Trilogy Metals Q3 EPS Lifted by Raymond James Financial

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) – Investment analysts at Raymond James Financial raised their Q3 2026 earnings estimates for shares of Trilogy Metals in a report released on Tuesday, October 7th. Raymond James Financial analyst B. Macarthur now anticipates that the mining company will earn $0.00 per share for the quarter, up from their prior forecast of ($0.01). Raymond James Financial has a “Moderate Buy” rating on the stock. The consensus estimate for Trilogy Metals’ current full-year earnings is ($0.03) per share.

TMQ has been the subject of a number of other reports. TD Securities reiterated a “hold” rating on shares of Trilogy Metals in a report on Tuesday. Cowen restated a “hold” rating on shares of Trilogy Metals in a report on Tuesday. Finally, Cantor Fitzgerald upgraded shares of Trilogy Metals to a “buy” rating and set a $10.00 price objective for the company in a report on Tuesday. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $10.00.

Trilogy Metals Stock Down 2.9%

NYSEAMERICAN:TMQ opened at $6.31 on Wednesday. The company has a fifty day moving average of $2.01 and a 200 day moving average of $1.67. Trilogy Metals has a 52 week low of $0.49 and a 52 week high of $7.98. The firm has a market capitalization of $1.04 billion, a P/E ratio of -126.20 and a beta of 1.18.

Trilogy Metals (NYSEAMERICAN:TMQ) last posted 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).

Institutional Trading of Trilogy Metals

Institutional investors have recently bought and sold shares of the company. Two Sigma Investments LP purchased a new stake in Trilogy Metals during the 4th quarter valued at about $416,000. Envestnet Asset Management Inc. purchased a new stake in shares of Trilogy Metals during the 1st quarter valued at about $396,000. DLD Asset Management LP purchased a new stake in shares of Trilogy Metals during the 1st quarter valued at about $388,000. Old West Investment Management LLC boosted its holdings in shares of Trilogy Metals by 61.1% during the 1st quarter. Old West Investment Management LLC now owns 12,611,879 shares of the mining company’s stock valued at $19,611,000 after acquiring an additional 4,781,670 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Trilogy Metals during the 1st quarter valued at about $83,000. 16.75% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Trilogy Metals

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

About Trilogy Metals

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.