Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Get Free Report) Director Janice Stairs sold 50,613 shares of the stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $6.56, for a total value of $332,021.28. Following the transaction, the director directly owned 508,608 shares of the company's stock, valued at $3,336,468.48. The trade was a 9.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Trilogy Metals Stock Down 9.5%
Shares of Trilogy Metals stock traded down $0.62 during mid-day trading on Friday, reaching $5.93. 35,147,898 shares of the stock traded hands, compared to its average volume of 2,396,924. The business has a 50-day moving average of $2.20 and a 200 day moving average of $1.73. Trilogy Metals Inc. has a fifty-two week low of $0.49 and a fifty-two week high of $7.98. The stock has a market capitalization of $974.36 million, a PE ratio of -118.60 and a beta of 1.18.
Trilogy Metals (NYSEAMERICAN:TMQ - Get Free Report) last announced its earnings results on Thursday, July 10th. The mining company reported ($0.01) EPS for the quarter, meeting analysts' consensus estimates of ($0.01). On average, equities research analysts expect that Trilogy Metals Inc. will post -0.03 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its position in Trilogy Metals by 16.5% in the second quarter. Bank of America Corp DE now owns 122,095 shares of the mining company's stock worth $165,000 after acquiring an additional 17,291 shares during the period. Jane Street Group LLC purchased a new position in Trilogy Metals in the second quarter worth approximately $154,000. DLD Asset Management LP grew its position in Trilogy Metals by 20.0% in the second quarter. DLD Asset Management LP now owns 300,000 shares of the mining company's stock worth $405,000 after acquiring an additional 50,000 shares during the period. XTX Topco Ltd purchased a new position in shares of Trilogy Metals during the second quarter worth $115,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Trilogy Metals by 5,289.5% during the second quarter. JPMorgan Chase & Co. now owns 204,800 shares of the mining company's stock worth $276,000 after buying an additional 201,000 shares during the period. 16.75% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
TMQ has been the subject of a number of research analyst reports. Cantor Fitzgerald raised Trilogy Metals to a "buy" rating and set a $10.00 target price for the company in a report on Tuesday. Cowen reaffirmed a "hold" rating on shares of Trilogy Metals in a report on Tuesday. Cormark cut Trilogy Metals from a "moderate buy" rating to a "hold" rating in a report on Wednesday. TD Securities reaffirmed a "hold" rating on shares of Trilogy Metals in a report on Tuesday. Finally, BMO Capital Markets reaffirmed a "market perform" rating and issued a $5.50 price target on shares of Trilogy Metals in a report on Friday. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Trilogy Metals presently has a consensus rating of "Hold" and a consensus price target of $7.75.
Get Our Latest Stock Analysis on Trilogy Metals
Trilogy Metals Company Profile
(
Get 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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