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

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) has been assigned an average recommendation of “Buy” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $7.75.

TMQ has been the topic of a number of recent research reports. Raymond James Financial raised Trilogy Metals from a “market perform” rating to an “outperform” rating in a research report on Monday, April 6th. TD Cowen raised Trilogy Metals from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. TD Securities raised Trilogy Metals from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. Finally, Freedom Capital raised Trilogy Metals to a “strong-buy” rating in a research report on Thursday, March 19th.

Trilogy Metals Trading Down 3.2%

TMQ opened at $3.92 on Wednesday. Trilogy Metals has a 12-month low of $1.28 and a 12-month high of $11.29. The business’s fifty day simple moving average is $4.22 and its 200-day simple moving average is $4.42. The company has a market capitalization of $676.40 million, a price-to-earnings ratio of -14.52 and a beta of 1.37.

Insider Buying and Selling at Trilogy Metals

In related news, Director William L. Iggiagruk Hensley sold 50,000 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $4.44, for a total transaction of $222,000.00. Following the completion of the sale, the director directly owned 18,531 shares in the company, valued at $82,277.64. This represents a 72.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 14.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Trilogy Metals

Hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Trilogy Metals during the 4th quarter worth $27,000. State of Wyoming purchased a new stake in shares of Trilogy Metals during the 4th quarter worth $32,000. Tradition Wealth Management LLC purchased a new stake in shares of Trilogy Metals during the 4th quarter worth $43,000. Leonteq Securities AG purchased a new stake in shares of Trilogy Metals during the 4th quarter worth $43,000. Finally, Silverlake Wealth Management LLC purchased a new stake in shares of Trilogy Metals during the 4th quarter worth $53,000. 16.75% of the stock is currently owned by hedge funds and other institutional investors.

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.