William Iggiagruk Hensley Sells 25,107 Shares of Trilogy Metals (NYSEAMERICAN:TMQ) Stock

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Director William Iggiagruk Hensley sold 25,107 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $4.40, for a total value of $110,470.80. Following the transaction, the director directly owned 18,531 shares in the company, valued at approximately $81,536.40. This represents a 57.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Trilogy Metals Trading Down 0.9%

Trilogy Metals stock traded down $0.04 during mid-day trading on Friday, reaching $4.43. The company’s stock had a trading volume of 2,544,339 shares, compared to its average volume of 5,906,893. Trilogy Metals Inc. has a twelve month low of $1.13 and a twelve month high of $11.29. The business has a 50 day moving average price of $4.94 and a 200-day moving average price of $4.06. The firm has a market cap of $764.40 million, a price-to-earnings ratio of -17.72 and a beta of 1.18.

Hedge Funds Weigh In On Trilogy Metals

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC raised its stake in Trilogy Metals by 64.8% during the 4th quarter. Virtu Financial LLC now owns 21,207 shares of the mining company’s stock valued at $91,000 after purchasing an additional 8,337 shares during the period. Mackenzie Financial Corp purchased a new position in shares of Trilogy Metals during the fourth quarter valued at $416,000. Janus Henderson Group PLC acquired a new position in Trilogy Metals during the fourth quarter valued at $223,000. Engineers Gate Manager LP purchased a new stake in Trilogy Metals in the 4th quarter worth about $89,000. Finally, Jump Financial LLC purchased a new stake in Trilogy Metals in the 4th quarter worth about $60,000. 16.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TMQ. Raymond James Financial reissued a “market perform” rating on shares of Trilogy Metals in a research note on Wednesday, January 14th. Cormark upgraded shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research report on Thursday, December 18th. TD Securities raised shares of Trilogy Metals from a “hold” rating to a “buy” rating in a report on Friday, February 20th. Finally, TD Cowen upgraded shares of Trilogy Metals from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Trilogy Metals presently has an average rating of “Moderate Buy” and an average price target of $7.75.

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.