Trilogy Metals (NYSEAMERICAN:TMQ) Upgraded to “Strong-Buy” at Freedom Capital

Trilogy Metals (NYSEAMERICAN:TMQ) was upgraded by stock analysts at Freedom Capital to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on TMQ. Cormark upgraded Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Thursday, December 18th. Raymond James Financial reissued a “market perform” rating on shares of Trilogy Metals in a research note on Wednesday, January 14th. TD Securities upgraded shares of Trilogy Metals from a “hold” rating to a “buy” rating in a report on Friday, February 20th. Finally, TD Cowen raised shares of Trilogy Metals from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Trilogy Metals presently has a consensus rating of “Moderate Buy” and an average price target of $7.75.

Trilogy Metals Stock Performance

Shares of NYSEAMERICAN TMQ opened at $3.22 on Thursday. The stock has a 50 day moving average price of $4.69 and a 200 day moving average price of $4.31. Trilogy Metals has a 52 week low of $1.13 and a 52 week high of $11.29. The stock has a market capitalization of $555.61 million, a PE ratio of -12.88 and a beta of 1.21.

Insiders Place Their Bets

In other Trilogy Metals news, Director William L. Iggiagruk Hensley sold 25,107 shares of the business’s stock in a transaction that occurred 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 transaction, the director owned 18,531 shares of the company’s stock, valued at $81,536.40. The trade was a 57.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 15.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its holdings in shares of Trilogy Metals by 26.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 27,514 shares of the mining company’s stock worth $119,000 after acquiring an additional 5,821 shares during the last quarter. Marshall Wace LLP lifted its holdings in Trilogy Metals by 10.4% during the 4th quarter. Marshall Wace LLP now owns 64,657 shares of the mining company’s stock valued at $279,000 after purchasing an additional 6,100 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Trilogy Metals during the 4th quarter valued at $27,000. Spire Wealth Management boosted its position in Trilogy Metals by 55.1% during the third quarter. Spire Wealth Management now owns 18,774 shares of the mining company’s stock worth $39,000 after purchasing an additional 6,669 shares during the period. Finally, State of Wyoming bought a new position in Trilogy Metals during the fourth quarter worth $32,000. 16.75% of the stock is currently owned by institutional investors.

About Trilogy Metals

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.