Trilogy Metals (NYSEAMERICAN:TMQ) Stock Rating Upgraded by TD Cowen

Trilogy Metals (NYSEAMERICAN:TMQ) was upgraded by equities researchers at TD Cowen from a “hold” rating to a “buy” rating in a report issued on Friday, Marketbeat Ratings reports.

Several other equities analysts have also weighed in on TMQ. TD Securities raised shares of Trilogy Metals from a “hold” rating to a “buy” rating in a research report on Friday. Raymond James Financial restated a “market perform” rating on shares of Trilogy Metals in a research note on Wednesday, January 14th. Finally, Cormark raised shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Thursday, December 18th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $7.75.

Trilogy Metals Price Performance

Shares of TMQ stock opened at $3.91 on Friday. Trilogy Metals has a fifty-two week low of $1.13 and a fifty-two week high of $11.29. The stock’s 50-day moving average is $4.95 and its two-hundred day moving average is $4.00. The firm has a market cap of $669.16 million, a P/E ratio of -15.64 and a beta of 1.18.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TMQ. Electrum Group LLC acquired a new stake in shares of Trilogy Metals in the fourth quarter valued at about $136,216,000. Old West Investment Management LLC lifted its position in shares of Trilogy Metals by 9.7% during the 3rd quarter. Old West Investment Management LLC now owns 12,165,552 shares of the mining company’s stock worth $25,548,000 after purchasing an additional 1,071,126 shares during the last quarter. TSP Capital Management Group LLC boosted its stake in Trilogy Metals by 9.1% during the 3rd quarter. TSP Capital Management Group LLC now owns 6,715,000 shares of the mining company’s stock valued at $14,102,000 after purchasing an additional 562,500 shares during the period. Tidal Investments LLC grew its holdings in Trilogy Metals by 33.0% in 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. Finally, Goehring & Rozencwajg Associates LLC grew its holdings in Trilogy Metals by 5.2% in the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 1,408,204 shares of the mining company’s stock valued at $6,105,000 after buying an additional 69,883 shares during the last quarter. Institutional investors 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.