Trilogy Metals (TMQ) Projected to Post Quarterly Earnings on Wednesday

Trilogy Metals (NYSEAMERICAN:TMQ) is expected to announce its results before the market opens on Wednesday, April 1st. Analysts expect the company to announce earnings of ($0.01) per share for the quarter.

Trilogy Metals Stock Performance

Shares of TMQ opened at $3.36 on Monday. Trilogy Metals has a 52-week low of $1.13 and a 52-week high of $11.29. The stock’s 50-day simple moving average is $4.48 and its 200 day simple moving average is $4.40. The stock has a market capitalization of $579.77 million, a price-to-earnings ratio of -13.44 and a beta of 1.21.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TMQ shares. TD Cowen upgraded Trilogy Metals from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. Cormark raised shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a report on Thursday, December 18th. Freedom Capital upgraded shares of Trilogy Metals to a “strong-buy” rating in a research report on Thursday, March 19th. Raymond James Financial reaffirmed a “market perform” rating on shares of Trilogy Metals in a research note on Wednesday, January 14th. Finally, TD Securities raised shares of Trilogy Metals from a “hold” rating to a “buy” rating in a 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 assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $7.75.

Insider Buying and Selling

In related news, Director William L. Iggiagruk Hensley sold 25,107 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $4.40, for a total value of $110,470.80. Following the transaction, the director owned 18,531 shares of the company’s stock, valued at $81,536.40. This represents a 57.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 15.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Trilogy Metals

Several hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC increased its position in shares of Trilogy Metals by 64.8% during the 4th quarter. Virtu Financial LLC now owns 21,207 shares of the mining company’s stock valued at $91,000 after purchasing an additional 8,337 shares during the last quarter. Mackenzie Financial Corp bought a new stake in Trilogy Metals in the 4th quarter worth approximately $416,000. Janus Henderson Group PLC purchased a new stake in Trilogy Metals in the fourth quarter worth approximately $223,000. Engineers Gate Manager LP purchased a new stake in Trilogy Metals in the fourth quarter worth approximately $89,000. Finally, Jump Financial LLC bought a new position in Trilogy Metals during the fourth quarter valued at approximately $60,000. 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.