Trilogy Metals (NYSEAMERICAN:TMQ) Director William Beckwith Hayden Sells 200,000 Shares

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) 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 sale, the director directly owned 382,685 shares of the company’s stock, valued at approximately $2,529,547.85. This represents a 34.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

William Beckwith Hayden also recently made the following trade(s):

• On Wednesday, October 8th, William Beckwith Hayden sold 64,294 shares of Trilogy Metals stock. The shares were sold at an average price of $7.06, for a total value of $453,915.64.

Trilogy Metals Stock Down 9.5%

TMQ opened at $5.93 on Friday. The business has a 50 day moving average price of $2.20 and a two-hundred day moving average price of $1.73. The company has a market cap of $974.36 million, a PE ratio of -118.60 and a beta of 1.18. Trilogy Metals Inc. has a 52 week low of $0.49 and a 52 week high of $7.98.

Trilogy Metals (NYSEAMERICAN:TMQ) last posted its quarterly earnings data on Thursday, July 10th. The mining company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). As a group, sell-side analysts expect that Trilogy Metals Inc. will post -0.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TMQ has been the subject of several analyst reports. BMO Capital Markets reaffirmed a “market perform” rating and set a $5.50 price objective on shares of Trilogy Metals in a research note on Friday. Cormark downgraded Trilogy Metals from a “moderate buy” rating to a “hold” rating in a research note on Wednesday. TD Securities reissued a “hold” rating on shares of Trilogy Metals in a research note on Tuesday. Cantor Fitzgerald raised Trilogy Metals to a “buy” rating and set a $10.00 target price for the company in a research note on Tuesday. Finally, Cowen reissued a “hold” rating on shares of Trilogy Metals in a research note on Tuesday. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.75.

Institutional Investors Weigh In On Trilogy Metals

Institutional investors and hedge funds have recently modified their holdings of the company. Birchbrook Inc. grew its holdings in shares of Trilogy Metals by 25.0% in the 1st quarter. Birchbrook Inc. now owns 50,000 shares of the mining company’s stock worth $78,000 after acquiring an additional 10,000 shares during the period. Virtu Financial LLC acquired a new stake in shares of Trilogy Metals in the 1st quarter worth approximately $83,000. XTX Topco Ltd acquired a new stake in shares of Trilogy Metals in the 2nd quarter worth approximately $115,000. Jane Street Group LLC acquired a new stake in shares of Trilogy Metals in the 2nd quarter worth approximately $154,000. Finally, Bank of America Corp DE grew its holdings in shares of Trilogy Metals by 16.5% in the 2nd quarter. Bank of America Corp DE now owns 122,095 shares of the mining company’s stock worth $165,000 after acquiring an additional 17,291 shares during the period. Institutional investors and hedge funds own 16.75% of the company’s stock.

About Trilogy Metals

Trilogy Metals Inc, a base metals exploration company, engages in the exploration and development of mineral properties in the United States. The company explores for copper, cobalt, lead, zinc, gold, and silver properties. It principally holds interests in the Upper Kobuk mineral projects that include the Arctic, which contains polymetallic volcanogenic massive sulfide deposits; and Bornite that contains carbonate-hosted copper – cobalt deposits covering an area of approximately 448,217 acres located in the Ambler mining district in Northwest Alaska.