Trilogy Metals (NYSEAMERICAN:TMQ) Upgraded at Raymond James Financial

Raymond James Financial upgraded shares of Trilogy Metals (NYSEAMERICAN:TMQ) from a market perform rating to an outperform rating in a research report released on Monday, MarketBeat Ratings reports.

Several other analysts have also recently weighed in on TMQ. TD Securities raised shares of Trilogy Metals from a “hold” rating to a “buy” rating in a research note on Friday, February 20th. Freedom Capital raised shares of Trilogy Metals to a “strong-buy” rating in a research note on Thursday, March 19th. TD Cowen raised shares of Trilogy Metals from a “hold” rating to a “buy” rating in a research note on Friday, February 20th. Finally, Cormark raised shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Trilogy Metals has an average rating of “Buy” and an average target price of $7.75.

Trilogy Metals Stock Performance

Shares of TMQ opened at $4.10 on Monday. The company has a 50-day simple moving average of $4.10 and a 200-day simple moving average of $4.48. The firm has a market capitalization of $707.46 million, a P/E ratio of -15.19 and a beta of 1.31. Trilogy Metals has a 52 week low of $1.13 and a 52 week high of $11.29.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Trilogy Metals during the 4th quarter worth about $27,000. State of Wyoming acquired a new position in shares of Trilogy Metals in the 4th quarter valued at approximately $32,000. Spire Wealth Management raised its position in shares of Trilogy Metals by 55.1% in the 3rd quarter. Spire Wealth Management now owns 18,774 shares of the mining company’s stock valued at $39,000 after buying an additional 6,669 shares in the last quarter. Leonteq Securities AG acquired a new position in shares of Trilogy Metals in the 4th quarter valued at approximately $43,000. Finally, Tradition Wealth Management LLC acquired a new position in Trilogy Metals during the 4th quarter worth approximately $43,000. Institutional investors own 16.75% of the company’s stock.

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.