Foursixthree Capital LP acquired a new stake in Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,546,289 shares of the mining company's stock, valued at approximately $2,954,000. Trilogy Metals accounts for 1.0% of Foursixthree Capital LP's portfolio, making the stock its 9th biggest holding. Foursixthree Capital LP owned about 1.58% of Trilogy Metals at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of TMQ. XTX Topco Ltd increased its position in shares of 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 during the last quarter. Virtu Financial LLC grew its stake in Trilogy Metals by 85.7% in the 3rd quarter. Virtu Financial LLC now owns 133,678 shares of the mining company's stock worth $65,000 after buying an additional 61,683 shares in the last quarter. Pinnbrook Capital Management LP bought a new position in shares of Trilogy Metals in the 4th quarter worth $615,000. Bornite Capital Management LP purchased a new stake in shares of Trilogy Metals during the 4th quarter valued at $812,000. Finally, Sprott Inc. lifted its holdings in shares of Trilogy Metals by 64.9% during the 4th quarter. Sprott Inc. now owns 2,094,652 shares of the mining company's stock worth $2,430,000 after acquiring an additional 824,071 shares during the last quarter. Hedge funds and other institutional investors own 16.75% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Raymond James reiterated a "market perform" rating on shares of Trilogy Metals in a report on Monday, March 24th.
Get Our Latest Analysis on Trilogy Metals
Trilogy Metals Trading Up 3.1 %
NYSEAMERICAN:TMQ traded up $0.05 during trading hours on Friday, reaching $1.66. 243,156 shares of the company traded hands, compared to its average volume of 724,064. Trilogy Metals Inc. has a 1 year low of $0.39 and a 1 year high of $2.09. The business's 50-day moving average price is $1.51 and its two-hundred day moving average price is $1.15. The stock has a market capitalization of $272.14 million, a P/E ratio of -33.20 and a beta of 1.54.
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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