Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Analyst sentiment is mixed: Nine analysts have assigned Trilogy Metals a consensus “Hold” rating, with five buys, three holds and one sell. The average 12-month price target is $7.75.
• Recent ratings changes were mostly negative, including downgrades from Zacks Research to “strong sell,” UBS Group to “hold” and Freedom Capital to “hold.”
• Trilogy Metals shares opened at $3.62 and have declined 4.2%; the company also reported a quarterly loss of $0.04 per share, missing the $0.01-loss consensus estimate.

Shares of Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Get Free Report) have been given an average rating of "Hold" by the nine ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $7.75.

Several analysts have recently issued reports on TMQ shares. Zacks Research downgraded Trilogy Metals from a "hold" rating to a "strong sell" rating in a research note on Monday, August 3rd. 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 Investors Weigh In On Trilogy Metals

Several hedge funds and other institutional investors have recently made changes to their positions in TMQ. Caitong International Asset Management Co. Ltd bought a new position in Trilogy Metals in the 4th quarter worth approximately $27,000. State of Wyoming acquired a new position in shares of Trilogy Metals during the fourth quarter worth approximately $32,000. Fore Capital LLC bought a new stake in shares of Trilogy Metals in the second quarter valued at approximately $35,000. EP Wealth Advisors LLC bought a new stake in shares of Trilogy Metals in the second quarter valued at approximately $35,000. Finally, Bank of America Corp DE acquired a new stake in shares of Trilogy Metals in the second quarter worth $37,000. 16.75% of the stock is owned by institutional investors and hedge funds.

Trilogy Metals Stock Down 4.2%

TMQ stock opened at $3.62 on Friday. The firm has a 50 day moving average of $3.42 and a two-hundred day moving average of $3.85. Trilogy Metals has a 12 month low of $1.55 and a 12 month high of $11.29. The company has a market capitalization of $624.81 million, a price-to-earnings ratio of -12.07 and a beta of 1.46.

Trilogy Metals (NYSEAMERICAN:TMQ - Get Free Report) last issued its quarterly earnings data on Wednesday, July 8th. The mining company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.03). During the same period in the previous year, the company posted ($0.01) EPS. On average, research analysts expect that Trilogy Metals will post -0.05 EPS for the current fiscal year.

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.

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