Private Advisor Group LLC Purchases Shares of 203,800 Trilogy Metals Inc. $TMQ

Private Advisor Group LLC acquired a new position in Trilogy Metals Inc. (NYSEAMERICAN:TMQ) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 203,800 shares of the mining company’s stock, valued at approximately $732,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of Trilogy Metals during the 4th quarter valued at approximately $27,000. State of Wyoming purchased a new stake in Trilogy Metals during the fourth quarter worth $32,000. Leonteq Securities AG purchased a new stake in Trilogy Metals during the fourth quarter worth $43,000. Tradition Wealth Management LLC acquired a new stake in Trilogy Metals during the fourth quarter valued at $43,000. Finally, Silverlake Wealth Management LLC acquired a new stake in Trilogy Metals during the fourth quarter valued at $53,000. Institutional investors and hedge funds own 16.75% of the company’s stock.

Insider Buying and Selling

In other Trilogy Metals news, Director William L. Iggiagruk Hensley sold 50,000 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $4.44, for a total transaction of $222,000.00. Following the completion of the transaction, the director directly owned 18,531 shares in the company, valued at approximately $82,277.64. This represents a 72.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 14.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TMQ shares. Raymond James Financial raised shares of Trilogy Metals from a “market perform” rating to an “outperform” rating in a report on Monday, April 6th. Freedom Capital raised shares of Trilogy Metals to a “strong-buy” rating in a research note on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $7.75.

Trilogy Metals Price Performance

Trilogy Metals stock opened at $3.21 on Wednesday. The stock has a market capitalization of $554.53 million, a PE ratio of -10.70 and a beta of 1.43. Trilogy Metals Inc. has a 12 month low of $1.43 and a 12 month high of $11.29. The business has a 50 day simple moving average of $3.91 and a 200-day simple moving average of $4.27.

Trilogy Metals (NYSEAMERICAN:TMQ) last announced its earnings results on Wednesday, July 8th. The mining company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.03). During the same period last year, the business earned ($0.01) earnings per share. On average, equities research analysts anticipate that Trilogy Metals Inc. will post -0.05 EPS for the current fiscal year.

Trilogy Metals 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.