Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Given Consensus Rating of “Moderate Buy” by Brokerages

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) has been given an average rating of “Moderate Buy” by the six analysts that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $7.75.

A number of brokerages have commented on TMQ. Raymond James Financial reissued a “market perform” rating on shares of Trilogy Metals in a research note on Wednesday, January 14th. TD Cowen upgraded Trilogy Metals from a “hold” rating to a “buy” rating in a report on Friday, February 20th. Cormark raised shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research report on Thursday, December 18th. Finally, TD Securities upgraded shares of Trilogy Metals from a “hold” rating to a “buy” rating in a research note on Friday, February 20th.

Insider Activity

In other news, Director William L. Iggiagruk Hensley sold 25,107 shares of the business’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $4.40, for a total transaction of $110,470.80. Following the completion of the sale, the director directly owned 18,531 shares of the company’s stock, valued at $81,536.40. The trade was a 57.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 15.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Trilogy Metals

Several large investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its stake in Trilogy Metals by 120.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 562,080 shares of the mining company’s stock valued at $759,000 after purchasing an additional 306,547 shares during the last quarter. TSP Capital Management Group LLC raised its stake in shares of 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 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 purchasing an additional 201,000 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Trilogy Metals in the second quarter valued at approximately $115,000. Finally, DLD Asset Management LP lifted its holdings in shares of Trilogy Metals by 20.0% in the second quarter. DLD Asset Management LP now owns 300,000 shares of the mining company’s stock valued at $405,000 after purchasing an additional 50,000 shares in the last quarter. Institutional investors own 16.75% of the company’s stock.

Trilogy Metals Stock Performance

TMQ stock opened at $4.00 on Monday. The stock’s 50 day simple moving average is $4.87 and its 200 day simple moving average is $4.20. Trilogy Metals has a fifty-two week low of $1.13 and a fifty-two week high of $11.29. The company has a market cap of $690.20 million, a P/E ratio of -16.00 and a beta of 1.21.

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.