Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Electrum Group LLC purchased a new position in shares of Trilogy Metals in the 2nd quarter valued at $110,932,641. TSP Capital Management Group LLC raised its stake in Trilogy Metals by 0.3% during the 1st quarter. TSP Capital Management Group LLC now owns 6,754,500 shares of the mining company’s stock worth $24,249,000 after acquiring an additional 23,500 shares in the last quarter. Old West Investment Management LLC acquired a new stake in Trilogy Metals during the 2nd quarter worth $21,385,000. Goehring & Rozencwajg Associates LLC lifted its position in Trilogy Metals by 22.7% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 1,728,153 shares of the mining company’s stock valued at $6,221,000 after acquiring an additional 319,949 shares during the last quarter. Finally, Walleye Capital LLC lifted its position in 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. Institutional investors and hedge funds own 16.75% of the company’s stock.

Trilogy Metals Stock Performance

TMQ opened at $2.06 on Monday. Trilogy Metals has a one year low of $2.06 and a one year high of $7.25. The company has a market cap of $372.47 million, a P/E ratio of -7.10 and a beta of 1.49. The business’s 50-day simple moving average is $3.15 and its 200-day simple moving average is $3.59.

Trilogy Metals Company Profile

Trilogy Metals Inc is a mineral exploration and development company focused on advancing copper and other base- and precious-metal projects in Alaska. The company’s principal assets are located in the Ambler mining district, a prospective mineral region in northwestern Alaska.

Trilogy’s Upper Kobuk Mineral Projects include the Arctic copper-zinc-lead-gold-silver deposit and the Bornite copper-cobalt deposit. Through the Ambler Metals joint venture, Trilogy is pursuing exploration, resource evaluation, engineering, permitting and other development activities related to these projects.