Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Receives Average Recommendation of “Buy” from Analysts

Shares of Trilogy Metals Inc. (NYSEAMERICAN:TMQ) have received an average rating of “Buy” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $7.75.

Several research firms have recently weighed in on TMQ. Freedom Capital upgraded shares of Trilogy Metals to a “strong-buy” rating in a report on Thursday, March 19th. TD Securities upgraded shares of Trilogy Metals from a “hold” rating to a “buy” rating in a report on Friday, February 20th. TD Cowen upgraded shares of Trilogy Metals from a “hold” rating to a “buy” rating in a report on Friday, February 20th. Finally, Raymond James Financial raised Trilogy Metals from a “market perform” rating to an “outperform” rating in a research note on Monday, April 6th.

Insider Activity

In other Trilogy Metals news, Director William L. Iggiagruk Hensley sold 50,000 shares of Trilogy Metals stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $4.44, for a total value of $222,000.00. Following the sale, the director owned 18,531 shares of the company’s stock, valued at $82,277.64. This trade represents a 72.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 14.60% of the stock is owned by corporate insiders.

Institutional Trading of Trilogy Metals

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE raised its stake in shares of Trilogy Metals by 7.7% in the 1st quarter. Bank of America Corp DE now owns 384,732 shares of the mining company’s stock valued at $1,381,000 after purchasing an additional 27,404 shares during the period. Royal Bank of Canada raised its stake in shares of Trilogy Metals by 476.0% in the 1st quarter. Royal Bank of Canada now owns 25,742 shares of the mining company’s stock valued at $92,000 after purchasing an additional 21,273 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Trilogy Metals by 11.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 274,442 shares of the mining company’s stock valued at $987,000 after purchasing an additional 29,003 shares during the period. SummitTX Capital L.P. acquired a new stake in shares of Trilogy Metals in the 1st quarter valued at about $166,000. Finally, Walleye Capital LLC raised its stake in shares of Trilogy Metals by 271.7% in the 1st quarter. Walleye Capital LLC now owns 945,678 shares of the mining company’s stock valued at $3,395,000 after purchasing an additional 691,267 shares during the period. Institutional investors and hedge funds own 16.75% of the company’s stock.

Trilogy Metals Trading Up 1.5%

Shares of Trilogy Metals stock opened at $4.07 on Friday. The company has a market capitalization of $702.28 million, a PE ratio of -15.07 and a beta of 1.38. Trilogy Metals has a 12 month low of $1.17 and a 12 month high of $11.29. The stock’s fifty day simple moving average is $4.02 and its 200 day simple moving average is $4.40.

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.