Trilogy Metals (NYSEAMERICAN:TMQ) Upgraded to Hold at Zacks Research

Trilogy Metals (NYSEAMERICAN:TMQ) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday, Zacks reports.

A number of other research analysts also recently issued reports on TMQ. UBS Group downgraded shares of Trilogy Metals to a “hold” rating in a research report on Wednesday, August 5th. Freedom Capital cut shares of Trilogy Metals from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $7.75.

Trilogy Metals Stock Performance

Shares of TMQ stock opened at $3.49 on Monday. The firm has a market cap of $602.37 million, a P/E ratio of -11.63 and a beta of 1.49. Trilogy Metals has a fifty-two week low of $1.79 and a fifty-two week high of $11.29. The business’s 50 day moving average price is $3.41 and its 200-day moving average price is $3.80.

Trilogy Metals (NYSEAMERICAN:TMQ) last announced its earnings results on Wednesday, July 8th. The mining company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). During the same quarter in the prior year, the company posted ($0.01) earnings per share. As a group, equities analysts predict that Trilogy Metals will post -0.08 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Electrum Group LLC bought a new stake in shares of Trilogy Metals during the fourth quarter valued at approximately $136,216,000. Old West Investment Management LLC purchased a new stake in Trilogy Metals in the second quarter worth $21,385,000. Tidal Investments LLC raised its holdings in Trilogy Metals by 33.0% in the third quarter. Tidal Investments LLC now owns 3,625,129 shares of the mining company’s stock worth $7,613,000 after purchasing an additional 899,656 shares in the last quarter. Walleye Capital LLC raised its holdings in 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 purchasing an additional 691,267 shares in the last quarter. Finally, Alyeska Investment Group L.P. purchased a new position in Trilogy Metals during the third quarter valued at $1,050,000. Hedge funds and other institutional investors own 16.75% of the company’s stock.

About Trilogy Metals

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.