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

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) has earned an average rating of “Hold” from the six research firms that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $7.75.

A number of research analysts have weighed in on TMQ shares. Raymond James Financial reaffirmed a “market perform” rating on shares of Trilogy Metals in a report on Wednesday. Cowen restated a “hold” rating on shares of Trilogy Metals in a research note on Tuesday, October 7th. Cantor Fitzgerald raised Trilogy Metals to a “buy” rating and set a $10.00 price target for the company in a report on Tuesday, October 7th. Cormark raised Trilogy Metals from a “hold” rating to a “moderate buy” rating in a report on Thursday, December 18th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $5.50 price objective on shares of Trilogy Metals in a research report on Friday, October 10th.

Trilogy Metals Trading Down 2.7%

TMQ opened at $5.51 on Friday. Trilogy Metals has a 12 month low of $1.11 and a 12 month high of $11.29. The firm has a market cap of $942.60 million, a P/E ratio of -110.20 and a beta of 1.17. The stock has a 50-day moving average of $4.54 and a 200 day moving average of $3.41.

Hedge Funds Weigh In On Trilogy Metals

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Spire Wealth Management grew its position in shares of Trilogy Metals by 55.1% in the third quarter. Spire Wealth Management now owns 18,774 shares of the mining company’s stock valued at $39,000 after purchasing an additional 6,669 shares during the period. Silverlake Wealth Management LLC purchased a new position in Trilogy Metals in the 4th quarter valued at about $53,000. Compass Wealth Management LLC acquired a new stake in Trilogy Metals in the 3rd quarter worth about $63,000. Qube Research & Technologies Ltd purchased a new stake in Trilogy Metals during the 3rd quarter worth approximately $105,000. Finally, XTX Topco Ltd acquired a new position in shares of Trilogy Metals during the second quarter valued at approximately $115,000. 16.75% of the stock is owned by hedge funds and other 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.