Freedom Capital cut shares of Trilogy Metals (NYSEAMERICAN:TMQ – Free Report) from a strong-buy rating to a hold rating in a research report report published on Wednesday,Zacks.com reports.
Several other research analysts have also recently issued reports on TMQ. UBS Group cut shares of Trilogy Metals to a “hold” rating in a report on Wednesday. Zacks Research cut shares of Trilogy Metals from a “hold” rating to a “strong sell” rating in a report on Monday. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $7.75.
Trilogy Metals Stock Performance
Trilogy Metals (NYSEAMERICAN:TMQ – Get Free Report) last announced its quarterly earnings data 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 posted ($0.01) earnings per share. As a group, analysts predict that Trilogy Metals will post -0.05 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd purchased a new stake in Trilogy Metals in the 4th quarter worth $27,000. State of Wyoming acquired a new position in Trilogy Metals during the fourth quarter worth $32,000. Tradition Wealth Management LLC purchased a new position in Trilogy Metals during the fourth quarter valued at $43,000. Leonteq Securities AG purchased a new position in Trilogy Metals during the fourth quarter valued at $43,000. Finally, Silverlake Wealth Management LLC acquired a new stake in shares of Trilogy Metals in the second quarter valued at about $39,000. Hedge funds and other institutional investors own 16.75% of the company’s stock.
About Trilogy Metals
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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