Goehring & Rozencwajg Associates LLC Has $6.22 Million Stake in Trilogy Metals Inc. $TMQ

Goehring & Rozencwajg Associates LLC raised its stake in shares of Trilogy Metals Inc. (NYSEAMERICAN:TMQ) by 22.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,728,153 shares of the mining company’s stock after acquiring an additional 319,949 shares during the quarter. Goehring & Rozencwajg Associates LLC’s holdings in Trilogy Metals were worth $6,221,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling at Trilogy Metals

In other news, Director William L. Iggiagruk Hensley sold 50,000 shares of Trilogy Metals stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $4.44, for a total value of $222,000.00. Following the completion of the transaction, the director owned 18,531 shares in the company, valued at approximately $82,277.64. The trade was 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 link. Insiders own 14.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports 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 report on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating, five have given 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 a consensus target price of $7.75.

Trilogy Metals Stock Down 2.2%

Shares of Trilogy Metals stock opened at $3.14 on Thursday. Trilogy Metals Inc. has a 12-month low of $1.43 and a 12-month high of $11.29. The stock has a market capitalization of $542.43 million, a P/E ratio of -10.47 and a beta of 1.43. The company has a 50-day simple moving average of $3.88 and a 200 day simple moving average of $4.25.

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