Trilogy Metals (NYSEAMERICAN:TMQ) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.
According to Zacks, “Trilogy Metals Inc. is a metal exploration company. It primarily explores for copper, zinc, lead, gold, silver and carbonate. The company’s project primarily consists of Ambler mining district located in northwestern Alaska. Trilogy Metals Inc., formerly known as NovaCopper Inc., is headquartered in Vancouver, Canada. “
Separately, Fundamental Research reiterated a “buy” rating and set a $2.15 target price on shares of Trilogy Metals in a research note on Friday, October 6th.
Trilogy Metals (TMQ) traded down $0.04 during mid-day trading on Thursday, reaching $1.50. 488,024 shares of the company’s stock traded hands, compared to its average volume of 585,590. Trilogy Metals has a 12-month low of $0.45 and a 12-month high of $1.64. The company has a market capitalization of $162.75, a price-to-earnings ratio of 10.00 and a beta of 0.29.
In other Trilogy Metals news, CEO Nieuwenhuyse Rick Van bought 1,159,096 shares of the stock in a transaction on Monday, December 18th. The stock was purchased at an average price of $0.83 per share, for a total transaction of $962,049.68. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
A hedge fund recently bought a new stake in Trilogy Metals stock. GMT Capital Corp purchased a new stake in shares of Trilogy Metals Inc (NYSEAMERICAN:TMQ) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 664,006 shares of the mining company’s stock, valued at approximately $628,000. GMT Capital Corp owned 0.63% of Trilogy Metals as of its most recent filing with the Securities and Exchange Commission (SEC).
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About Trilogy Metals
Trilogy Metals Inc, formerly NovaCopper Inc, is a Canada-based base metals exploration company. The Company focuses on exploring and developing its mineral holdings in the Ambler mining district located in Alaska, the United States. The Company’s principal assets, the Upper Kobuk Mineral Projects (UKMP or UKMP Projects), are located in the Ambler mining district in Northwest Alaska.
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