Trilogy Metals (NYSEAMERICAN:TMQ) Stock Crosses Above 50-Day Moving Average - Time to Sell?

Key Points

• Trilogy Metals shares crossed above their 50-day moving average, reaching $3.81 before closing at $3.62 on elevated volume. The stock remains below its 200-day moving average of $3.85.
• Analyst sentiment has weakened, with UBS and Freedom Capital downgrading the stock to “Hold” and Zacks Research issuing a “Strong Sell” rating. The consensus rating is Hold, although the average price target of $7.75 is well above the recent share price.
• The company reported a quarterly loss of $0.04 per share, missing the $0.01-loss consensus estimate; institutional investors own 16.75% of the stock after several funds increased their positions.

Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Get Free Report)'s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $3.42 and traded as high as $3.81. Trilogy Metals shares last traded at $3.62, with a volume of 1,932,848 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. UBS Group lowered shares of Trilogy Metals to a "hold" rating in a research report on Wednesday, August 5th. Zacks Research cut shares of Trilogy Metals from a "hold" rating to a "strong sell" rating in a report on Monday, August 3rd. Finally, Freedom Capital lowered shares of Trilogy Metals from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 5th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Trilogy Metals has a consensus rating of "Hold" and an average price target of $7.75.

Trilogy Metals Stock Performance

The company has a 50 day moving average price of $3.42 and a 200 day moving average price of $3.85. The company has a market capitalization of $624.81 million, a PE ratio of -12.07 and a beta of 1.46.

Trilogy Metals (NYSEAMERICAN:TMQ - Get Free Report) last posted its quarterly earnings results on Wednesday, July 8th. The mining company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.03). During the same period in the prior year, the company posted ($0.01) EPS. On average, equities analysts forecast that Trilogy Metals Inc. will post -0.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its stake in Trilogy Metals by 26.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 27,514 shares of the mining company's stock valued at $119,000 after buying an additional 5,821 shares during the last quarter. Marshall Wace LLP grew its position in shares of Trilogy Metals by 10.4% during the fourth quarter. Marshall Wace LLP now owns 64,657 shares of the mining company's stock worth $279,000 after acquiring an additional 6,100 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Trilogy Metals in the 4th quarter worth about $27,000. State of Wyoming bought a new stake in Trilogy Metals during the 4th quarter valued at $32,000. Finally, Chicago Partners Investment Group LLC raised its stake in Trilogy Metals by 33.8% during the 1st quarter. Chicago Partners Investment Group LLC now owns 32,123 shares of the mining company's stock valued at $115,000 after acquiring an additional 8,123 shares in the last quarter. Institutional investors and hedge funds 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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