Two Sigma Investments LP Makes New Investment in Trilogy Metals Inc. (NYSEAMERICAN:TMQ)

Two Sigma Investments LP purchased a new stake in shares of Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 358,612 shares of the mining company's stock, valued at approximately $416,000. Two Sigma Investments LP owned approximately 0.22% of Trilogy Metals as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. XTX Topco Ltd boosted its holdings in shares of Trilogy Metals by 235.5% in the 4th quarter. XTX Topco Ltd now owns 47,920 shares of the mining company's stock valued at $56,000 after buying an additional 33,636 shares in the last quarter. Pinnbrook Capital Management LP acquired a new position in shares of Trilogy Metals in the 4th quarter valued at $615,000. Bornite Capital Management LP purchased a new position in shares of Trilogy Metals in the fourth quarter worth about $812,000. Tidal Investments LLC lifted its stake in Trilogy Metals by 73.5% during the 4th quarter. Tidal Investments LLC now owns 1,848,427 shares of the mining company's stock valued at $2,144,000 after acquiring an additional 782,929 shares during the period. Finally, Sprott Inc. lifted its position in Trilogy Metals by 64.9% during the fourth quarter. Sprott Inc. now owns 2,094,652 shares of the mining company's stock valued at $2,430,000 after purchasing an additional 824,071 shares during the period. 16.75% of the stock is currently owned by hedge funds and other institutional investors.

Trilogy Metals Trading Down 2.7%

NYSEAMERICAN:TMQ traded down $0.04 during trading hours on Friday, reaching $1.25. 62,426 shares of the company were exchanged, compared to its average volume of 763,460. The firm has a market cap of $204.11 million, a PE ratio of -24.90 and a beta of 1.54. The stock's 50-day moving average is $1.40 and its 200-day moving average is $1.21. Trilogy Metals Inc. has a twelve month low of $0.42 and a twelve month high of $2.09.

Analysts Set New Price Targets

Separately, Raymond James reissued a "market perform" rating on shares of Trilogy Metals in a report on Monday, March 24th.

Trilogy Metals Company Profile

Trilogy Metals Inc, a base metals exploration company, engages in the exploration and development of mineral properties in the United States. The company explores for copper, cobalt, lead, zinc, gold, and silver properties. It principally holds interests in the Upper Kobuk mineral projects that include the Arctic, which contains polymetallic volcanogenic massive sulfide deposits; and Bornite that contains carbonate-hosted copper - cobalt deposits covering an area of approximately 448,217 acres located in the Ambler mining district in Northwest Alaska.