Wexford Capital LP lifted its holdings in shares of Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Free Report) by 15.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,282,761 shares of the mining company's stock after buying an additional 708,469 shares during the period. Trilogy Metals comprises about 1.0% of Wexford Capital LP's portfolio, making the stock its 15th biggest holding. Wexford Capital LP owned about 3.27% of Trilogy Metals worth $6,128,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of TMQ. XTX Topco Ltd increased its holdings in Trilogy Metals by 235.5% in the 4th 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 Advisers LP acquired a new position in Trilogy Metals in the 4th quarter worth about $221,000. Two Sigma Investments LP acquired a new position in Trilogy Metals in the 4th quarter worth about $416,000. Pinnbrook Capital Management LP acquired a new position in Trilogy Metals in the 4th quarter worth about $615,000. Finally, Bornite Capital Management LP acquired a new position in Trilogy Metals in the 4th quarter worth about $812,000. Institutional investors and hedge funds own 16.75% of the company's stock.
Wall Street Analyst Weigh In
Separately, Raymond James reiterated a "market perform" rating on shares of Trilogy Metals in a research report on Monday, March 24th.
Read Our Latest Report on TMQ
Trilogy Metals Stock Performance
Shares of Trilogy Metals stock traded down $0.02 on Wednesday, hitting $1.28. The company had a trading volume of 152,114 shares, compared to its average volume of 754,108. The stock has a market capitalization of $209.84 million, a price-to-earnings ratio of -25.60 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 of $1.51 and a 200-day moving average of $1.18.
Trilogy Metals Profile
(
Free Report)
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.
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