Trilogy Metals (NYSEAMERICAN:TMQ) Stock Price Down 6% – Should You Sell?

Trilogy Metals Inc. (NYSEAMERICAN:TMQ)’s stock price traded down 6% on Friday . The stock traded as low as $4.71 and last traded at $4.6150. 463,143 shares traded hands during trading, a decline of 89% from the average session volume of 4,135,249 shares. The stock had previously closed at $4.91.

Analysts Set New Price Targets

TMQ has been the topic of several research reports. Cantor Fitzgerald raised Trilogy Metals to a “buy” rating and set a $10.00 price objective on the stock in a research report on Tuesday, October 7th. Cormark upgraded Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Thursday, December 18th. Raymond James Financial raised Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, October 7th. TD Securities reaffirmed a “hold” rating on shares of Trilogy Metals in a research report on Tuesday, October 7th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $5.50 price objective on shares of Trilogy Metals in a research note 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’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $7.75.

Trilogy Metals Stock Down 5.3%

The stock has a market capitalization of $795.48 million, a PE ratio of -93.00 and a beta of 1.16. The stock’s 50-day moving average is $4.49 and its 200 day moving average is $3.03.

Insider Activity

In related news, Director James Gowans sold 100,000 shares of Trilogy Metals stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $7.50, for a total transaction of $750,000.00. Following the completion of the sale, the director owned 234,046 shares of the company’s stock, valued at approximately $1,755,345. This trade represents a 29.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Janice Stairs sold 50,613 shares of the business’s stock in a transaction dated 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 in the company, valued at $3,336,468.48. This trade represents a 9.05% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,064,506 shares of company stock valued at $7,275,194. 15.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its position in shares of Trilogy Metals by 120.0% in the second quarter. Envestnet Asset Management Inc. now owns 562,080 shares of the mining company’s stock valued at $759,000 after purchasing an additional 306,547 shares during the period. TSP Capital Management Group LLC boosted its holdings in shares of 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 worth $8,306,000 after buying an additional 930,000 shares during the period. DLD Asset Management LP acquired a new position in Trilogy Metals in the 1st quarter valued at $388,000. Birchbrook Inc. grew its stake in Trilogy Metals by 25.0% in the 1st quarter. Birchbrook Inc. now owns 50,000 shares of the mining company’s stock valued at $78,000 after buying an additional 10,000 shares during the last quarter. Finally, Goehring & Rozencwajg Associates LLC raised its holdings in Trilogy Metals by 4.6% in the 3rd quarter. Goehring & Rozencwajg Associates LLC now owns 1,338,321 shares of the mining company’s stock worth $2,845,000 after acquiring an additional 58,812 shares during the period. 16.75% of the stock is owned by institutional investors.

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.