Trilogy Metals (NYSEAMERICAN:TMQ) CFO Elaine Sanders Sells 449,599 Shares

Key Points

• Elaine Sanders, the CFO of Trilogy Metals, sold 449,599 shares of the company's stock on October 8th, significantly reducing her ownership by 12.49%.
• Trilogy Metals' stock price recently traded at $5.93, down $0.62, with a market cap of approximately $974.36 million and a twelve-month range from $0.49 to $7.98.
• Recent analyst activity included upgrades and downgrades, with a consensus rating of "Hold" and a price target of $7.75 for Trilogy Metals stock.

Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Get Free Report) CFO Elaine Sanders sold 449,599 shares of Trilogy Metals stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $6.84, for a total value of $3,075,257.16. Following the transaction, the chief financial officer directly owned 3,149,561 shares in the company, valued at approximately $21,542,997.24. This trade represents a 12.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Trilogy Metals Stock Performance

Shares of Trilogy Metals stock traded down $0.62 during trading on Friday, hitting $5.93. 35,147,898 shares of the stock traded hands, compared to its average volume of 2,396,924. The stock has a market cap of $974.36 million, a P/E ratio of -118.60 and a beta of 1.18. Trilogy Metals Inc. has a twelve month low of $0.49 and a twelve month high of $7.98. The company has a fifty day moving average price of $2.20 and a two-hundred day moving average price of $1.73.

Trilogy Metals (NYSEAMERICAN:TMQ - Get Free Report) last announced its quarterly earnings results on Thursday, July 10th. The mining company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). On average, equities research analysts expect that Trilogy Metals Inc. will post -0.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TMQ has been the subject of several analyst reports. Raymond James Financial upgraded Trilogy Metals from a "hold" rating to a "moderate buy" rating in a report on Tuesday. BMO Capital Markets restated a "market perform" rating and issued a $5.50 target price on shares of Trilogy Metals in a report on Friday. Cormark downgraded Trilogy Metals from a "moderate buy" rating to a "hold" rating in a research report on Wednesday. Cowen reaffirmed a "hold" rating on shares of Trilogy Metals in a research report on Tuesday. Finally, Cantor Fitzgerald raised Trilogy Metals to a "buy" rating and set a $10.00 price target on the stock in a research report on Tuesday. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Trilogy Metals presently has a consensus rating of "Hold" and a consensus price target of $7.75.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Birchbrook Inc. boosted its position in Trilogy Metals by 25.0% during the first quarter. Birchbrook Inc. now owns 50,000 shares of the mining company's stock valued at $78,000 after purchasing an additional 10,000 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Trilogy Metals in the first quarter valued at approximately $83,000. XTX Topco Ltd acquired a new stake in Trilogy Metals during the 2nd quarter valued at $115,000. Jane Street Group LLC bought a new position in Trilogy Metals during the second quarter worth $154,000. Finally, Bank of America Corp DE increased its holdings in shares of 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 valued at $165,000 after purchasing an additional 17,291 shares during the last quarter. 16.75% of the stock is 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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