Trilogy Metals (NYSEAMERICAN:TMQ) Raised to Hold at Zacks Research

Trilogy Metals (NYSEAMERICAN:TMQ) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday, Zacks reports.

Other equities research analysts have also recently issued research reports about the stock. Freedom Capital cut shares of Trilogy Metals from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. UBS Group downgraded Trilogy Metals to a “hold” rating in a research report on Wednesday, August 5th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Trilogy Metals presently has an average rating of “Moderate Buy” and an average price target of $7.75.

Trilogy Metals Price Performance

Shares of TMQ stock opened at $3.49 on Monday. Trilogy Metals has a 1-year low of $1.79 and a 1-year high of $11.29. The stock’s 50-day moving average is $3.41 and its 200 day moving average is $3.80. The company has a market cap of $602.37 million, a P/E ratio of -11.63 and a beta of 1.49.

Trilogy Metals (NYSEAMERICAN:TMQ) last posted its earnings results on Wednesday, July 8th. The mining company reported ($0.04) earnings per share (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) earnings per share. On average, analysts anticipate that Trilogy Metals will post -0.08 EPS for the current year.

Institutional Investors Weigh In On Trilogy Metals

A number of large investors have recently modified their holdings of TMQ. Engineers Gate Manager LP acquired a new position in shares of Trilogy Metals during the second quarter valued at about $287,000. Squarepoint Ops LLC raised its position in shares of Trilogy Metals by 29.3% in the 2nd quarter. Squarepoint Ops LLC now owns 21,151 shares of the mining company’s stock valued at $74,000 after purchasing an additional 4,789 shares during the last quarter. California State Teachers Retirement System boosted its stake in Trilogy Metals by 439.0% in the 2nd quarter. California State Teachers Retirement System now owns 519,631 shares of the mining company’s stock worth $1,824,000 after purchasing an additional 423,231 shares in the last quarter. Moore Capital Management LP acquired a new stake in Trilogy Metals in the 2nd quarter worth approximately $1,375,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Trilogy Metals by 10.0% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 167,135 shares of the mining company’s stock worth $587,000 after purchasing an additional 15,161 shares during the last quarter. Hedge funds and other institutional investors own 16.75% of the company’s stock.

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.