Envestnet Asset Management Inc. Increases Position in Trilogy Metals Inc. $TMQ

Envestnet Asset Management Inc. increased its holdings in Trilogy Metals Inc. (NYSEAMERICAN:TMQ) by 80.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,013,517 shares of the mining company’s stock after acquiring an additional 451,437 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.60% of Trilogy Metals worth $2,128,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TMQ. Compass Wealth Management LLC purchased a new stake in Trilogy Metals during the 3rd quarter worth approximately $63,000. Spire Wealth Management boosted its stake in shares of Trilogy Metals by 55.1% during 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 during the last quarter. TSP Capital Management Group LLC boosted its stake in shares of Trilogy Metals by 9.1% during the 3rd quarter. TSP Capital Management Group LLC now owns 6,715,000 shares of the mining company’s stock valued at $14,102,000 after buying an additional 562,500 shares during the last quarter. GAM Holding AG acquired a new stake in shares of Trilogy Metals during the third quarter worth approximately $420,000. Finally, Bank of America Corp DE increased its stake in shares of Trilogy Metals by 16.5% in the second quarter. Bank of America Corp DE now owns 122,095 shares of the mining company’s stock worth $165,000 after buying an additional 17,291 shares during the last quarter. Hedge funds and other institutional investors own 16.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on TMQ. TD Securities upgraded shares of Trilogy Metals from a “hold” rating to a “buy” rating in a research note on Friday, February 20th. Raymond James Financial reaffirmed a “market perform” rating on shares of Trilogy Metals in a research report on Wednesday, January 14th. TD Cowen raised Trilogy Metals from a “hold” rating to a “buy” rating in a report on Friday, February 20th. Finally, Cormark upgraded Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Thursday, December 18th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $7.75.

Trilogy Metals Stock Down 0.9%

Shares of NYSEAMERICAN:TMQ opened at $4.43 on Friday. The company has a market cap of $764.40 million, a PE ratio of -17.72 and a beta of 1.18. Trilogy Metals Inc. has a fifty-two week low of $1.13 and a fifty-two week high of $11.29. The firm has a 50-day simple moving average of $4.94 and a 200 day simple moving average of $4.08.

Insider Buying and Selling

In other Trilogy Metals 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 sale, the director directly owned 18,531 shares of the company’s stock, valued at $81,536.40. This trade represents a 57.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 15.20% of the stock is currently owned by insiders.

Trilogy Metals 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.