Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Receives $7.75 Consensus Price Target from Brokerages

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) has received an average recommendation of “Hold” from the nine brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $7.75.

Several research firms have recently issued reports on TMQ. Freedom Capital lowered Trilogy Metals from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Zacks Research downgraded shares of Trilogy Metals from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Finally, UBS Group lowered shares of Trilogy Metals to a “hold” rating in a research note on Wednesday, August 5th.

Trilogy Metals Stock Down 6.0%

TMQ stock opened at $3.27 on Friday. Trilogy Metals has a twelve month low of $1.66 and a twelve month high of $11.29. The firm has a market cap of $564.40 million, a PE ratio of -10.90 and a beta of 1.49. The business has a 50 day moving average of $3.42 and a 200 day moving average of $3.82.

Trilogy Metals (NYSEAMERICAN:TMQ) last released its earnings results on Wednesday, July 8th. The mining company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.03). During the same period last year, the company earned ($0.01) earnings per share. On average, research analysts expect that Trilogy Metals will post -0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Trilogy Metals

Hedge funds have recently added to or reduced their stakes in the stock. Electrum Group LLC purchased a new stake in shares of Trilogy Metals in the 4th quarter worth $136,216,000. TSP Capital Management Group LLC lifted its holdings in shares of Trilogy Metals by 0.3% in the first quarter. TSP Capital Management Group LLC now owns 6,754,500 shares of the mining company’s stock worth $24,249,000 after buying an additional 23,500 shares in the last quarter. Old West Investment Management LLC purchased a new stake in Trilogy Metals in the 2nd quarter worth $21,385,000. Tidal Investments LLC lifted its position 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 worth $7,613,000 after buying an additional 899,656 shares in the last quarter. Finally, Goehring & Rozencwajg Associates LLC raised its holdings in shares of Trilogy Metals by 22.7% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 1,728,153 shares of the mining company’s stock worth $6,221,000 after acquiring an additional 319,949 shares in the last quarter. 16.75% of the stock is currently owned by hedge funds and other 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.