Trilogy Metals (TMQ) to Release Quarterly Earnings on Friday

Trilogy Metals (NYSEAMERICAN:TMQ) is expected to be releasing its results before the market opens on Friday, February 13th. Analysts expect Trilogy Metals to post earnings of ($0.01) per share for the quarter.

Trilogy Metals Price Performance

TMQ stock opened at $4.51 on Friday. The firm has a market cap of $771.84 million, a PE ratio of -90.20 and a beta of 1.18. Trilogy Metals has a 12 month low of $1.13 and a 12 month high of $11.29. The firm has a 50 day simple moving average of $5.03 and a 200 day simple moving average of $3.79.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TMQ shares. Cormark raised Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Thursday, December 18th. BMO Capital Markets reiterated 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, Raymond James Financial restated a “market perform” rating on shares of Trilogy Metals in a report on Wednesday, January 14th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Trilogy Metals has a consensus rating of “Hold” and an average price target of $7.75.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE lifted its stake in shares of Trilogy Metals by 16.5% in the 2nd quarter. Bank of America Corp DE now owns 122,095 shares of the mining company’s stock valued at $165,000 after purchasing an additional 17,291 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in Trilogy Metals during the third quarter worth $105,000. Millennium Management LLC raised its holdings in Trilogy Metals by 24.8% during the third quarter. Millennium Management LLC now owns 401,668 shares of the mining company’s stock valued at $844,000 after buying an additional 79,719 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Trilogy Metals in the second quarter worth about $115,000. Finally, Two Sigma Investments LP boosted its stake in shares of Trilogy Metals by 52.3% during the 3rd quarter. Two Sigma Investments LP now owns 326,721 shares of the mining company’s stock worth $686,000 after acquiring an additional 112,127 shares in the last quarter. 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.