Why Trilogy Metals Stock Tanked by Almost 12% Today
Key Points
Investors were not pleased to hear the metals specialist's latest news.
It reported selected 2025 results that were notably worse, in some cases, than the previous year's fundamentals.
- 10 stocks we like better than Trilogy Metals ›
An uninspiring earnings report sent Trilogy Metals (NYSEMKT: TMQ) stock to the investor doghouse on Tuesday. The Canada-based company's financials for fiscal 2025 looked particularly weak compared with 2024, despite an investment from the U.S. federal government. As a result, the metal company's American-listed shares suffered a nearly 13% sell-off that trading session.
A flood of red ink
Trilogy, a mineral exploration and development company that extracts materials such as copper, gold, and silver, published those results well before market open. Nearly all of the selected line items it detailed represented a lack of improvement over those of the previous year.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
Image source: Getty Images.
Leading the way was the company's net loss, which ballooned to $42.4 million from the year-ago deficit of under $8.6 million. At the same time, its general and administrative costs grew over that one-year stretch, to $1.3 million from 2024's 1.2 million. Trilogy did not provide a top-line figure.
Late in the fiscal year, the company signed a binding letter of intent with the U.S. Department of Defense. Under its terms, the Department will invest roughly $17.8 billion for slightly over 8.2 million units of the company, working out to a price of $2.17 per unit.
Management put a positive spin on this, quoting CEO Tony Giardini as saying, "We significantly strengthened our financial position while deepening alignment with key U.S. federal and state stakeholders focused on securing domestic supplies of critical minerals."
Bargain territory
I wouldn't be ready to give up on Trilogy stock just yet, despite the not-very-attractive 2025 numbers. The company still has a very promising pair of plays in its Arctic and Bornite projects, and its involvement with the U.S. government gives it a better-than-average chance to succeed. I'd consider the stock something of a bargain on the sell-off, then.
Should you buy stock in Trilogy Metals right now?
Before you buy stock in Trilogy Metals, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Trilogy Metals wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $414,554!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,120,663!*
Now, it’s worth noting Stock Advisor’s total average return is 884% — a market-crushing outperformance compared to 193% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of February 17, 2026.
Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Recommended Articles
