Trilogy Metals (NYSEAMERICAN:TMQ) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.98 and traded as low as $3.74. Trilogy Metals shares last traded at $3.74, with a volume of 888,840 shares changing hands.

Analyst Upgrades and Downgrades

TMQ has been the subject of a number of analyst reports. UBS Group downgraded Trilogy Metals to a “hold” rating in a research note on Wednesday, August 5th. Freedom Capital lowered Trilogy Metals from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Finally, Zacks Research lowered Trilogy Metals from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $7.75.

Trilogy Metals Stock Performance

The firm has a market cap of $645.52 million, a price-to-earnings ratio of -12.47 and a beta of 1.46. The business has a fifty day moving average of $3.44 and a two-hundred day moving average of $3.98.

Trilogy Metals (NYSEAMERICAN:TMQ) last released its quarterly earnings data on Wednesday, July 8th. The mining company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.03). During the same quarter in the previous year, the firm earned ($0.01) earnings per share. On average, equities research analysts forecast that Trilogy Metals Inc. will post -0.05 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TMQ. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Trilogy Metals in the 4th quarter worth about $27,000. State of Wyoming purchased a new position in Trilogy Metals during the 4th quarter valued at about $32,000. Tradition Wealth Management LLC acquired a new position in Trilogy Metals during the fourth quarter worth about $43,000. Leonteq Securities AG acquired a new position in Trilogy Metals during the fourth quarter worth about $43,000. Finally, Fore Capital LLC purchased a new stake in shares of Trilogy Metals in the second quarter valued at about $35,000. 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.