Trilogy Metals (TMQ) Expected to Announce Earnings on Friday

Trilogy Metals (NYSEAMERICAN:TMQ) will likely be announcing its results before the market opens on Friday, February 13th. Analysts expect the company to announce earnings of ($0.01) per share for the quarter.

Trilogy Metals Stock Performance

NYSEAMERICAN:TMQ opened at $4.55 on Wednesday. The company has a fifty day moving average of $5.04 and a two-hundred day moving average of $3.88. Trilogy Metals has a fifty-two week low of $1.13 and a fifty-two week high of $11.29. The stock has a market capitalization of $778.69 million, a PE ratio of -91.00 and a beta of 1.18.

Analyst Upgrades and Downgrades

TMQ has been the topic of several analyst reports. Cormark upgraded Trilogy Metals from a “hold” rating to a “moderate buy” rating in a report on Thursday, December 18th. Raymond James Financial restated a “market perform” rating on shares of Trilogy Metals in a research report on Wednesday, January 14th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $7.75.

Institutional Trading of Trilogy Metals

A number of hedge funds have recently made changes to their positions in TMQ. Tidal Investments LLC lifted its holdings in shares of Trilogy Metals by 33.0% in the 3rd quarter. Tidal Investments LLC now owns 3,625,129 shares of the mining company’s stock worth $7,613,000 after purchasing an additional 899,656 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in Trilogy Metals in the third quarter valued at $1,050,000. Millennium Management LLC lifted its stake in Trilogy Metals by 24.8% in the third quarter. Millennium Management LLC now owns 401,668 shares of the mining company’s stock valued at $844,000 after buying an additional 79,719 shares during the last quarter. Two Sigma Investments LP boosted its holdings in shares of Trilogy Metals by 52.3% during the third quarter. Two Sigma Investments LP now owns 326,721 shares of the mining company’s stock valued at $686,000 after acquiring an additional 112,127 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Trilogy Metals by 5,289.5% during the second quarter. JPMorgan Chase & Co. now owns 204,800 shares of the mining company’s stock worth $276,000 after acquiring an additional 201,000 shares during the last quarter. Institutional investors and hedge funds 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.