Trilogy Metals (NYSEAMERICAN:TMQ) Announces Earnings Results

Trilogy Metals (NYSEAMERICAN:TMQ) posted its quarterly earnings results on Wednesday. The mining company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03), FiscalAI reports. During the same period last year, the business posted ($0.01) earnings per share.

Trilogy Metals Price Performance

TMQ opened at $3.25 on Friday. The company has a market capitalization of $560.79 million, a PE ratio of -10.83 and a beta of 1.43. The business has a 50-day moving average of $3.97 and a 200-day moving average of $4.30. Trilogy Metals has a fifty-two week low of $1.43 and a fifty-two week high of $11.29.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TMQ shares. Raymond James Financial raised shares of Trilogy Metals from a “market perform” rating to an “outperform” rating in a report on Monday, April 6th. Freedom Capital raised Trilogy Metals to a “strong-buy” rating in a report on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $7.75.

Insider Transactions at Trilogy Metals

In other news, Director William L. Iggiagruk Hensley sold 50,000 shares of Trilogy Metals stock in a transaction that occurred 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 transaction, the director owned 18,531 shares of the company’s stock, valued at $82,277.64. This trade represents a 72.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 14.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Trilogy Metals

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd acquired a new position in Trilogy Metals during the 4th quarter valued at $27,000. State of Wyoming acquired a new position in Trilogy Metals in the fourth quarter valued at approximately $32,000. Captrust Financial Advisors bought a new stake in Trilogy Metals in the fourth quarter valued at about $57,000. Jump Financial LLC acquired a new position in Trilogy Metals in the fourth quarter valued at about $60,000. Finally, Pettinga Financial Advisors LLC acquired a new position in Trilogy Metals in the fourth quarter valued at about $66,000. 16.75% of the stock is owned by institutional investors and hedge funds.

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.