Insider Selling: Trilogy Metals (NYSEAMERICAN:TMQ) Director Sells $110,470.80 in Stock

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Director William Iggiagruk Hensley sold 25,107 shares of Trilogy Metals stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $4.40, for a total transaction of $110,470.80. Following the completion of the transaction, the director directly owned 18,531 shares of the company’s stock, valued at approximately $81,536.40. This represents a 57.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Trilogy Metals Stock Performance

Shares of NYSEAMERICAN:TMQ opened at $4.43 on Monday. The company’s fifty day moving average is $4.94 and its two-hundred day moving average is $4.11. Trilogy Metals Inc. has a 1-year low of $1.13 and a 1-year high of $11.29. The stock has a market capitalization of $764.40 million, a price-to-earnings ratio of -17.72 and a beta of 1.21.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TMQ shares. Raymond James Financial reiterated a “market perform” rating on shares of Trilogy Metals in a research report on Wednesday, January 14th. TD Securities upgraded Trilogy Metals from a “hold” rating to a “buy” rating in a research note on Friday, February 20th. Cormark upgraded Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Thursday, December 18th. Finally, TD Cowen upgraded shares of Trilogy Metals from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.75.

Institutional Trading of Trilogy Metals

Several hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its position in Trilogy Metals by 120.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 562,080 shares of the mining company’s stock worth $759,000 after acquiring an additional 306,547 shares during the period. TSP Capital Management Group LLC raised its stake in shares of Trilogy Metals by 17.8% during the second quarter. TSP Capital Management Group LLC now owns 6,152,500 shares of the mining company’s stock valued at $8,306,000 after purchasing an additional 930,000 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Trilogy Metals by 5,289.5% in the second quarter. JPMorgan Chase & Co. now owns 204,800 shares of the mining company’s stock worth $276,000 after purchasing an additional 201,000 shares during the period. XTX Topco Ltd bought a new position in Trilogy Metals in the 2nd quarter valued at about $115,000. Finally, DLD Asset Management LP grew its position in Trilogy Metals by 20.0% in the 2nd quarter. DLD Asset Management LP now owns 300,000 shares of the mining company’s stock valued at $405,000 after buying an additional 50,000 shares in the last quarter. Institutional investors own 16.75% of the company’s stock.

Trilogy Metals Company Profile

Trilogy Metals Inc is a mineral exploration and development company focused on advancing high‐value copper, zinc, lead, gold and silver projects in northwestern Alaska. The company’s flagship asset lies within the Ambler mining district, where it has assembled over 100,000 acres of mineral rights. Through systematic exploration programs, Trilogy Metals seeks to delineate and expand polymetallic deposits in one of the world’s richest base and precious metal regions.

The centerpiece of Trilogy’s portfolio is the Upper Kobuk Mineral Projects (UKMP), which includes the Arctic copper‐zinc‐lead‐gold‐silver deposit and the Bornite copper deposit.