Trilogy Metals (NYSEAMERICAN:TMQ) Trading Down 6.2% – Should You Sell?

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) fell 6.2% during trading on Friday . The stock traded as low as $3.23 and last traded at $3.2550. 1,110,351 shares were traded during mid-day trading, a decline of 78% from the average session volume of 5,133,807 shares. The stock had previously closed at $3.47.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TMQ shares. Raymond James Financial reiterated a “market perform” rating on shares of Trilogy Metals in a report on Wednesday, January 14th. TD Cowen raised shares of Trilogy Metals from a “hold” rating to a “buy” rating in a report on Friday, February 20th. Freedom Capital upgraded shares of Trilogy Metals to a “strong-buy” rating in a research report on Thursday. Cormark raised shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Thursday, December 18th. Finally, TD Securities upgraded 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, four have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $7.75.

Trilogy Metals Stock Down 7.2%

The company has a market cap of $555.61 million, a P/E ratio of -12.88 and a beta of 1.21. The business has a fifty day moving average of $4.69 and a 200 day moving average of $4.33.

Insider Buying and Selling

In other news, Director William L. Iggiagruk Hensley sold 25,107 shares of the firm’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 trade represents a 57.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 15.20% of the company’s stock.

Hedge Funds Weigh In On Trilogy Metals

A number of institutional investors have recently bought and sold shares of TMQ. Caitong International Asset Management Co. Ltd purchased a new stake in Trilogy Metals in the fourth quarter worth about $27,000. State of Wyoming bought a new position in shares of Trilogy Metals in the 4th quarter worth approximately $32,000. Leonteq Securities AG bought a new position in shares of Trilogy Metals in the 4th quarter worth approximately $43,000. Tradition Wealth Management LLC purchased a new position in shares of Trilogy Metals in the 4th quarter valued at approximately $43,000. Finally, Silverlake Wealth Management LLC bought a new stake in shares of Trilogy Metals during the fourth quarter valued at approximately $53,000. 16.75% of the stock is owned by institutional investors.

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.