Trilogy Metals Inc. $TMQ Shares Bought by TSP Capital Management Group LLC

TSP Capital Management Group LLC raised its stake in shares of Trilogy Metals Inc. (NYSEAMERICAN:TMQ) by 9.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,715,000 shares of the mining company’s stock after purchasing an additional 562,500 shares during the period. Trilogy Metals accounts for 3.8% of TSP Capital Management Group LLC’s holdings, making the stock its 12th biggest position. TSP Capital Management Group LLC owned about 3.99% of Trilogy Metals worth $14,102,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Birchbrook Inc. lifted its stake in Trilogy Metals by 25.0% in the 1st quarter. Birchbrook Inc. now owns 50,000 shares of the mining company’s stock valued at $78,000 after buying an additional 10,000 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Trilogy Metals during the second quarter valued at approximately $115,000. Jane Street Group LLC purchased a new position in shares of Trilogy Metals in the second quarter valued at approximately $154,000. Bank of America Corp DE boosted 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 acquiring an additional 17,291 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Trilogy Metals by 5,289.5% in the second quarter. JPMorgan Chase & Co. now owns 204,800 shares of the mining company’s stock worth $276,000 after acquiring an additional 201,000 shares during the last quarter. Hedge funds and other institutional investors own 16.75% of the company’s stock.

Insiders Place Their Bets

In other news, Director Diana J. Walters sold 100,000 shares of the stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $7.03, for a total transaction of $703,000.00. Following the completion of the transaction, the director directly owned 51,302 shares in the company, valued at approximately $360,653.06. This represents a 66.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Elaine Sanders sold 449,599 shares of the firm’s stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $6.84, for a total value of $3,075,257.16. Following the sale, the chief financial officer directly owned 3,149,561 shares of the company’s stock, valued at $21,542,997.24. The trade was a 12.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,064,506 shares of company stock worth $7,275,194. Corporate insiders own 15.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TMQ shares. TD Securities reissued a “hold” rating on shares of Trilogy Metals in a research note on Tuesday, October 7th. Raymond James Financial upgraded shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, October 7th. Cormark upgraded shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research report on Thursday, December 18th. BMO Capital Markets reiterated a “market perform” rating and issued a $5.50 price objective on shares of Trilogy Metals in a report on Friday, October 10th. Finally, Cowen reissued a “hold” rating on shares of Trilogy Metals in a research note on Tuesday, October 7th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $7.75.

Trilogy Metals Price Performance

Shares of NYSEAMERICAN TMQ opened at $4.59 on Monday. The company has a 50 day simple moving average of $4.36 and a 200-day simple moving average of $3.15. The company has a market capitalization of $785.21 million, a P/E ratio of -91.80 and a beta of 1.17. Trilogy Metals Inc. has a 1 year low of $1.06 and a 1 year high of $11.29.

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.