Trilogy Metals (NYSEAMERICAN:TMQ) Upgraded at Freedom Capital

Freedom Capital upgraded shares of Trilogy Metals (NYSEAMERICAN:TMQ) to a strong-buy rating in a report issued on Thursday,Zacks.com reports.

Other research analysts also recently issued research reports about the company. Cormark raised Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Thursday, December 18th. Raymond James Financial reissued a “market perform” rating on shares of Trilogy Metals in a research report on Wednesday, January 14th. TD Securities raised shares of Trilogy Metals from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. Finally, TD Cowen raised shares of Trilogy Metals from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.75.

Trilogy Metals Price Performance

TMQ stock opened at $3.22 on Thursday. Trilogy Metals has a 1 year low of $1.13 and a 1 year high of $11.29. The business has a 50 day simple moving average of $4.69 and a 200-day simple moving average of $4.33. The firm has a market capitalization of $555.61 million, a PE ratio of -12.88 and a beta of 1.21.

Insider Activity at Trilogy Metals

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

Hedge Funds Weigh In On Trilogy Metals

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Electrum Group LLC bought a new position in Trilogy Metals in the 4th quarter valued at about $136,216,000. Old West Investment Management LLC lifted its stake in shares of Trilogy Metals by 9.7% in 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 acquiring an additional 1,071,126 shares during the period. Tidal Investments LLC boosted its holdings in shares of Trilogy Metals by 33.0% in the third quarter. Tidal Investments LLC now owns 3,625,129 shares of the mining company’s stock valued at $7,613,000 after acquiring an additional 899,656 shares in the last quarter. 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 valued at $14,102,000 after acquiring an additional 562,500 shares during the period. Finally, Alyeska Investment Group L.P. acquired a new stake in Trilogy Metals in the third quarter worth approximately $1,050,000. 16.75% of the stock is owned by 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.