Q3 EPS Estimates for Trilogy Metals Boosted by Analyst

Key Points

• Raymond James Financial has raised its Q3 2026 EPS estimates for Trilogy Metals to $0.00, indicating a positive outlook for the mining company's earnings compared to a previous estimate of ($0.01).
• Trilogy Metals currently has a consensus target price of $10.00 with ratings including "Outperform" from Raymond James and "Buy" from Cantor Fitzgerald.
• The company's stock has been active among institutional investors, with notable increases in stakes from several hedge funds, indicating growing interest in the company.

Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Free Report) - Research analysts at Raymond James Financial lifted their Q3 2026 EPS estimates for shares of Trilogy Metals in a research note issued on Tuesday, October 7th. Raymond James Financial analyst B. Macarthur now expects that the mining company will post earnings of $0.00 per share for the quarter, up from their prior estimate of ($0.01). Raymond James Financial currently has a "Outperform" rating on the stock. The consensus estimate for Trilogy Metals' current full-year earnings is ($0.03) per share.

A number of other brokerages also recently issued reports on TMQ. TD Securities restated a "hold" rating on shares of Trilogy Metals in a report on Tuesday. Cantor Fitzgerald upgraded shares of Trilogy Metals to a "buy" rating and set a $10.00 target price for the company in a report on Tuesday. Finally, Cowen reiterated a "hold" rating on shares of Trilogy Metals in a research note on Tuesday. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $10.00.

Trilogy Metals Stock Performance

Trilogy Metals stock opened at $6.50 on Wednesday. The stock has a market capitalization of $1.07 billion, a P/E ratio of -130.00 and a beta of 1.18. The company's fifty day moving average price is $1.92 and its 200 day moving average price is $1.64. Trilogy Metals has a 1 year low of $0.47 and a 1 year high of $7.98.

Trilogy Metals (NYSEAMERICAN:TMQ - Get Free Report) last released its quarterly earnings results on Thursday, July 10th. The mining company reported ($0.01) EPS for the quarter, hitting analysts' consensus estimates of ($0.01).

Insiders Place Their Bets

In other Trilogy Metals news, Director William L. Iggiagruk Hensley sold 50,000 shares of the business's stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $1.74, for a total transaction of $87,000.00. Following the sale, the director owned 143,638 shares in the company, valued at approximately $249,930.12. The trade was a 25.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 15.20% of the company's stock.

Hedge Funds Weigh In On Trilogy Metals

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TMQ. Birchbrook Inc. lifted its position in Trilogy Metals by 25.0% in the first quarter. Birchbrook Inc. now owns 50,000 shares of the mining company's stock worth $78,000 after purchasing an additional 10,000 shares during the period. Virtu Financial LLC acquired a new stake in Trilogy Metals in the first quarter worth about $83,000. XTX Topco Ltd bought a new position in Trilogy Metals during the second quarter worth about $115,000. Jane Street Group LLC bought a new position in Trilogy Metals during the second quarter worth about $154,000. Finally, Bank of America Corp DE lifted its holdings in shares of Trilogy Metals by 16.5% during the 2nd quarter. Bank of America Corp DE now owns 122,095 shares of the mining company's stock valued at $165,000 after purchasing an additional 17,291 shares in the last quarter. Institutional investors and hedge funds own 16.75% of the company's stock.

About Trilogy Metals

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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