Freedom Capital Upgrades Trilogy Metals (NYSEAMERICAN:TMQ) to "Strong-Buy"

Key Points

• Freedom Capital upgraded Trilogy Metals to a "Strong-Buy" and multiple other firms have recently raised ratings, leaving the consensus at one Strong Buy, four Buy and two Hold with an average rating of "Moderate Buy" and an average target price of $7.75.
• TMQ opened at $3.22 on the day (down 7.2%), has a market cap of $555.6M, a 1‑year range of $1.13–$11.29, a negative PE of -12.88, and 50‑/200‑day moving averages of $4.69 and $4.31 respectively.
• Director William L. Iggiagruk Hensley sold 25,107 shares at $4.40 (a 57.53% reduction in his stake); insiders now own 15.20% of the company.

Trilogy Metals (NYSEAMERICAN:TMQ - Get Free Report) was upgraded by equities research analysts at Freedom Capital to a "strong-buy" rating in a note issued to investors on Thursday,Zacks.com reports.

TMQ has been the subject of several other reports. Cormark upgraded Trilogy Metals from a "hold" rating to a "moderate buy" rating in a research report on Thursday, December 18th. TD Cowen upgraded shares of Trilogy Metals from a "hold" rating to a "buy" rating in a report on Friday, February 20th. TD Securities raised shares of Trilogy Metals from a "hold" rating to a "buy" rating in a research note on Friday, February 20th. Finally, Raymond James Financial reiterated a "market perform" rating on shares of Trilogy Metals in a report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Trilogy Metals has an average rating of "Moderate Buy" and an average target price of $7.75.

Trilogy Metals Trading Down 7.2%

TMQ stock opened at $3.22 on Thursday. Trilogy Metals has a 1-year low of $1.13 and a 1-year high of $11.29. The firm has a market cap of $555.61 million, a PE ratio of -12.88 and a beta of 1.21. The business's 50-day moving average price is $4.69 and its two-hundred day moving average price is $4.31.

Insider Buying and Selling at Trilogy Metals

In related news, Director William L. Iggiagruk Hensley sold 25,107 shares of the stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $4.40, for a total transaction of $110,470.80. Following the completion of the transaction, the director directly owned 18,531 shares in the company, valued at approximately $81,536.40. This trade represents a 57.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Trilogy Metals

Several institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in Trilogy Metals by 26.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 27,514 shares of the mining company's stock worth $119,000 after purchasing an additional 5,821 shares during the last quarter. Marshall Wace LLP grew its position in Trilogy Metals by 10.4% in the fourth quarter. Marshall Wace LLP now owns 64,657 shares of the mining company's stock valued at $279,000 after purchasing an additional 6,100 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Trilogy Metals in the 4th quarter valued at $27,000. Spire Wealth Management increased its stake in Trilogy Metals by 55.1% in the 3rd quarter. Spire Wealth Management now owns 18,774 shares of the mining company's stock valued at $39,000 after buying an additional 6,669 shares during the last quarter. Finally, State of Wyoming bought a new stake in Trilogy Metals during the 4th quarter worth about $32,000. Institutional investors own 16.75% of the company's stock.

About Trilogy Metals

Trilogy Metals Inc is a mineral exploration and development company focused on advancing high‐value copper, zinc, lead, gold and silver projects in northwestern Alaska. The company's flagship asset lies within the Ambler mining district, where it has assembled over 100,000 acres of mineral rights. Through systematic exploration programs, Trilogy Metals seeks to delineate and expand polymetallic deposits in one of the world's richest base and precious metal regions.

The centerpiece of Trilogy's portfolio is the Upper Kobuk Mineral Projects (UKMP), which includes the Arctic copper‐zinc‐lead‐gold‐silver deposit and the Bornite copper deposit.

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