Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Trilogy Metals Inc. (NYSEAMERICAN:TMQ) have been assigned a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $7.75.

Separately, Zacks Research downgraded shares of Trilogy Metals from a “hold” rating to a “strong sell” rating in a research note on Monday.

Trilogy Metals Price Performance

Trilogy Metals stock opened at $3.44 on Wednesday. The stock has a market cap of $593.74 million, a price-to-earnings ratio of -11.47 and a beta of 1.46. Trilogy Metals has a 1-year low of $1.43 and a 1-year high of $11.29. The firm has a 50 day simple moving average of $3.56 and a 200-day simple moving average of $4.08.

Trilogy Metals (NYSEAMERICAN:TMQ) last announced its quarterly earnings results on Wednesday, July 8th. The mining company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). During the same quarter last year, the business posted ($0.01) EPS. Equities analysts expect that Trilogy Metals will post -0.05 earnings per share for the current fiscal year.

Insider Transactions at Trilogy Metals

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

Institutional Investors Weigh In On Trilogy Metals

Several hedge funds have recently modified their holdings of the stock. Electrum Group LLC purchased a new stake in shares of Trilogy Metals in the fourth quarter valued at about $136,216,000. TSP Capital Management Group LLC grew its holdings in Trilogy Metals by 0.3% in the first quarter. TSP Capital Management Group LLC now owns 6,754,500 shares of the mining company’s stock valued at $24,249,000 after purchasing an additional 23,500 shares during the last quarter. Tidal Investments LLC grew its stake in Trilogy Metals by 33.0% in the 3rd quarter. Tidal Investments LLC now owns 3,625,129 shares of the mining company’s stock valued at $7,613,000 after acquiring an additional 899,656 shares during the last quarter. Goehring & Rozencwajg Associates LLC increased its stake in shares of Trilogy Metals by 22.7% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 1,728,153 shares of the mining company’s stock worth $6,221,000 after purchasing an additional 319,949 shares in the last quarter. Finally, Walleye Capital LLC raised its holdings in shares of Trilogy Metals by 271.7% in the first quarter. Walleye Capital LLC now owns 945,678 shares of the mining company’s stock worth $3,395,000 after acquiring an additional 691,267 shares during the last quarter. 16.75% of the stock is owned by institutional investors and hedge funds.

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.