Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Stock Rated “Moderate Buy” by Wall Street Analysts

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

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

Institutional Trading of Trilogy Metals

Several hedge funds have recently bought and sold shares of the company. Electrum Group LLC acquired a new position in Trilogy Metals during the 2nd quarter valued at about $110,932,641. TSP Capital Management Group LLC increased its stake in shares of Trilogy Metals by 0.3% in the first quarter. TSP Capital Management Group LLC now owns 6,754,500 shares of the mining company’s stock valued at $24,249,000 after purchasing an additional 23,500 shares during the period. Old West Investment Management LLC acquired a new stake in shares of Trilogy Metals in the second quarter valued at approximately $21,385,000. Goehring & Rozencwajg Associates LLC boosted its position in shares of Trilogy Metals by 22.7% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 1,728,153 shares of the mining company’s stock worth $6,221,000 after buying an additional 319,949 shares during the period. Finally, Walleye Capital LLC boosted its position in shares of Trilogy Metals by 271.7% during the first quarter. Walleye Capital LLC now owns 945,678 shares of the mining company’s stock worth $3,395,000 after buying an additional 691,267 shares during the period. 16.75% of the stock is currently owned by institutional investors.

Trilogy Metals Price Performance

Shares of NYSEAMERICAN TMQ opened at $2.23 on Monday. Trilogy Metals has a 12-month low of $2.21 and a 12-month high of $7.25. The stock’s 50 day simple moving average is $3.21 and its 200 day simple moving average is $3.61.

Trilogy Metals Company Profile

Trilogy Metals Inc is a mineral exploration and development company focused on advancing copper, zinc, lead, gold and silver projects in Alaska. Its principal assets are located in the Upper Kobuk River region of northwestern Alaska, an area prospective for deposits containing metals used in construction, manufacturing, energy infrastructure and technology applications.

Through Ambler Metals LLC, its joint venture with South32, Trilogy Metals holds interests in the Upper Kobuk River project, which includes the Arctic copper-zinc-lead-gold-silver deposit and the Bornite copper project.