Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Trilogy Metals Inc. (NYSEAMERICAN:TMQ) have been assigned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $7.75.

Several brokerages have recently weighed in on TMQ. Freedom Capital upgraded shares of Trilogy Metals to a “strong-buy” rating in a research note on Thursday, March 19th. TD Securities upgraded Trilogy Metals from a “hold” rating to a “buy” rating in a research note on Friday, February 20th. Raymond James Financial reaffirmed a “market perform” rating on shares of Trilogy Metals in a report on Wednesday, January 14th. Cormark raised Trilogy Metals from a “hold” rating to a “moderate buy” rating in a report on Thursday, December 18th. Finally, TD Cowen upgraded Trilogy Metals from a “hold” rating to a “buy” rating in a research report on Friday, February 20th.

Trilogy Metals Price Performance

Shares of NYSEAMERICAN:TMQ opened at $3.77 on Friday. The stock has a market capitalization of $650.51 million, a PE ratio of -15.08 and a beta of 1.31. The firm’s 50 day moving average price is $4.32 and its 200-day moving average price is $4.41. Trilogy Metals has a twelve month low of $1.13 and a twelve month high of $11.29.

Insider Activity

In related news, Director William L. Iggiagruk Hensley sold 25,107 shares of the business’s stock in a transaction that occurred 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 approximately $81,536.40. The trade was 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. Company insiders own 15.20% of the company’s stock.

Hedge Funds Weigh In On Trilogy Metals

Large investors have recently added to or reduced their stakes in the company. TSP Capital Management Group LLC increased its stake in shares of Trilogy Metals by 9.1% in 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 purchasing an additional 562,500 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Trilogy Metals by 80.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,013,517 shares of the mining company’s stock valued at $2,128,000 after buying an additional 451,437 shares in the last quarter. Old West Investment Management LLC boosted its holdings in 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 buying an additional 1,071,126 shares during the period. GAM Holding AG bought a new position in Trilogy Metals in the 3rd quarter worth $420,000. Finally, Compass Wealth Management LLC purchased a new stake in Trilogy Metals in the 3rd quarter worth $63,000. 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.