Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Receives $7.75 Average PT from Analysts

Shares of Trilogy Metals Inc. (NYSEAMERICAN:TMQ) have been given a consensus recommendation of “Hold” by the nine brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $7.75.

Several research analysts have recently issued reports on the stock. Freedom Capital cut shares of Trilogy Metals from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. UBS Group lowered shares of Trilogy Metals to a “hold” rating in a research note on Wednesday, August 5th. Finally, Zacks Research cut shares of Trilogy Metals from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd.

Trilogy Metals Stock Up 1.3%

TMQ stock opened at $3.93 on Wednesday. The business has a 50 day moving average price of $3.47 and a 200 day moving average price of $4.02. The stock has a market cap of $678.32 million, a price-to-earnings ratio of -13.10 and a beta of 1.46. Trilogy Metals has a fifty-two week low of $1.50 and a fifty-two week high of $11.29.

Trilogy Metals (NYSEAMERICAN:TMQ) last announced its quarterly earnings results on Wednesday, July 8th. The mining company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.03). During the same quarter in the prior year, the firm posted ($0.01) EPS. As a group, sell-side analysts anticipate that Trilogy Metals will post -0.05 EPS for the current year.

Institutional Trading of Trilogy Metals

Institutional investors and hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Trilogy Metals in the 4th quarter valued at about $27,000. State of Wyoming acquired a new position in Trilogy Metals during the fourth quarter worth approximately $32,000. Tradition Wealth Management LLC acquired a new position in Trilogy Metals during the fourth quarter worth approximately $43,000. Leonteq Securities AG purchased a new stake in Trilogy Metals in the fourth quarter valued at approximately $43,000. Finally, Fore Capital LLC purchased a new stake in Trilogy Metals in the second quarter valued at approximately $35,000. 16.75% of the stock is owned by hedge funds and other institutional investors.

About Trilogy Metals

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.