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

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) has been given a consensus rating of “Moderate Buy” by the seven ratings firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $7.75.

Several research analysts have weighed in on the company. Raymond James Financial restated a “market perform” rating on shares of Trilogy Metals in a research note on Wednesday, January 14th. Cormark upgraded shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research report on Thursday, December 18th. TD Cowen upgraded shares of Trilogy Metals from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. Freedom Capital raised shares of Trilogy Metals to a “strong-buy” rating in a research note on Thursday, March 19th. Finally, TD Securities upgraded shares of Trilogy Metals from a “hold” rating to a “buy” rating in a report on Friday, February 20th.

Insider Buying and Selling at Trilogy Metals

In other news, Director William L. Iggiagruk Hensley sold 25,107 shares of the firm’s stock in a transaction dated 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 transaction, the director owned 18,531 shares in the company, valued at $81,536.40. This trade represents a 57.53% decrease in their ownership of the stock. The sale 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.

Hedge Funds Weigh In On Trilogy Metals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TMQ. TSP Capital Management Group LLC grew its holdings in Trilogy Metals by 9.1% during 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 buying an additional 562,500 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Trilogy Metals by 80.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,013,517 shares of the mining company’s stock worth $2,128,000 after acquiring an additional 451,437 shares in the last quarter. Old West Investment Management LLC raised its holdings in shares of Trilogy Metals by 9.7% during the 3rd quarter. Old West Investment Management LLC now owns 12,165,552 shares of the mining company’s stock worth $25,548,000 after acquiring an additional 1,071,126 shares in the last quarter. GAM Holding AG bought a new position in shares of Trilogy Metals during the 3rd quarter valued at approximately $420,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Trilogy Metals in the fourth quarter valued at $262,000. 16.75% of the stock is owned by institutional investors.

Trilogy Metals Stock Performance

NYSEAMERICAN:TMQ opened at $3.77 on Friday. The stock has a 50-day moving average price of $4.32 and a 200 day moving average price of $4.41. The stock has a market capitalization of $650.51 million, a P/E ratio of -15.08 and a beta of 1.31. Trilogy Metals has a 12-month low of $1.13 and a 12-month high of $11.29.

About Trilogy Metals

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.