190,300 Shares in Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Bought by Two Sigma Advisers LP

Two Sigma Advisers LP acquired a new stake in shares of Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 190,300 shares of the mining company's stock, valued at approximately $221,000. Two Sigma Advisers LP owned 0.12% of Trilogy Metals at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TMQ. XTX Topco Ltd grew its stake in Trilogy Metals by 235.5% in the fourth quarter. XTX Topco Ltd now owns 47,920 shares of the mining company's stock worth $56,000 after purchasing an additional 33,636 shares in the last quarter. Two Sigma Investments LP purchased a new position in shares of Trilogy Metals in the 4th quarter valued at about $416,000. Pinnbrook Capital Management LP purchased a new position in Trilogy Metals during the fourth quarter valued at $615,000. Bornite Capital Management LP acquired a new position in shares of Trilogy Metals during the fourth quarter valued at approximately $812,000. Finally, Tidal Investments LLC raised its position in shares of Trilogy Metals by 73.5% in the fourth quarter. Tidal Investments LLC now owns 1,848,427 shares of the mining company's stock valued at $2,144,000 after buying an additional 782,929 shares during the last quarter. 16.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Trilogy Metals Stock Down 3.0%

TMQ traded down $0.04 on Tuesday, reaching $1.29. The company had a trading volume of 265,319 shares, compared to its average volume of 765,746. The stock has a market capitalization of $211.48 million, a PE ratio of -25.80 and a beta of 1.54. Trilogy Metals Inc. has a 1 year low of $0.42 and a 1 year high of $2.09. The stock has a 50-day moving average price of $1.40 and a 200-day moving average price of $1.20.

Trilogy Metals 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.