Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Given Average Rating of "Hold" by Brokerages

Key Points

• Trilogy Metals Inc. (TMQ) has received a consensus rating of "Hold" from six brokerages, with four holding and two buy ratings, and a twelve-month price target averaging $7.75.
• The company's stock recently saw a 5.3% increase in trading, up to $6.90, with significant trading volume surpassing average levels.
• Institutional investors have been active, with Birchbrook Inc. increasing its stake by 25% and several others acquiring new positions in the company over recent quarters.

Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Get Free Report) has been assigned a consensus rating of "Hold" from the six brokerages that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $7.75.

Several brokerages have issued reports on TMQ. Cantor Fitzgerald upgraded shares of Trilogy Metals to a "buy" rating and set a $10.00 price target on the stock in a research note on Tuesday. Cormark lowered shares of Trilogy Metals from a "moderate buy" rating to a "hold" rating in a research note on Wednesday. BMO Capital Markets reiterated a "market perform" rating and issued a $5.50 price target on shares of Trilogy Metals in a research note on Friday. Cowen reiterated a "hold" rating on shares of Trilogy Metals in a research note on Tuesday. Finally, TD Securities reiterated a "hold" rating on shares of Trilogy Metals in a research note on Tuesday.

Trilogy Metals Stock Up 5.3%

TMQ traded up $0.35 during trading on Friday, hitting $6.90. The company had a trading volume of 9,905,819 shares, compared to its average volume of 2,260,325. The company has a market capitalization of $1.13 billion, a PE ratio of -137.50 and a beta of 1.18. Trilogy Metals has a one year low of $0.49 and a one year high of $7.98. The firm's 50-day moving average price is $2.11 and its 200 day moving average price is $1.70.

Trilogy Metals (NYSEAMERICAN:TMQ - Get Free Report) last posted its quarterly earnings data on Thursday, July 10th. The mining company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). Sell-side analysts forecast that Trilogy Metals will post -0.03 earnings per share for the current year.

Insider Transactions at Trilogy Metals

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Birchbrook Inc. increased its stake in shares of Trilogy Metals by 25.0% during the 1st 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 last quarter. Virtu Financial LLC acquired a new position in shares of Trilogy Metals during the 1st quarter worth about $83,000. XTX Topco Ltd acquired a new position in shares of Trilogy Metals during the 2nd quarter worth about $115,000. Jane Street Group LLC acquired a new position in shares of Trilogy Metals during the 2nd quarter worth about $154,000. Finally, Bank of America Corp DE increased its stake 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 worth $165,000 after purchasing an additional 17,291 shares during the last quarter. 16.75% of the stock is currently owned by institutional investors and hedge funds.

Trilogy Metals Company Profile

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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