Trilogy Metals (NYSEAMERICAN:TMQ) Share Price Passes Above Fifty Day Moving Average – What’s Next?

Trilogy Metals Inc. (NYSEAMERICAN:TMQ)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $3.87 and traded as high as $3.94. Trilogy Metals shares last traded at $3.93, with a volume of 3,996,872 shares.

Analyst Ratings Changes

A number of equities research analysts recently commented on TMQ shares. Cormark lowered Trilogy Metals from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 8th. Raymond James Financial raised shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a report on Tuesday, October 7th. BMO Capital Markets reissued a “market perform” rating and set a $5.50 target price on shares of Trilogy Metals in a report on Friday, October 10th. TD Securities restated a “hold” rating on shares of Trilogy Metals in a research report on Tuesday, October 7th. Finally, Cowen reaffirmed a “hold” rating on shares of Trilogy Metals in a research report on Tuesday, October 7th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $7.75.

Trilogy Metals Stock Performance

The firm’s 50 day moving average is $3.87 and its 200-day moving average is $2.35. The stock has a market capitalization of $660.59 million, a price-to-earnings ratio of -78.60 and a beta of 1.18.

Insider Buying and Selling at Trilogy Metals

In other Trilogy Metals news, Director William Beckwith Hayden sold 200,000 shares of the stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $6.61, for a total transaction of $1,322,000.00. Following the transaction, the director owned 382,685 shares in the company, valued at approximately $2,529,547.85. This represents a 34.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Diana J. Walters sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $7.03, for a total value of $703,000.00. Following the completion of the sale, the director owned 51,302 shares of the company’s stock, valued at $360,653.06. This trade represents a 66.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 1,064,506 shares of company stock worth $7,275,194. 15.20% of the stock is currently owned by company insiders.

Institutional Trading of Trilogy Metals

A number of institutional investors have recently made changes to their positions in TMQ. Spire Wealth Management raised its stake in Trilogy Metals by 55.1% in the 3rd quarter. Spire Wealth Management now owns 18,774 shares of the mining company’s stock valued at $39,000 after purchasing an additional 6,669 shares during the last quarter. Birchbrook Inc. lifted its position in Trilogy Metals by 25.0% during the first quarter. Birchbrook Inc. now owns 50,000 shares of the mining company’s stock worth $78,000 after buying an additional 10,000 shares in the last quarter. Bank of America Corp DE boosted its stake in Trilogy Metals by 16.5% during the second quarter. Bank of America Corp DE now owns 122,095 shares of the mining company’s stock worth $165,000 after buying an additional 17,291 shares during the last quarter. Compass Wealth Management LLC purchased a new stake in Trilogy Metals in the 3rd quarter valued at $63,000. Finally, DLD Asset Management LP raised its holdings in shares of Trilogy Metals by 20.0% during the 2nd quarter. DLD Asset Management LP now owns 300,000 shares of the mining company’s stock worth $405,000 after acquiring an additional 50,000 shares during the period. 16.75% of the stock is owned by institutional investors and hedge funds.

Trilogy Metals Company Profile

Trilogy Metals Inc, a base metals exploration company, engages in the exploration and development of mineral properties in the United States. The company explores for copper, cobalt, lead, zinc, gold, and silver properties. It principally holds interests in the Upper Kobuk mineral projects that include the Arctic, which contains polymetallic volcanogenic massive sulfide deposits; and Bornite that contains carbonate-hosted copper – cobalt deposits covering an area of approximately 448,217 acres located in the Ambler mining district in Northwest Alaska.