Trilogy Metals (NYSEAMERICAN:TMQ) Director William Iggiagruk Hensley Sells 50,000 Shares

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Director William Iggiagruk Hensley sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $4.44, for a total transaction of $222,000.00. Following the completion of the transaction, the director directly owned 18,531 shares in the company, valued at $82,277.64. This trade represents a 72.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Trilogy Metals Stock Down 1.0%

TMQ traded down $0.05 during trading on Tuesday, reaching $4.73. The company’s stock had a trading volume of 2,871,470 shares, compared to its average volume of 4,135,442. The firm has a fifty day simple moving average of $4.01 and a two-hundred day simple moving average of $4.45. Trilogy Metals Inc. has a 1 year low of $1.13 and a 1 year high of $11.29. The company has a market cap of $816.16 million, a price-to-earnings ratio of -17.52 and a beta of 1.38.

Analyst Upgrades and Downgrades

TMQ has been the subject of a number of recent analyst reports. TD Cowen upgraded shares of Trilogy Metals from a “hold” rating to a “buy” rating in a report on Friday, February 20th. Freedom Capital upgraded shares of Trilogy Metals to a “strong-buy” rating in a report on Thursday, March 19th. Raymond James Financial upgraded shares of Trilogy Metals from a “market perform” rating to an “outperform” rating in a report on Monday, April 6th. Finally, TD Securities upgraded shares of Trilogy Metals from a “hold” rating to a “buy” rating in a report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Trilogy Metals currently has an average rating of “Buy” and a consensus price target of $7.75.

Institutional Trading of Trilogy Metals

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new stake in Trilogy Metals in the fourth quarter valued at approximately $27,000. State of Wyoming purchased a new stake in Trilogy Metals in the fourth quarter valued at approximately $32,000. Spire Wealth Management raised its position in Trilogy Metals by 55.1% in the third quarter. Spire Wealth Management now owns 18,774 shares of the mining company’s stock valued at $39,000 after purchasing an additional 6,669 shares during the period. Leonteq Securities AG purchased a new stake in Trilogy Metals in the fourth quarter valued at approximately $43,000. Finally, Tradition Wealth Management LLC purchased a new stake in Trilogy Metals in the fourth quarter valued at approximately $43,000. Hedge funds and other 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.