Wexford Capital LP Has $6.13 Million Stock Position in Trilogy Metals Inc. (NYSEAMERICAN:TMQ)

Wexford Capital LP lifted its position in shares of Trilogy Metals Inc. (NYSEAMERICAN:TMQ) by 15.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,282,761 shares of the mining company’s stock after purchasing an additional 708,469 shares during the period. Trilogy Metals accounts for about 1.0% of Wexford Capital LP’s holdings, making the stock its 15th biggest position. Wexford Capital LP’s holdings in Trilogy Metals were worth $6,128,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TMQ. XTX Topco Ltd increased its stake in shares of Trilogy Metals by 235.5% in the fourth quarter. XTX Topco Ltd now owns 47,920 shares of the mining company’s stock worth $56,000 after purchasing an additional 33,636 shares in the last quarter. Two Sigma Advisers LP purchased a new position in shares of Trilogy Metals in the fourth quarter worth about $221,000. Two Sigma Investments LP purchased a new position in shares of Trilogy Metals in the fourth quarter worth about $416,000. Pinnbrook Capital Management LP purchased a new position in shares of Trilogy Metals in the fourth quarter worth about $615,000. Finally, Bornite Capital Management LP purchased a new position in shares of Trilogy Metals in the fourth quarter worth about $812,000. Hedge funds and other institutional investors own 16.75% of the company’s stock.

Trilogy Metals Trading Down 5.6%

TMQ stock opened at $1.17 on Monday. The firm has a 50 day moving average of $1.52 and a 200-day moving average of $1.18. Trilogy Metals Inc. has a 12 month low of $0.42 and a 12 month high of $2.09. The firm has a market capitalization of $191.81 million, a P/E ratio of -23.40 and a beta of 1.54.

Wall Street Analysts Forecast Growth

Separately, Raymond James reiterated a “market perform” rating on shares of Trilogy Metals in a research note on Monday, March 24th.

Trilogy Metals Company Profile

Trilogy Metals Inc, a base metals exploration company, engages in the exploration and development of mineral properties in the United States. The company explores for copper, cobalt, lead, zinc, gold, and silver properties. It principally holds interests in the Upper Kobuk mineral projects that include the Arctic, which contains polymetallic volcanogenic massive sulfide deposits; and Bornite that contains carbonate-hosted copper – cobalt deposits covering an area of approximately 448,217 acres located in the Ambler mining district in Northwest Alaska.