Trilogy Metals (TMQ) Projected to Post Quarterly Earnings on Friday

Trilogy Metals (NYSEAMERICAN:TMQ) is projected to issue its results before the market opens on Friday, February 13th. Analysts expect the company to announce earnings of ($0.01) per share for the quarter.

Trilogy Metals Stock Performance

TMQ stock opened at $4.51 on Friday. The firm has a market cap of $771.84 million, a price-to-earnings ratio of -90.20 and a beta of 1.18. The firm has a 50-day simple moving average of $5.03 and a two-hundred day simple moving average of $3.79. Trilogy Metals has a one year low of $1.13 and a one year high of $11.29.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. BMO Capital Markets reaffirmed a “market perform” rating and set a $5.50 target price on shares of Trilogy Metals in a report on Friday, October 10th. Raymond James Financial reissued a “market perform” rating on shares of Trilogy Metals in a report on Wednesday, January 14th. Finally, Cormark upgraded Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Thursday, December 18th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $7.75.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE raised its position in shares of Trilogy Metals by 16.5% during the 2nd quarter. Bank of America Corp DE now owns 122,095 shares of the mining company’s stock worth $165,000 after purchasing an additional 17,291 shares during the period. Qube Research & Technologies Ltd acquired a new stake in Trilogy Metals in the third quarter worth $105,000. Millennium Management LLC increased its position in Trilogy Metals by 24.8% in the third quarter. Millennium Management LLC now owns 401,668 shares of the mining company’s stock worth $844,000 after buying an additional 79,719 shares during the period. XTX Topco Ltd bought a new stake in Trilogy Metals in the second quarter valued at $115,000. Finally, Two Sigma Investments LP boosted its holdings in shares of Trilogy Metals by 52.3% during the third quarter. Two Sigma Investments LP now owns 326,721 shares of the mining company’s stock valued at $686,000 after acquiring an additional 112,127 shares during the period. Hedge funds and other 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.