Trilogy Metals (NYSEAMERICAN:TMQ) Lowered to Strong Sell Rating by Zacks Research

Zacks Research lowered shares of Trilogy Metals (NYSEAMERICAN:TMQ) from a hold rating to a strong sell rating in a research report released on Monday,Zacks.com reports.

Separately, Raymond James Financial raised shares of Trilogy Metals from a “market perform” rating to an “outperform” rating in a research report on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.75.

Trilogy Metals Stock Up 7.5%

TMQ opened at $3.44 on Monday. The stock’s 50 day moving average price is $3.56 and its two-hundred day moving average price is $4.08. The firm has a market capitalization of $593.74 million, a P/E ratio of -11.47 and a beta of 1.46. Trilogy Metals has a 12-month low of $1.43 and a 12-month high of $11.29.

Trilogy Metals (NYSEAMERICAN:TMQ) last issued its quarterly earnings results on Wednesday, July 8th. The mining company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). During the same period in the prior year, the business posted ($0.01) earnings per share. As a group, analysts anticipate that Trilogy Metals will post -0.05 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director William L. Iggiagruk Hensley sold 50,000 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $4.44, for a total value of $222,000.00. Following the completion of the sale, the director owned 18,531 shares in the company, valued at $82,277.64. This represents a 72.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 14.60% of the company’s stock.

Hedge Funds Weigh In On Trilogy Metals

Several hedge funds have recently made changes to their positions in TMQ. Bank of America Corp DE lifted its position in shares of Trilogy Metals by 7.7% in the first quarter. Bank of America Corp DE now owns 384,732 shares of the mining company’s stock worth $1,381,000 after purchasing an additional 27,404 shares in the last quarter. Royal Bank of Canada lifted its position in Trilogy Metals by 476.0% during the 1st quarter. Royal Bank of Canada now owns 25,742 shares of the mining company’s stock worth $92,000 after buying an additional 21,273 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Trilogy Metals by 11.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 274,442 shares of the mining company’s stock worth $987,000 after buying an additional 29,003 shares during the last quarter. SummitTX Capital L.P. bought a new position in shares of Trilogy Metals in the 1st quarter valued at about $166,000. Finally, Walleye Capital LLC increased its position in shares of Trilogy Metals by 271.7% in the first quarter. Walleye Capital LLC now owns 945,678 shares of the mining company’s stock valued at $3,395,000 after acquiring an additional 691,267 shares during the last quarter. 16.75% of the stock is owned by institutional investors.

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.