Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Given Average Rating of “Moderate Buy” by Brokerages

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $7.75.

A number of research analysts recently commented on the company. Cowen reiterated a “hold” rating on shares of Trilogy Metals in a report on Tuesday, October 7th. Cormark upgraded Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research report on Thursday, December 18th. Cantor Fitzgerald upgraded Trilogy Metals to a “buy” rating and set a $10.00 price target for the company in a report on Tuesday, October 7th. TD Securities reissued a “hold” rating on shares of Trilogy Metals in a research report on Tuesday, October 7th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $5.50 price objective on shares of Trilogy Metals in a report on Friday, October 10th.

Insiders Place Their Bets

In other news, Director William Beckwith Hayden sold 200,000 shares of the company’s stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $6.61, for a total value of $1,322,000.00. Following the transaction, the director directly owned 382,685 shares in the company, valued at approximately $2,529,547.85. This represents a 34.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James Gowans sold 100,000 shares of the stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $7.50, for a total transaction of $750,000.00. Following the transaction, the director directly owned 234,046 shares of the company’s stock, valued at $1,755,345. The trade was a 29.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,064,506 shares of company stock worth $7,275,194. Insiders own 15.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TMQ. Spire Wealth Management lifted its holdings in Trilogy Metals by 55.1% during the 3rd quarter. Spire Wealth Management now owns 18,774 shares of the mining company’s stock worth $39,000 after buying an additional 6,669 shares in the last quarter. Compass Wealth Management LLC purchased a new stake in Trilogy Metals during the 3rd quarter worth about $63,000. Birchbrook Inc. raised its holdings in Trilogy Metals by 25.0% in the first quarter. Birchbrook Inc. now owns 50,000 shares of the mining company’s stock valued at $78,000 after acquiring an additional 10,000 shares in the last quarter. Qube Research & Technologies Ltd acquired a new stake in shares of Trilogy Metals in the 3rd quarter valued at $105,000. Finally, XTX Topco Ltd purchased a new position in Trilogy Metals in the second quarter valued at $115,000. Institutional investors and hedge funds own 16.75% of the company’s stock.

Trilogy Metals Price Performance

NYSEAMERICAN:TMQ opened at $4.65 on Wednesday. The company’s 50-day moving average is $4.49 and its two-hundred day moving average is $3.04. Trilogy Metals has a 1-year low of $1.06 and a 1-year high of $11.29. The firm has a market capitalization of $795.48 million, a price-to-earnings ratio of -93.00 and a beta of 1.17.

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.