Trilogy Metals (NYSEAMERICAN:TMQ) Upgraded to “Outperform” at Raymond James Financial

Raymond James Financial upgraded shares of Trilogy Metals (NYSEAMERICAN:TMQ) from a market perform rating to an outperform rating in a report issued on Monday, MarketBeat Ratings reports.

TMQ has been the subject of a number of other reports. Cormark raised shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research report on Thursday, December 18th. TD Securities raised shares of Trilogy Metals from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. Freedom Capital raised shares of Trilogy Metals to a “strong-buy” rating in a research report on Thursday, March 19th. Finally, TD Cowen raised shares of Trilogy Metals from a “hold” rating to a “buy” rating in a report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $7.75.

Trilogy Metals Price Performance

Shares of TMQ opened at $3.83 on Monday. Trilogy Metals has a 1-year low of $1.13 and a 1-year high of $11.29. The stock has a market cap of $660.87 million, a PE ratio of -14.19 and a beta of 1.31. The firm has a fifty day moving average price of $4.22 and a 200 day moving average price of $4.47.

Insider Activity at Trilogy Metals

In other news, Director William L. Iggiagruk Hensley sold 25,107 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $4.40, for a total value of $110,470.80. Following the completion of the sale, the director directly owned 18,531 shares of the company’s stock, valued at approximately $81,536.40. This represents a 57.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 15.20% of the company’s stock.

Institutional Investors Weigh In On Trilogy Metals

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Electrum Group LLC purchased a new stake in shares of Trilogy Metals in the fourth quarter valued at about $136,216,000. Old West Investment Management LLC increased its stake in shares of Trilogy Metals by 9.7% during the third quarter. Old West Investment Management LLC now owns 12,165,552 shares of the mining company’s stock worth $25,548,000 after acquiring an additional 1,071,126 shares during the period. TSP Capital Management Group LLC increased its stake in shares of Trilogy Metals by 9.1% during the third quarter. TSP Capital Management Group LLC now owns 6,715,000 shares of the mining company’s stock worth $14,102,000 after acquiring an additional 562,500 shares during the period. Tidal Investments LLC increased its stake in shares of Trilogy Metals by 33.0% during the third quarter. Tidal Investments LLC now owns 3,625,129 shares of the mining company’s stock worth $7,613,000 after acquiring an additional 899,656 shares during the period. Finally, Goehring & Rozencwajg Associates LLC increased its stake in shares of Trilogy Metals by 5.2% during the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 1,408,204 shares of the mining company’s stock worth $6,105,000 after acquiring an additional 69,883 shares during the period. 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.