Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Stock Has Consensus Price Target of $7.75

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) has been given an average recommendation of “Moderate Buy” by the nine brokerages that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $7.75.

A number of equities research analysts have recently weighed in on TMQ shares. UBS Group lowered shares of Trilogy Metals to a “hold” rating in a research note on Wednesday, August 5th. Freedom Capital downgraded Trilogy Metals from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Finally, Zacks Research raised shares of Trilogy Metals from a “strong sell” rating to a “hold” rating in a report on Monday, September 7th.

Institutional Investors Weigh In On Trilogy Metals

Several hedge funds and other institutional investors have recently modified their holdings of TMQ. Engineers Gate Manager LP bought a new stake in Trilogy Metals during the second quarter valued at about $287,000. Squarepoint Ops LLC lifted its position in shares of Trilogy Metals by 29.3% during the 2nd quarter. Squarepoint Ops LLC now owns 21,151 shares of the mining company’s stock valued at $74,000 after buying an additional 4,789 shares in the last quarter. Moore Capital Management LP purchased a new position in shares of Trilogy Metals during the 2nd quarter valued at about $1,375,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Trilogy Metals by 10.0% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 167,135 shares of the mining company’s stock valued at $587,000 after acquiring an additional 15,161 shares during the period. Finally, Bank of America Corp DE bought a new position in shares of Trilogy Metals during the 2nd quarter valued at approximately $37,000. 16.75% of the stock is currently owned by hedge funds and other institutional investors.

Trilogy Metals Stock Performance

NYSEAMERICAN:TMQ opened at $3.20 on Thursday. The firm has a market cap of $578.59 million, a PE ratio of -10.67 and a beta of 1.49. Trilogy Metals has a fifty-two week low of $2.00 and a fifty-two week high of $11.29. The business has a 50 day moving average price of $3.43 and a 200-day moving average price of $3.73.

Trilogy Metals (NYSEAMERICAN:TMQ) last issued its quarterly earnings data 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 quarter in the previous year, the company earned ($0.01) EPS. Research analysts predict that Trilogy Metals will post -0.08 EPS for the current year.

About Trilogy Metals

Trilogy Metals Inc is a mineral exploration and development company focused on advancing copper and other base- and precious-metal assets in Alaska. The company is not a producing mining company; its activities center on exploration, resource evaluation, permitting and project development.

Trilogy’s principal assets are located in the Ambler mining district of northwestern Alaska and include the Arctic and Bornite projects. The Arctic deposit is known for copper, zinc, lead, gold and silver mineralization, while the Bornite project is a copper-focused exploration and development property with additional mineralization.