Insider Buying: Trilogy Metals (TSE:TMQ) Insider Acquires C$27,840.00 in Stock

Trilogy Metals Inc. (TSE:TMQ) insider Olav Langelaar purchased 6,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was bought at an average price of C$4.64 per share, with a total value of C$27,840.00. Following the completion of the purchase, the insider owned 17,000 shares of the company’s stock, valued at approximately C$78,880. This represents a 54.55% increase in their ownership of the stock.

Olav Langelaar also recently made the following trade(s):

• On Wednesday, February 18th, Olav Langelaar acquired 5,000 shares of Trilogy Metals stock. The shares were bought at an average price of C$5.24 per share, for a total transaction of C$26,200.00.

Trilogy Metals Trading Down 6.5%

TSE TMQ opened at C$4.47 on Friday. The company has a market cap of C$771.28 million, a PE ratio of -17.19 and a beta of 1.44. The company has a current ratio of 1.57, a quick ratio of 5.25 and a debt-to-equity ratio of 0.15. Trilogy Metals Inc. has a 12 month low of C$1.59 and a 12 month high of C$15.21. The stock has a 50 day moving average of C$6.41 and a 200-day moving average of C$5.99.

Trilogy Metals (TSE:TMQ) last released its earnings results on Tuesday, February 17th. The company reported C($0.29) earnings per share for the quarter. On average, equities research analysts anticipate that Trilogy Metals Inc. will post -0.07 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on TMQ shares. Cormark upgraded shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Thursday, December 18th. TD Securities downgraded shares of Trilogy Metals from a “buy” rating to a “hold” rating and cut their target price for the company from C$8.50 to C$8.00 in a research note on Friday, February 20th. National Bank Financial boosted their price target on Trilogy Metals from C$7.00 to C$9.50 in a research report on Thursday, January 29th. Finally, Freedom Capital upgraded Trilogy Metals to a “strong-buy” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Trilogy Metals presently has a consensus rating of “Moderate Buy” and an average target price of C$6.38.

About Trilogy Metals

Trilogy Metals Inc is a metal exploration and development company which holds a 50 percent interest in Ambler Metals LLC, which has a 100 percent interest in the UKMP in northwestern Alaska. On December 19, 2019, South32 Limited, a globally diversified mining and metals company, exercised its option to form a 50/50 joint venture with Trilogy. The UKMP is located within the Ambler Mining District which is one of the richest and most-prospective known copper-dominant districts in the world. It hosts world-class polymetallic volcanogenic massive sulphide (“VMS”) deposits that contain copper, zinc, lead, gold and silver, and carbonate replacement deposits which have been found to host high-grade copper and cobalt mineralization.