Moore Capital Management LP Invests $1.38 Million in Trilogy Metals Inc. $TMQ

Moore Capital Management LP bought a new stake in Trilogy Metals Inc. (NYSEAMERICAN:TMQ) during the second quarter, HoldingsChannel reports. The firm bought 391,599 shares of the mining company’s stock, valued at approximately $1,375,000.

Several other large investors have also modified their holdings of TMQ. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Trilogy Metals by 10.0% in the second 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 buying an additional 15,161 shares during the last quarter. Bank of America Corp DE bought a new position in Trilogy Metals during the 2nd quarter worth approximately $37,000. Jupiter Topco LLC acquired a new position in shares of Trilogy Metals in the 2nd quarter worth approximately $182,000. Hsbc Holdings PLC acquired a new position in shares of Trilogy Metals in the 2nd quarter worth approximately $68,000. Finally, Legal & General Group Plc bought a new stake in shares of Trilogy Metals in the 2nd quarter valued at approximately $232,000. Institutional investors own 16.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TMQ shares. Freedom Capital cut Trilogy Metals from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. UBS Group cut shares of Trilogy Metals to a “hold” rating in a report on Wednesday, August 5th. Finally, Zacks Research downgraded shares of Trilogy Metals from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $7.75.

Trilogy Metals Trading Down 0.3%

Shares of Trilogy Metals stock opened at $3.61 on Tuesday. The business’s 50 day simple moving average is $3.42 and its 200-day simple moving average is $3.84. The stock has a market capitalization of $623.09 million, a price-to-earnings ratio of -12.03 and a beta of 1.46. Trilogy Metals Inc. has a twelve month low of $1.55 and a twelve month high of $11.29.

Trilogy Metals (NYSEAMERICAN:TMQ) last released its quarterly earnings data on Wednesday, July 8th. The mining company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). During the same quarter last year, the business posted ($0.01) earnings per share. Sell-side analysts predict that Trilogy Metals Inc. will post -0.05 earnings per share for the current year.

Trilogy Metals 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.