Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Receives Average Rating of “Buy” from Brokerages

Shares of Trilogy Metals Inc. (NYSEAMERICAN:TMQ) have received a consensus recommendation of “Buy” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $7.75.

TMQ has been the subject of several recent analyst reports. Freedom Capital raised Trilogy Metals to a “strong-buy” rating in a report on Thursday, March 19th. TD Securities raised Trilogy Metals from a “hold” rating to a “buy” rating in a report on Friday, February 20th. Raymond James Financial raised Trilogy Metals from a “market perform” rating to an “outperform” rating in a report on Monday, April 6th. Finally, TD Cowen raised Trilogy Metals from a “hold” rating to a “buy” rating in a report on Friday, February 20th.

Insiders Place Their Bets

In other Trilogy Metals news, Director William L. Iggiagruk Hensley sold 50,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $4.44, for a total value of $222,000.00. Following the completion of the sale, the director owned 18,531 shares of the company’s stock, valued at approximately $82,277.64. This trade represents a 72.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 14.60% of the company’s stock.

Institutional Investors Weigh In On Trilogy Metals

Institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd acquired a new stake in Trilogy Metals in the fourth quarter worth about $27,000. State of Wyoming acquired a new stake in Trilogy Metals in the fourth quarter worth about $32,000. Tradition Wealth Management LLC purchased a new position in shares of Trilogy Metals in the fourth quarter worth about $43,000. Leonteq Securities AG purchased a new position in shares of Trilogy Metals in the fourth quarter worth about $43,000. Finally, Silverlake Wealth Management LLC purchased a new position in shares of Trilogy Metals in the fourth quarter worth about $53,000. Institutional investors and hedge funds own 16.75% of the company’s stock.

Trilogy Metals Stock Performance

Trilogy Metals stock opened at $3.92 on Wednesday. The stock has a market cap of $676.40 million, a PE ratio of -14.52 and a beta of 1.37. The stock has a 50-day moving average of $4.22 and a two-hundred day moving average of $4.42. Trilogy Metals has a one year low of $1.28 and a one year high of $11.29.

About Trilogy Metals

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.