Envestnet Asset Management Inc. Takes $396,000 Position in Trilogy Metals Inc. (NYSEAMERICAN:TMQ)

Envestnet Asset Management Inc. purchased a new stake in Trilogy Metals Inc. (NYSEAMERICAN:TMQ) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 255,533 shares of the mining company’s stock, valued at approximately $396,000. Envestnet Asset Management Inc. owned 0.16% of Trilogy Metals at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Goehring & Rozencwajg Associates LLC grew its stake in Trilogy Metals by 0.8% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 1,402,797 shares of the mining company’s stock worth $2,282,000 after buying an additional 10,600 shares in the last quarter. Total Wealth Planning & Management Inc. acquired a new position in shares of Trilogy Metals during the fourth quarter worth $119,000. Wexford Capital LP increased its holdings in shares of Trilogy Metals by 15.5% during the fourth quarter. Wexford Capital LP now owns 5,282,761 shares of the mining company’s stock worth $6,128,000 after buying an additional 708,469 shares in the last quarter. Two Sigma Advisers LP bought a new position in shares of Trilogy Metals in the 4th quarter valued at $221,000. Finally, Two Sigma Investments LP acquired a new stake in shares of Trilogy Metals during the 4th quarter valued at $416,000. Institutional investors and hedge funds own 16.75% of the company’s stock.

Trilogy Metals Stock Down 0.6%

Shares of TMQ stock opened at $1.57 on Thursday. Trilogy Metals Inc. has a twelve month low of $0.47 and a twelve month high of $2.09. The stock’s fifty day simple moving average is $1.52 and its 200 day simple moving average is $1.43. The firm has a market capitalization of $257.86 million, a P/E ratio of -31.40 and a beta of 1.17.

Trilogy Metals (NYSEAMERICAN:TMQ) last announced its quarterly earnings results on Thursday, July 10th. The mining company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). As a group, equities research analysts expect that Trilogy Metals Inc. will post -0.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other Trilogy Metals news, Director William L. Iggiagruk Hensley sold 50,000 shares of Trilogy Metals stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $1.74, for a total transaction of $87,000.00. Following the transaction, the director directly owned 143,638 shares of the company’s stock, valued at approximately $249,930.12. The trade was a 25.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 15.20% of the stock is owned by insiders.

Trilogy Metals Company Profile

Trilogy Metals Inc, a base metals exploration company, engages in the exploration and development of mineral properties in the United States. The company explores for copper, cobalt, lead, zinc, gold, and silver properties. 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 448,217 acres located in the Ambler mining district in Northwest Alaska.