Trilogy Metals (TMQ) to Release Quarterly Earnings on Wednesday

Trilogy Metals (NYSEAMERICAN:TMQ) is expected to issue its results before the market opens on Wednesday, April 1st. Analysts expect the company to announce earnings of ($0.01) per share for the quarter.

Trilogy Metals Price Performance

Trilogy Metals stock opened at $3.36 on Wednesday. The stock’s 50 day moving average is $4.61 and its 200 day moving average is $4.37. The firm has a market cap of $579.77 million, a P/E ratio of -13.44 and a beta of 1.21. Trilogy Metals has a one year low of $1.13 and a one year high of $11.29.

Wall Street Analysts Forecast Growth

TMQ has been the subject of a number of recent analyst reports. Freedom Capital raised shares of Trilogy Metals to a “strong-buy” rating in a research report on Thursday, March 19th. TD Cowen upgraded shares of Trilogy Metals from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. Cormark raised shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Thursday, December 18th. Raymond James Financial reiterated a “market perform” rating on shares of Trilogy Metals in a research report on Wednesday, January 14th. Finally, TD Securities raised shares of Trilogy Metals from a “hold” rating to a “buy” rating in a research note on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $7.75.

Insider Activity at Trilogy Metals

In related news, Director William L. Iggiagruk Hensley sold 25,107 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $4.40, for a total transaction of $110,470.80. Following the completion of the sale, the director owned 18,531 shares of the company’s stock, valued at $81,536.40. This trade represents a 57.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 15.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Trilogy Metals

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its holdings in shares of Trilogy Metals by 5,289.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 204,800 shares of the mining company’s stock worth $276,000 after buying an additional 201,000 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Trilogy Metals in the 2nd quarter valued at $115,000. Jane Street Group LLC bought a new stake in shares of Trilogy Metals in the 2nd quarter valued at $154,000. Bank of America Corp DE lifted its position in shares of Trilogy Metals by 16.5% during the 2nd quarter. Bank of America Corp DE now owns 122,095 shares of the mining company’s stock valued at $165,000 after acquiring an additional 17,291 shares during the period. Finally, Two Sigma Investments LP lifted its position 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 valued at $686,000 after acquiring an additional 112,127 shares during the period. 16.75% of the stock is currently owned by institutional investors.

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.