Trilogy Metals (NYSEAMERICAN:TMQ) Rating Lowered to Strong Sell at Zacks Research

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

Separately, Raymond James Financial raised shares of Trilogy Metals from a “market perform” rating to an “outperform” rating in a research note on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $7.75.

Trilogy Metals Stock Up 7.5%

NYSEAMERICAN TMQ opened at $3.44 on Monday. The stock has a market capitalization of $593.74 million, a PE ratio of -11.47 and a beta of 1.46. The company has a 50 day moving average price of $3.56 and a two-hundred day moving average price of $4.08. Trilogy Metals has a 12-month low of $1.43 and a 12-month high of $11.29.

Trilogy Metals (NYSEAMERICAN:TMQ) last posted its 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 period in the prior year, the company earned ($0.01) EPS. As a group, equities analysts anticipate that Trilogy Metals will post -0.05 EPS for the current year.

Insider Buying and Selling at Trilogy Metals

In related news, Director William L. Iggiagruk Hensley sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $4.44, for a total value of $222,000.00. Following the transaction, the director directly owned 18,531 shares of the company’s stock, valued at approximately $82,277.64. This trade represents a 72.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 14.60% of the company’s stock.

Institutional Investors Weigh In On Trilogy Metals

A number of large investors have recently added to or reduced their stakes in TMQ. Dimensional Fund Advisors LP grew its holdings in Trilogy Metals by 26.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 27,514 shares of the mining company’s stock valued at $119,000 after purchasing an additional 5,821 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Trilogy Metals by 10.4% in the fourth 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 last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Trilogy Metals in the fourth quarter worth $27,000. State of Wyoming acquired a new stake in shares of Trilogy Metals in the fourth quarter worth $32,000. Finally, Chicago Partners Investment Group LLC boosted its holdings in shares of Trilogy Metals by 33.8% during the 1st quarter. Chicago Partners Investment Group LLC now owns 32,123 shares of the mining company’s stock worth $115,000 after buying an additional 8,123 shares during the period. Institutional investors own 16.75% of the company’s stock.

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.