Trilogy Metals Inc. (TMQ) - What Are Researchers Thinking About This Stock?

Key Points

• Analysts give Trilogy Metals a “Moderate Buy” consensus: Four of seven analysts rate the stock a buy, while three recommend holding it. Recent reports included downgrades from Freedom Capital and UBS Group and an upgrade from Zacks Research, all to “hold.”
• Institutional ownership stands at 16.75%: Several hedge funds and investment firms increased or initiated positions in TMQ during the first and second quarters.
• TMQ was trading near its 52-week low: Shares opened at $2.36, compared with a 52-week range of $2.30 to $7.27, while the company continues developing copper, zinc, lead, gold and silver projects in Alaska through its Ambler Metals joint venture.

Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seven ratings firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company.

TMQ has been the subject of a number of analyst reports. Freedom Capital lowered shares of Trilogy Metals from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 5th. UBS Group downgraded shares of Trilogy Metals to a "hold" rating in a research note on Wednesday, August 5th. Finally, Zacks Research upgraded shares of Trilogy Metals from a "strong sell" rating to a "hold" rating in a report on Monday, September 7th.

Institutional Trading of Trilogy Metals

A number of hedge funds and other institutional investors have recently made changes to their positions in TMQ. Squarepoint Ops LLC increased its position in shares of Trilogy Metals by 29.3% during the second quarter. Squarepoint Ops LLC now owns 21,151 shares of the mining company's stock valued at $74,000 after acquiring an additional 4,789 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in shares of Trilogy Metals by 33.8% in the 1st quarter. Chicago Partners Investment Group LLC now owns 32,123 shares of the mining company's stock valued at $115,000 after acquiring an additional 8,123 shares during the period. Fore Capital LLC purchased a new stake in shares of Trilogy Metals in the 2nd quarter valued at approximately $35,000. EP Wealth Advisors LLC purchased a new stake in shares of Trilogy Metals in the 2nd quarter valued at approximately $35,000. Finally, Bank of America Corp DE acquired a new position in shares of Trilogy Metals in the 2nd quarter worth approximately $37,000. Institutional investors and hedge funds own 16.75% of the company's stock.

Trilogy Metals Price Performance

Shares of TMQ opened at $2.36 on Monday. Trilogy Metals has a 52-week low of $2.30 and a 52-week high of $7.27. The company has a market capitalization of $426.71 million, a PE ratio of -8.14 and a beta of 1.49. The stock has a fifty day simple moving average of $3.31 and a two-hundred day simple moving average of $3.64.

Trilogy Metals Company Profile

Trilogy Metals Inc is a mineral exploration and development company focused on advancing copper, zinc, lead, gold and silver projects in Alaska. Its principal assets are located in the Upper Kobuk River region of northwestern Alaska, an area prospective for deposits containing metals used in construction, manufacturing, energy infrastructure and technology applications.

Through Ambler Metals LLC, its joint venture with South32, Trilogy Metals holds interests in the Upper Kobuk River project, which includes the Arctic copper-zinc-lead-gold-silver deposit and the Bornite copper project.

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