Trilogy Metals (TMQ) Expected to Announce Earnings on Wednesday

Trilogy Metals (NYSEAMERICAN:TMQ) is expected to announce its results before the market opens on Wednesday, April 1st. Analysts expect the company to announce earnings of ($0.01) per share for the quarter.

Trilogy Metals Price Performance

Shares of NYSEAMERICAN:TMQ opened at $3.36 on Wednesday. The company has a market cap of $579.77 million, a price-to-earnings ratio of -13.44 and a beta of 1.21. The firm has a 50 day simple moving average of $4.61 and a 200 day simple moving average of $4.37. Trilogy Metals has a one year low of $1.13 and a one year high of $11.29.

Insiders Place Their Bets

In other Trilogy Metals news, Director William L. Iggiagruk Hensley sold 25,107 shares of the company’s stock in a transaction that occurred on 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 transaction, the director directly owned 18,531 shares in the company, valued at approximately $81,536.40. This represents a 57.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 15.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Trilogy Metals

Several large investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd bought a new stake in shares of Trilogy Metals in the fourth quarter worth $27,000. State of Wyoming acquired a new stake in Trilogy Metals in the fourth quarter valued at $32,000. Captrust Financial Advisors bought a new position in Trilogy Metals during the 4th quarter worth $57,000. Jump Financial LLC bought a new position in Trilogy Metals during the 4th quarter worth $60,000. Finally, Pettinga Financial Advisors LLC acquired a new position in Trilogy Metals during the 4th quarter worth about $66,000. Institutional investors own 16.75% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Cormark upgraded shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a report on Thursday, December 18th. Freedom Capital raised Trilogy Metals to a “strong-buy” rating in a report on Thursday, March 19th. Raymond James Financial restated 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 report on Friday, February 20th. Finally, TD Cowen raised Trilogy Metals from a “hold” rating to a “buy” rating in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $7.75.

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.