Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) has earned an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $7.75.

A number of analysts have recently issued reports on the stock. Zacks Research raised shares of Trilogy Metals from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. UBS Group cut shares of Trilogy Metals to a “hold” rating in a research note on Wednesday, August 5th. Finally, Freedom Capital lowered Trilogy Metals from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th.

Hedge Funds Weigh In On Trilogy Metals

A number of hedge funds have recently made changes to their positions in TMQ. Electrum Group LLC purchased a new position in Trilogy Metals in the 4th quarter worth approximately $136,216,000. TSP Capital Management Group LLC grew its holdings in Trilogy Metals by 0.3% during the 1st quarter. TSP Capital Management Group LLC now owns 6,754,500 shares of the mining company’s stock valued at $24,249,000 after buying an additional 23,500 shares in the last quarter. Old West Investment Management LLC bought a new stake in shares of Trilogy Metals during the second quarter valued at approximately $21,385,000. Goehring & Rozencwajg Associates LLC raised its position in shares of Trilogy Metals by 22.7% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 1,728,153 shares of the mining company’s stock valued at $6,221,000 after buying an additional 319,949 shares during the last quarter. Finally, Walleye Capital LLC lifted its holdings in shares of Trilogy Metals by 271.7% in the first quarter. Walleye Capital LLC now owns 945,678 shares of the mining company’s stock worth $3,395,000 after buying an additional 691,267 shares in the last quarter. Institutional investors own 16.75% of the company’s stock.

Trilogy Metals Price Performance

TMQ stock opened at $3.10 on Thursday. The business’s 50-day moving average price is $3.43 and its 200-day moving average price is $3.70. The stock has a market cap of $560.51 million, a P/E ratio of -10.33 and a beta of 1.49. Trilogy Metals has a twelve month low of $2.00 and a twelve month high of $11.29.

Trilogy Metals (NYSEAMERICAN:TMQ) last released its earnings results on Wednesday, July 8th. The mining company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.03). During the same period in the prior year, the firm earned ($0.01) EPS. On average, equities research analysts expect that Trilogy Metals will post -0.08 earnings per share for the current fiscal year.

About Trilogy Metals

Trilogy Metals Inc is a mineral exploration and development company focused on advancing copper and other base- and precious-metal assets in Alaska. The company is not a producing mining company; its activities center on exploration, resource evaluation, permitting and project development.

Trilogy’s principal assets are located in the Ambler mining district of northwestern Alaska and include the Arctic and Bornite projects. The Arctic deposit is known for copper, zinc, lead, gold and silver mineralization, while the Bornite project is a copper-focused exploration and development property with additional mineralization.