Trilogy Metals (NYSEAMERICAN:TMQ) Upgraded at TD Cowen

TD Cowen upgraded shares of Trilogy Metals (NYSEAMERICAN:TMQ) from a hold rating to a buy rating in a report released on Friday morning, Marketbeat reports.

Other analysts have also issued research reports about the company. Raymond James Financial restated a “market perform” rating on shares of Trilogy Metals in a 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. Finally, TD Securities upgraded shares of Trilogy Metals from a “hold” rating to a “buy” rating in a research report on Friday. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $7.75.

Trilogy Metals Price Performance

Shares of NYSEAMERICAN:TMQ opened at $3.91 on Friday. Trilogy Metals has a 12 month low of $1.13 and a 12 month high of $11.29. The stock has a market cap of $669.16 million, a price-to-earnings ratio of -15.64 and a beta of 1.18. The stock’s 50 day moving average price is $4.95 and its 200 day moving average price is $4.01.

Institutional Trading of Trilogy Metals

Several institutional investors and hedge funds have recently bought and sold shares of TMQ. Electrum Group LLC purchased a new stake in Trilogy Metals during the fourth quarter valued at about $136,216,000. Old West Investment Management LLC raised its holdings in shares of Trilogy Metals by 9.7% during the third quarter. Old West Investment Management LLC now owns 12,165,552 shares of the mining company’s stock valued at $25,548,000 after acquiring an additional 1,071,126 shares during the period. TSP Capital Management Group LLC lifted its position in shares of Trilogy Metals by 9.1% in 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 acquiring an additional 562,500 shares in the last quarter. Tidal Investments LLC boosted its stake in Trilogy Metals by 33.0% in the 3rd 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 during the period. Finally, Goehring & Rozencwajg Associates LLC boosted its stake in Trilogy Metals by 5.2% in the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 1,408,204 shares of the mining company’s stock worth $6,105,000 after purchasing an additional 69,883 shares during the period. Institutional investors and hedge funds 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.