Raymond James raised its price target on Trilogy Metals Inc. (TMQ.TO, TMQ) to $1.75 from $1.
Analyst Brian MacArthur maintained a Market Perform rating on shares of the Vancouver-based mineral exploration company.
"TMQ has announced the results of its Preliminary Economic Assessment Study for the Bornite copper project in the Ambler Mining District of Northwestern Alaska," MacArthur said in a note to clients.
"There may also be opportunities to improve the Bornite/regional economics over time with exploration success and optimization studies," the analyst said.
"Importantly given the Bornite PEA demonstrates the potential to have mining activities at the UKMP for over 30 years and this might help permitting in the region, including the access road, especially given the changes in government in the US."
The stock rose 5% to $1.65 on the Toronto Stock Exchange Wednesday.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。