Cormark Comments on Trilogy Metals Inc.’s FY2023 Earnings (NYSEAMERICAN:TMQ)

Trilogy Metals Inc. (NYSEAMERICAN:TMQGet Rating) – Cormark issued their FY2023 earnings per share (EPS) estimates for Trilogy Metals in a research note issued on Thursday, May 19th. Cormark analyst S. Ioannou forecasts that the mining company will post earnings of ($0.02) per share for the year.

TMQ has been the topic of several other reports. National Bank Financial reiterated a “sector perform overweight” rating on shares of Trilogy Metals in a report on Thursday, February 24th. Raymond James reduced their target price on shares of Trilogy Metals from C$3.75 to C$3.00 in a report on Thursday, February 24th. Zacks Investment Research cut shares of Trilogy Metals from a “buy” rating to a “sell” rating in a report on Tuesday, April 12th. BMO Capital Markets cut their price target on shares of Trilogy Metals from C$3.00 to C$1.75 in a research note on Thursday, February 24th. Finally, TD Securities downgraded Trilogy Metals from a “buy” rating to a “hold” rating in a research note on Thursday, February 24th.

TMQ opened at $0.94 on Monday. Trilogy Metals has a 1 year low of $0.83 and a 1 year high of $3.06. The firm has a market capitalization of $136.74 million, a P/E ratio of -6.27 and a beta of 1.57.

Trilogy Metals (NYSEAMERICAN:TMQGet Rating) last issued its quarterly earnings results on Wednesday, April 6th. The mining company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.02).

Several institutional investors have recently modified their holdings of TMQ. Virtu Financial LLC acquired a new position in Trilogy Metals during the first quarter worth about $29,000. Raymond James & Associates purchased a new position in shares of Trilogy Metals in the third quarter worth approximately $35,000. Acadian Asset Management LLC purchased a new position in shares of Trilogy Metals in the first quarter worth approximately $35,000. Bank of Montreal Can purchased a new position in shares of Trilogy Metals in the first quarter worth approximately $36,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Trilogy Metals by 100.3% in the third quarter. Dimensional Fund Advisors LP now owns 21,693 shares of the mining company’s stock worth $40,000 after acquiring an additional 10,865 shares in the last quarter. Institutional investors and hedge funds own 28.37% of the company’s stock.

In other Trilogy Metals news, CEO Tony Giardini purchased 50,000 shares of Trilogy Metals stock in a transaction on Thursday, February 24th. The shares were purchased at an average cost of $0.94 per share, with a total value of $47,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 8.40% of the company’s stock.

Trilogy Metals Company Profile (Get Rating)

Trilogy Metals Inc, a base metals exploration company, explores for and develops mineral properties in the United States. It principally holds interests in the Upper Kobuk mineral projects that include the Arctic, which contains polymetallic volcanogenic massive sulfide deposits; and Bornite that contains carbonate-hosted copper – cobalt deposits covering an area of approximately 426,690 acres located in the Ambler mining district in Northwest Alaska.

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