Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Trilogy Metals has a “Moderate Buy” consensus from nine analysts, with five buy ratings and four holds. The average 12-month price target is $7.75, compared with a recent share price of $3.31.
• Recent analyst actions have been cautious: Zacks Research upgraded the stock from “strong sell” to “hold,” while UBS Group and Freedom Capital downgraded their ratings to “hold.”
• Institutional investors own 16.75% of Trilogy Metals, though several funds recently initiated relatively small positions. The company also reported a quarterly loss of $0.04 per share, missing the $0.01-per-share consensus estimate.

Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the nine ratings firms that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $7.75.

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

Institutional Trading of Trilogy Metals

Several hedge funds and other institutional investors have recently made changes to their positions in TMQ. Fore Capital LLC acquired a new position in Trilogy Metals during the second quarter worth about $35,000. EP Wealth Advisors LLC acquired a new stake in shares of Trilogy Metals during the 2nd quarter valued at approximately $35,000. Bank of America Corp DE purchased a new stake in shares of Trilogy Metals during the 2nd quarter worth approximately $37,000. Silverlake Wealth Management LLC purchased a new stake in shares of Trilogy Metals during the 2nd quarter worth approximately $39,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Trilogy Metals in the 2nd quarter worth approximately $41,000. Institutional investors and hedge funds own 16.75% of the company's stock.

Trilogy Metals Price Performance

NYSEAMERICAN:TMQ opened at $3.31 on Thursday. The firm has a market cap of $598.48 million, a price-to-earnings ratio of -11.03 and a beta of 1.49. The firm's fifty day moving average price is $3.42 and its 200 day moving average price is $3.74. Trilogy Metals has a 1-year low of $2.00 and a 1-year high of $11.29.

Trilogy Metals (NYSEAMERICAN:TMQ - Get Free Report) last announced its quarterly earnings data 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 period in the prior year, the firm posted ($0.01) EPS. As a group, analysts expect that Trilogy Metals will post -0.08 earnings per share for the current fiscal year.

Trilogy Metals Company Profile

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.

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