Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Receives Average Rating of “Hold” from Analysts

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) has earned an average rating of “Hold” from the six research firms that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $7.75.

A number of brokerages have recently commented on TMQ. Cowen reiterated a “hold” rating on shares of Trilogy Metals in a research report on Tuesday, October 7th. Raymond James Financial reiterated a “market perform” rating on shares of Trilogy Metals in a report on Wednesday. Cantor Fitzgerald upgraded Trilogy Metals to a “buy” rating and set a $10.00 target price on the stock in a report on Tuesday, October 7th. BMO Capital Markets restated a “market perform” rating and issued a $5.50 price target on shares of Trilogy Metals in a research report on Friday, October 10th. Finally, Cormark upgraded Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research report on Thursday, December 18th.

Institutional Investors Weigh In On Trilogy Metals

A number of hedge funds have recently modified their holdings of the company. Old West Investment Management LLC boosted its holdings in Trilogy Metals by 9.7% in the 3rd quarter. Old West Investment Management LLC now owns 12,165,552 shares of the mining company’s stock valued at $25,548,000 after purchasing an additional 1,071,126 shares during the last quarter. TSP Capital Management Group LLC raised its position 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 period. Tidal Investments LLC lifted 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 valued at $7,613,000 after acquiring an additional 899,656 shares during the last quarter. Goehring & Rozencwajg Associates LLC lifted its holdings in Trilogy Metals by 4.6% in the third quarter. Goehring & Rozencwajg Associates LLC now owns 1,338,321 shares of the mining company’s stock valued at $2,845,000 after acquiring an additional 58,812 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Trilogy Metals by 80.3% in the third quarter. Envestnet Asset Management Inc. now owns 1,013,517 shares of the mining company’s stock worth $2,128,000 after acquiring an additional 451,437 shares during the period. Hedge funds and other institutional investors own 16.75% of the company’s stock.

Trilogy Metals Stock Performance

Shares of TMQ stock opened at $5.51 on Friday. The stock’s fifty day moving average is $4.54 and its two-hundred day moving average is $3.41. The firm has a market capitalization of $942.60 million, a P/E ratio of -110.20 and a beta of 1.17. Trilogy Metals has a fifty-two week low of $1.11 and a fifty-two week high of $11.29.

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.