Electrum Group LLC Acquires New Holdings in Trilogy Metals Inc. $TMQ

Electrum Group LLC acquired a new position in Trilogy Metals Inc. (NYSEAMERICAN:TMQ) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,604,741 shares of the mining company’s stock, valued at approximately $110,932,641,000. Trilogy Metals accounts for approximately 3.3% of Electrum Group LLC’s investment portfolio, making the stock its 4th biggest holding. Electrum Group LLC owned about 0.18% of Trilogy Metals at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd acquired a new position in Trilogy Metals during the 4th quarter valued at about $27,000. State of Wyoming acquired a new stake in shares of Trilogy Metals in the 4th quarter worth approximately $32,000. Tradition Wealth Management LLC acquired a new stake in shares of Trilogy Metals in the 4th quarter worth approximately $43,000. Leonteq Securities AG acquired a new stake in shares of Trilogy Metals in the 4th quarter worth approximately $43,000. Finally, Fore Capital LLC bought a new position in shares of Trilogy Metals in the second quarter valued at approximately $35,000. Institutional investors own 16.75% of the company’s stock.

Trilogy Metals Trading Down 3.5%

Shares of Trilogy Metals stock opened at $3.59 on Wednesday. The company’s 50-day moving average price is $3.43 and its two-hundred day moving average price is $3.92. Trilogy Metals Inc. has a 52 week low of $1.55 and a 52 week high of $11.29. The stock has a market cap of $619.63 million, a PE ratio of -11.97 and a beta of 1.46.

Trilogy Metals (NYSEAMERICAN:TMQ) last posted its quarterly earnings data 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 quarter in the prior year, the company posted ($0.01) EPS. On average, equities analysts predict that Trilogy Metals Inc. will post -0.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Freedom Capital lowered shares of Trilogy Metals from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Zacks Research downgraded Trilogy Metals from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Finally, UBS Group lowered Trilogy Metals to a “hold” rating in a research note on Wednesday, August 5th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.75.

Trilogy Metals Company 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.