Trilogy Metals (NYSEAMERICAN:TMQ) Raised to “Moderate Buy” at Cormark

Trilogy Metals (NYSEAMERICAN:TMQ) was upgraded by research analysts at Cormark from a “hold” rating to a “moderate buy” rating in a research note issued on Thursday,Zacks.com reports.

Other analysts also recently issued reports about the company. Cowen restated a “hold” rating on shares of Trilogy Metals in a report on Tuesday, October 7th. TD Securities reissued a “hold” rating on shares of Trilogy Metals in a research note on Tuesday, October 7th. Raymond James Financial upgraded Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, October 7th. Cantor Fitzgerald upgraded Trilogy Metals to a “buy” rating and set a $10.00 target price on the stock in a report on Tuesday, October 7th. Finally, BMO Capital Markets restated a “market perform” rating and set a $5.50 price target on shares of Trilogy Metals in a report on Friday, October 10th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $7.75.

Trilogy Metals Price Performance

Shares of NYSEAMERICAN TMQ opened at $4.65 on Thursday. The company has a 50 day simple moving average of $4.79 and a 200 day simple moving average of $2.90. Trilogy Metals has a 1 year low of $1.06 and a 1 year high of $11.29. The firm has a market cap of $795.48 million, a PE ratio of -93.00 and a beta of 1.16.

Insider Buying and Selling

In other Trilogy Metals news, Director Janice Stairs sold 50,613 shares of the firm’s stock in a transaction 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 sale, the director directly owned 508,608 shares in the company, valued at approximately $3,336,468.48. This trade represents a 9.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William Beckwith Hayden sold 200,000 shares of Trilogy Metals stock in a transaction on Thursday, October 9th. The shares were sold at an average price of $6.61, for a total transaction of $1,322,000.00. Following the completion of the sale, the director directly owned 382,685 shares of the company’s stock, valued at approximately $2,529,547.85. This trade represents a 34.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,064,506 shares of company stock worth $7,275,194 over the last ninety days. 15.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. boosted its position in shares of Trilogy Metals by 120.0% during the second quarter. Envestnet Asset Management Inc. now owns 562,080 shares of the mining company’s stock valued at $759,000 after buying an additional 306,547 shares during the last quarter. TSP Capital Management Group LLC lifted its stake in Trilogy Metals by 17.8% during the 2nd quarter. TSP Capital Management Group LLC now owns 6,152,500 shares of the mining company’s stock valued at $8,306,000 after acquiring an additional 930,000 shares in the last quarter. DLD Asset Management LP purchased a new position in Trilogy Metals during the 1st quarter worth $388,000. Old West Investment Management LLC grew its stake in shares of Trilogy Metals by 61.1% in the 1st quarter. Old West Investment Management LLC now owns 12,611,879 shares of the mining company’s stock worth $19,611,000 after acquiring an additional 4,781,670 shares in the last quarter. Finally, Birchbrook Inc. raised its holdings in shares of Trilogy Metals by 25.0% in the first quarter. Birchbrook Inc. now owns 50,000 shares of the mining company’s stock valued at $78,000 after purchasing an additional 10,000 shares during the last quarter. Institutional investors and hedge funds own 16.75% of the company’s stock.

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.