Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Receives $7.75 Consensus PT from Analysts

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) has been given an average recommendation of “Hold” by the six brokerages that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $7.75.

A number of brokerages recently weighed in on TMQ. Raymond James Financial restated a “market perform” rating on shares of Trilogy Metals in a research report on Wednesday, January 14th. Cormark raised shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a report on Thursday, December 18th.

Trilogy Metals Price Performance

TMQ stock opened at $4.22 on Thursday. Trilogy Metals has a 1-year low of $1.13 and a 1-year high of $11.29. The business has a 50 day simple moving average of $5.02 and a two-hundred day simple moving average of $3.95. The company has a market capitalization of $722.21 million, a price-to-earnings ratio of -84.40 and a beta of 1.18.

Hedge Funds Weigh In On Trilogy Metals

Several institutional investors have recently added to or reduced their stakes in TMQ. Envestnet Asset Management Inc. raised its holdings in shares of Trilogy Metals by 120.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 562,080 shares of the mining company’s stock worth $759,000 after acquiring an additional 306,547 shares in the last quarter. TSP Capital Management Group LLC increased its position in Trilogy Metals by 17.8% in the second quarter. TSP Capital Management Group LLC now owns 6,152,500 shares of the mining company’s stock worth $8,306,000 after purchasing an additional 930,000 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Trilogy Metals by 5,289.5% during the second quarter. JPMorgan Chase & Co. now owns 204,800 shares of the mining company’s stock valued at $276,000 after purchasing an additional 201,000 shares in the last quarter. XTX Topco Ltd bought a new position in Trilogy Metals during the second quarter valued at $115,000. Finally, DLD Asset Management LP grew its stake in shares of Trilogy Metals by 20.0% in the 2nd quarter. DLD Asset Management LP now owns 300,000 shares of the mining company’s stock worth $405,000 after buying an additional 50,000 shares in the last quarter. 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.