Trilogy Metals Inc. (NYSEAMERICAN:TMQ – Get Free Report) Director William Iggiagruk Hensley sold 50,000 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $4.44, for a total transaction of $222,000.00. Following the completion of the sale, the director directly owned 18,531 shares of the company’s stock, valued at $82,277.64. The trade was a 72.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Trilogy Metals Trading Down 1.7%
Shares of TMQ stock opened at $4.65 on Thursday. The company has a market capitalization of $802.36 million, a PE ratio of -17.22 and a beta of 1.38. The firm has a fifty day simple moving average of $4.02 and a 200-day simple moving average of $4.44. Trilogy Metals Inc. has a twelve month low of $1.13 and a twelve month high of $11.29.
Analyst Upgrades and Downgrades
A number of research analysts have commented on TMQ shares. Raymond James Financial upgraded shares of Trilogy Metals from a “market perform” rating to an “outperform” rating in a research note on Monday, April 6th. Freedom Capital upgraded shares of Trilogy Metals to a “strong-buy” rating in a research report on Thursday, March 19th. TD Cowen upgraded shares of Trilogy Metals from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. Finally, TD Securities upgraded shares of Trilogy Metals from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Trilogy Metals presently has an average rating of “Buy” and a consensus price target of $7.75.
Hedge Funds Weigh In On Trilogy Metals
Large investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd acquired a new position in Trilogy Metals during the 4th quarter valued at about $27,000. State of Wyoming acquired a new position in shares of Trilogy Metals in the 4th quarter worth approximately $32,000. Leonteq Securities AG acquired a new position in shares of Trilogy Metals in the 4th quarter worth approximately $43,000. Tradition Wealth Management LLC acquired a new position in shares of Trilogy Metals in the 4th quarter worth approximately $43,000. Finally, Silverlake Wealth Management LLC acquired a new position in shares of Trilogy Metals in the 4th quarter worth approximately $53,000. Institutional investors and hedge funds own 16.75% of the company’s stock.
Trilogy Metals Company Profile
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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