metals Inc. operates in the mining industry, focusing on the exploration and development of mineral resources. The company’s primary focus is on its joint venture with South32 Limited, Ambler Metals LLC, which is engaged in activities related to the exploration of mineral deposits in Alaska.
Average Trading Volume: 25,455
Technical Sentiment Signal: Buy
Current Market Cap: C$471.4M
Learn more about TMQ stock on TipRanks’ Stock Analysis page.