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Trilogy Metals Inc. (TMQ.TO)

CAD4.38 -0.12 (-2.67%)
CA TSX Basic Materials Industrial Materials
Address 609 Granville Street V7Y 1G5
Vancouver, BC, CA
CEO Tony Serafino Giardini
IPO 2012-04-25
ISIN CA89621C1059

Explore sections of this company profile

Also trades on New York Stock Exchange American · TMQ (USD) Toronto Stock Exchange · TMQ.TO (CAD)
Description

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.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CAD4.38 -0.12 (-2.67%)
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Volume Profile
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Liquidity & share structure
Average Volume
324.1K
Beta
1.65
Float Shares
109.61M
Free Float %
63.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+3.39% +12.08% +7.02% +7.02% +7.56% +7.74% +287.88% +855.22% +88.24% +801.41% +24.03%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (2 ratings, all time) Buy
Price Targets & DCF
Current price
4.38
DCF (Unlevered) 0.43 -90.1%
DCF (Levered) 0.43 -90.2%

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.

Ratings Trend (MoM) 75% Bullish
Rating 2026-05 Change
Strong Buy 3 0
Buy 3 -1
Hold 2 -1
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
11.94
Safe zone
Piotroski F-Score
1 / 9
Weak
MOAT Score
3 / 10
No MOAT
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • 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%
  • EBIT margin Industrial Materials: +3.1%
  • ROIC Industrial Materials: +2.2%
    -13.1% Q2'26: -11.0% (vs Q2'25)
  • Share dilution Industrial Materials: -0.2%
    +3.1% Q2'26: +5.1% (vs Q2'25)
  • Debt / EBITDA Net debt/EBITDA · Industrial Materials: 0.52×
    -0.02× Q2'26: -0.01× (vs Q2'25)
Valuation Multiples From To
DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.65) × ERP
WACC = 100% × Ke + 0% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 0.43 Current price: 4.38
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
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
Historical Ratings (3M)
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)

Owner's Earnings history not available.

Owner alignment
Owner's Earnings TTM
OE per share TTM
Owner's Yield
Maintenance CapEx ratio
Maint CapEx / Avg PPE

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 11 ETFs in our universe
# 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

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
Shares Outstanding
172.55M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
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
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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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.

Dividend history

Earnings history

Earnings reports

Stock splits