Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Receives Average Rating of “Moderate Buy” from Analysts

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $7.75.

A number of analysts have commented on the stock. Raymond James Financial reaffirmed a “market perform” rating on shares of Trilogy Metals in a research report on Wednesday, January 14th. TD Securities raised Trilogy Metals from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. TD Cowen raised Trilogy Metals from a “hold” rating to a “buy” rating in a research note on Friday, February 20th. Finally, Cormark upgraded Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research report on Thursday, December 18th.

Trilogy Metals Stock Performance

Trilogy Metals stock opened at $4.00 on Monday. The firm has a market cap of $690.20 million, a price-to-earnings ratio of -16.00 and a beta of 1.21. Trilogy Metals has a 52-week low of $1.13 and a 52-week high of $11.29. The firm has a 50 day moving average price of $4.87 and a two-hundred day moving average price of $4.20.

Insider Transactions at Trilogy Metals

In other Trilogy Metals news, Director William L. Iggiagruk Hensley sold 25,107 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $4.40, for a total value of $110,470.80. Following the transaction, the director directly owned 18,531 shares of the company’s stock, valued at approximately $81,536.40. The trade was a 57.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 15.20% of the company’s stock.

Institutional Trading of Trilogy Metals

Several hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd acquired a new position in shares of Trilogy Metals during the 4th quarter valued at $27,000. State of Wyoming acquired a new stake in Trilogy Metals in the fourth quarter worth $32,000. Spire Wealth Management increased its stake in 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 in the last quarter. Leonteq Securities AG bought a new stake in Trilogy Metals in the fourth quarter valued at $43,000. Finally, Tradition Wealth Management LLC acquired a new position in shares of Trilogy Metals during the fourth quarter valued at about $43,000. Institutional investors own 16.75% of the company’s stock.

Trilogy Metals Company Profile

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.