Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Receives Average Rating of “Hold” from Brokerages

Shares of Trilogy Metals Inc. (NYSEAMERICAN:TMQ) have been given a consensus rating of “Hold” by the six brokerages that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $7.75.

TMQ has been the subject of several recent analyst reports. Cormark cut Trilogy Metals from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 8th. TD Securities reiterated a “hold” rating on shares of Trilogy Metals in a research report on Tuesday, October 7th. Cantor Fitzgerald raised Trilogy Metals to a “buy” rating and set a $10.00 target price for the company in a report on Tuesday, October 7th. Cowen reissued a “hold” rating on shares of Trilogy Metals in a research note on Tuesday, October 7th. Finally, BMO Capital Markets restated a “market perform” rating and set a $5.50 price objective on shares of Trilogy Metals in a report on Friday, October 10th.

Trilogy Metals Stock Up 7.8%

TMQ opened at $4.28 on Friday. The firm has a market cap of $719.43 million, a price-to-earnings ratio of -85.60 and a beta of 1.18. Trilogy Metals has a fifty-two week low of $0.99 and a fifty-two week high of $11.29. The company’s 50-day moving average price is $4.40 and its 200 day moving average price is $2.56.

Insiders Place Their Bets

In related news, Director Janice Stairs sold 50,613 shares of the firm’s stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $6.56, for a total value of $332,021.28. Following the completion of the transaction, the director owned 508,608 shares of the company’s stock, valued at approximately $3,336,468.48. This trade represents a 9.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Elaine Sanders sold 449,599 shares of Trilogy Metals stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $6.84, for a total transaction of $3,075,257.16. Following the transaction, the chief financial officer owned 3,149,561 shares in the company, valued at approximately $21,542,997.24. The trade was a 12.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,064,506 shares of company stock worth $7,275,194 in the last quarter. Corporate insiders own 15.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Alyeska Investment Group L.P. acquired a new position in Trilogy Metals in the 3rd quarter worth about $1,050,000. Tidal Investments LLC lifted its holdings in shares of Trilogy Metals by 33.0% during the 3rd quarter. Tidal Investments LLC now owns 3,625,129 shares of the mining company’s stock valued at $7,613,000 after buying an additional 899,656 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of Trilogy Metals in the 3rd quarter valued at approximately $105,000. Millennium Management LLC increased its holdings in Trilogy Metals by 24.8% in the third quarter. Millennium Management LLC now owns 401,668 shares of the mining company’s stock worth $844,000 after buying an additional 79,719 shares during the last quarter. Finally, Two Sigma Investments LP increased its holdings in Trilogy Metals by 52.3% in the third quarter. Two Sigma Investments LP now owns 326,721 shares of the mining company’s stock worth $686,000 after buying an additional 112,127 shares during the last quarter. Hedge funds and other institutional investors own 16.75% of the company’s stock.

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.