Analysts Set Trilogy Metals Inc. (NYSEAMERICAN:TMQ) PT at $7.75

Shares of Trilogy Metals Inc. (NYSEAMERICAN:TMQ) have been assigned an average recommendation of “Hold” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $7.75.

A number of brokerages have recently weighed in on TMQ. Raymond James Financial restated a “market perform” rating on shares of Trilogy Metals in a research report on Wednesday, January 14th. Cormark upgraded Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Thursday, December 18th.

Hedge Funds Weigh In On Trilogy Metals

Institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its position in Trilogy Metals by 26.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 27,514 shares of the mining company’s stock worth $119,000 after buying an additional 5,821 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Trilogy Metals by 10.4% in the 4th quarter. Marshall Wace LLP now owns 64,657 shares of the mining company’s stock worth $279,000 after purchasing an additional 6,100 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in Trilogy Metals in the fourth quarter worth approximately $27,000. Spire Wealth Management boosted its holdings in Trilogy Metals by 55.1% in the third quarter. Spire Wealth Management now owns 18,774 shares of the mining company’s stock worth $39,000 after acquiring an additional 6,669 shares in the last quarter. Finally, State of Wyoming bought a new position in shares of Trilogy Metals during the fourth quarter valued at about $32,000. 16.75% of the stock is currently owned by institutional investors.

Trilogy Metals Trading Down 1.4%

Shares of NYSEAMERICAN TMQ opened at $4.22 on Thursday. The stock’s fifty day simple moving average is $5.03 and its two-hundred day simple moving average is $3.92. The stock has a market capitalization of $722.21 million, a PE ratio of -84.40 and a beta of 1.18. Trilogy Metals has a 12-month low of $1.13 and a 12-month high of $11.29.

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.