Trilogy Metals Inc. (TMQ.TO)
Vancouver, BC, CA
Trilogy Metals Inc. is a company dedicated to the exploration and development of base metal mineral properties across the United States. Its core assets are the Upper Kobuk mineral projects, situated within the Ambler mining district of Northwest Alaska, covering an extensive area of approximately 426,690 acres. These projects feature two main sites: Arctic, recognized for its polymetallic volcanogenic massive sulfide (VMS) deposits, and Bornite, which contains carbonate-hosted copper and cobalt deposits. The company, initially known as NovaCopper Inc., adopted its current name, Trilogy Metals Inc., in September 2016. Founded in 2004, Trilogy Metals Inc. is headquartered in Vancouver, Canada.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +3.39% | +12.08% | +7.02% | +7.02% | +7.56% | +7.74% | +287.88% | +855.22% | +88.24% | +801.41% | +24.03% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 3 | 0 |
| Buy | 3 | -1 |
| Hold | 2 | -1 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Industrial Materials: +4.8%—
-
EPS growth Industrial Materials: +16.2%-384.2% Q2'26: +374.4% (vs Q2'25)
-
FCF margin FCF growth · Industrial Materials: +3.3%—
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EBIT margin Industrial Materials: +3.1%—
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ROIC Industrial Materials: +2.2%-13.1% Q2'26: -11.0% (vs Q2'25)
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Share dilution Industrial Materials: -0.2%+3.1% Q2'26: +5.1% (vs Q2'25)
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Debt / EBITDA Net debt/EBITDA · Industrial Materials: 0.52×-0.02× Q2'26: -0.01× (vs Q2'25)
| Metric |
Nov 2024 actual |
Nov 2025 actual |
Nov 2026 1 EPS Ana. |
Nov 2027 2 EPS Ana. |
Nov 2028 1 EPS Ana. |
|---|---|---|---|---|---|
| Revenue |
—
|
—
|
—
— – —
|
—
— – —
|
—
— – —
|
| EBITDA |
-6.62M
|
-9.47M
|
—
— – —
|
—
— – —
|
—
— – —
|
| EBIT |
-6.63M
|
-9.47M
|
—
— – —
|
—
— – —
|
—
— – —
|
| Net Income |
-8.59M
est: -6.41M (-34.0%)
|
-42.36M
est: -26.40M (-60.5%)
|
-16.07M
-16.07M – -16.07M
+39.1% YoY
|
-9.30M
-9.30M – -9.30M
+42.1% YoY
|
-6.76M
-6.76M – -6.76M
+27.3% YoY
|
| SGA |
6.62M
|
9.11M
|
—
— – —
|
—
— – —
|
—
— – —
|
| EPS |
-0.05
est: -0.04 (-34.0%)
|
-0.26
est: -0.16 (-62.3%)
|
-0.10
-0.10 – -0.10
+39.1% YoY
|
-0.06
-0.06 – -0.06
+42.1% YoY
|
-0.04
-0.04 – -0.04
+27.3% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-28 | C | 2/5 | 3/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-27 | C | 2/5 | 3/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-26 | C | 2/5 | 3/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-25 | C | 2/5 | 3/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-22 | C | 2/5 | 3/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-21 | C | 2/5 | 3/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-20 | C | 2/5 | 3/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-19 | C | 2/5 | 3/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-15 | C | 2/5 | 3/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-14 | C | 2/5 | 3/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-13 | C | 2/5 | 3/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-12 | C | 2/5 | 3/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-11 | C | 2/5 | 3/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-08 | C | 2/5 | 3/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-07 | C | 2/5 | 3/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-06 | C | 2/5 | 3/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-05 | C | 2/5 | 3/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-04 | C | 2/5 | 3/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-01 | C | 2/5 | 3/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-04-30 | C | 2/5 | 3/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-04-29 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-28 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-27 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-24 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-23 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-22 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-21 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-20 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-17 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-16 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
Owner Earnings
Owner's Earnings history not available.
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | BMO Equal Weight Global Base Metals Hedged to CAD Index ETF ZMT.TO | 1.95% | 1.10M | 0.61% |
| 2 | Fidelity MSCI Materials Index ETF FMAT | 0.02% | 147.7K | 0.08% |
| 3 | iShares MSCI Global Metals & Mining Producers ETF PICK | 0.02% | 491.6K | 0.39% |
| 4 | Avantis International Small Cap Equity ETF AVDS | 0.01% | 35.3K | 0.30% |
| 5 | TD Canadian Equity Index ETF TTP.TO | 0.01% | 445.1K | 0.05% |
| 6 | Vanguard MSCI International Small Cos Index ETF VISM.AX | 0.00% | 33.3K | 0.32% |
| 7 | iShares MSCI World Small-Cap ETF WSML | 0.00% | 24.3K | 0.30% |
| 8 | State Street SPDR MSCI World Small Cap UCITS ETF (Acc) WDSC.L | 0.00% | 56.3K | 0.45% |
| 9 | Avantis Responsible International Equity ETF AVSD | 0.00% | 12.9K | 0.23% |
| 10 | State Street SPDR MSCI USA Small Cap Value Weighted UCITS ETF USSC.L | 0.00% | 15.7K | 0.30% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Tony Serafino Giardini | President, Chief Executive Officer & Director | 1M | male |
| Elaine Sanders | Vice President, Chief Financial Officer & Corporate Secretary | 824.1K | female |
| Kimberly Lim | Director of Corporate Communications | — | female |
| Matthew Richard Keevil | Vice President of Investor Relations & Business Development | — | male |
| Olav Langelaar | Vice President of Corporate Development | — | male |
| Richard Gosse | Vice President of Exploration | — | male |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for TMQ.TO
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

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