Trilogy Metals (NYSEAMERICAN:TMQ) Reaches New 1-Year Low - Time to Sell?

Key Points

• Trilogy Metals fell to a new 52-week low of $2.79, trading below its 50-day and 200-day moving averages, with the stock down 0.5% and valued at approximately $512.6 million.
• Analyst sentiment remains mixed: recent brokerages downgraded or upgraded the stock to “Hold,” while the overall consensus is still “Moderate Buy” with a $5.50 price target.
• The company reported a quarterly loss of $0.04 per share, missing the $0.01-loss estimate, and analysts expect a full-year loss of $0.08 per share. Institutional investors own 16.75% of the stock.

Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Get Free Report)'s stock price reached a new 52-week low on Thursday. The company traded as low as $2.79 and last traded at $2.8150, with a volume of 109177 shares changing hands. The stock had previously closed at $2.85.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TMQ. Freedom Capital lowered shares of Trilogy Metals from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 5th. Zacks Research upgraded Trilogy Metals from a "strong sell" rating to a "hold" rating in a report on Monday, September 7th. Finally, UBS Group lowered Trilogy Metals to a "hold" rating in a research note on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, Trilogy Metals has a consensus rating of "Moderate Buy" and a consensus target price of $5.50.

Trilogy Metals Trading Down 0.5%

The stock's 50 day moving average price is $3.42 and its 200 day moving average price is $3.68. The company has a market cap of $512.60 million, a price-to-earnings ratio of -9.78 and a beta of 1.49.

Trilogy Metals (NYSEAMERICAN:TMQ - Get Free Report) last announced its quarterly earnings data on Wednesday, July 8th. The mining company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.03). During the same period last year, the firm posted ($0.01) EPS. On average, equities analysts expect that Trilogy Metals Inc. will post -0.08 earnings per share for the current fiscal year.

Institutional Trading of Trilogy Metals

Several institutional investors have recently made changes to their positions in TMQ. Fore Capital LLC acquired a new stake in shares of Trilogy Metals during the 2nd quarter worth $35,000. EP Wealth Advisors LLC purchased a new stake in Trilogy Metals during the second quarter valued at about $35,000. Bank of America Corp DE acquired a new stake in Trilogy Metals during the second quarter worth about $37,000. Silverlake Wealth Management LLC acquired a new stake in Trilogy Metals during the second quarter worth about $39,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Trilogy Metals in the 2nd quarter worth about $41,000. 16.75% of the stock is owned by hedge funds and other institutional investors.

Trilogy Metals Company Profile

Trilogy Metals Inc is a mineral exploration and development company focused on advancing copper, zinc, lead, gold and silver projects in Alaska. Its principal assets are located in the Upper Kobuk River region of northwestern Alaska, an area prospective for deposits containing metals used in construction, manufacturing, energy infrastructure and technology applications.

Through Ambler Metals LLC, its joint venture with South32, Trilogy Metals holds interests in the Upper Kobuk River project, which includes the Arctic copper-zinc-lead-gold-silver deposit and the Bornite copper project.

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