Trilogy Metals (TMQ) to Release Quarterly Earnings on Wednesday

Trilogy Metals (NYSEAMERICAN:TMQ) is anticipated to release its results before the market opens on Wednesday, April 1st. Analysts expect Trilogy Metals to post earnings of ($0.01) per share for the quarter.

Trilogy Metals Stock Performance

Shares of NYSEAMERICAN TMQ opened at $3.26 on Tuesday. The business has a 50 day simple moving average of $4.44 and a 200 day simple moving average of $4.41. Trilogy Metals has a 52 week low of $1.13 and a 52 week high of $11.29. The stock has a market cap of $562.51 million, a price-to-earnings ratio of -13.04 and a beta of 1.21.

Insider Buying and Selling at Trilogy Metals

In other news, Director William L. Iggiagruk Hensley sold 25,107 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $4.40, for a total transaction of $110,470.80. Following the sale, the director directly owned 18,531 shares in the company, valued at approximately $81,536.40. The trade was a 57.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 15.20% of the company’s stock.

Hedge Funds Weigh In On Trilogy Metals

Hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its position in shares of Trilogy Metals by 26.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 27,514 shares of the mining company’s stock valued at $119,000 after acquiring an additional 5,821 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Trilogy Metals by 10.4% during the 4th quarter. Marshall Wace LLP now owns 64,657 shares of the mining company’s stock worth $279,000 after buying an additional 6,100 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Trilogy Metals during the fourth quarter worth $27,000. State of Wyoming acquired a new position in Trilogy Metals during the fourth quarter worth $32,000. Finally, Virtu Financial LLC lifted its holdings in shares of Trilogy Metals by 64.8% during the fourth quarter. Virtu Financial LLC now owns 21,207 shares of the mining company’s stock valued at $91,000 after acquiring an additional 8,337 shares during the period. Institutional investors and hedge funds own 16.75% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Cormark upgraded shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Thursday, December 18th. TD Cowen upgraded shares of Trilogy Metals from a “hold” rating to a “buy” rating in a report on Friday, February 20th. Raymond James Financial reissued a “market perform” rating on shares of Trilogy Metals in a research report on Wednesday, January 14th. Freedom Capital upgraded shares of Trilogy Metals to a “strong-buy” rating in a report on Thursday, March 19th. Finally, TD Securities raised shares of Trilogy Metals from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.