Private Advisor Group LLC bought a new position in shares of Trilogy Metals Inc. (NYSEAMERICAN:TMQ – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 203,800 shares of the mining company’s stock, valued at approximately $732,000. Private Advisor Group LLC owned about 0.12% of Trilogy Metals at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of Trilogy Metals in the fourth quarter worth $27,000. State of Wyoming purchased a new stake in shares of Trilogy Metals during the fourth quarter valued at $32,000. Tradition Wealth Management LLC purchased a new stake in shares of Trilogy Metals during the fourth quarter valued at $43,000. Leonteq Securities AG acquired a new position in shares of Trilogy Metals in the 4th quarter valued at $43,000. Finally, Silverlake Wealth Management LLC acquired a new position in shares of Trilogy Metals in the 4th quarter valued at $53,000. Institutional investors and hedge funds own 16.75% of the company’s stock.
Insider Buying and Selling at Trilogy Metals
In other Trilogy Metals news, Director William L. Iggiagruk Hensley sold 50,000 shares of Trilogy Metals stock in a transaction dated 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 transaction, the director owned 18,531 shares in the company, valued at approximately $82,277.64. This trade represents a 72.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 14.60% of the company’s stock.
Trilogy Metals Price Performance
Trilogy Metals (NYSEAMERICAN:TMQ – Get Free Report) last issued its earnings results on Wednesday, July 8th. The mining company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.03). During the same period in the previous year, the firm earned ($0.01) EPS. Equities analysts anticipate that Trilogy Metals Inc. will post -0.05 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts have commented on TMQ shares. Raymond James Financial raised Trilogy Metals from a “market perform” rating to an “outperform” rating in a research report on Monday, April 6th. Freedom Capital upgraded Trilogy Metals to a “strong-buy” rating in a research note on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $7.75.
Read Our Latest Research Report on TMQ
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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