Shares of Trilogy Metals Inc. (NYSEAMERICAN:TMQ – Get Free Report) have earned a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $7.75.
A number of research analysts have recently issued reports on TMQ shares. Freedom Capital downgraded shares of Trilogy Metals from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Zacks Research raised shares of Trilogy Metals from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. Finally, UBS Group lowered shares of Trilogy Metals to a “hold” rating in a report on Wednesday, August 5th.
Trilogy Metals Stock Performance
Trilogy Metals (NYSEAMERICAN:TMQ – Get Free Report) last released 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 quarter in the prior year, the business earned ($0.01) earnings per share. As a group, equities analysts forecast that Trilogy Metals will post -0.08 EPS for the current year.
Hedge Funds Weigh In On Trilogy Metals
A number of institutional investors have recently modified their holdings of TMQ. Electrum Group LLC purchased a new position in shares of Trilogy Metals during the 4th quarter valued at $136,216,000. TSP Capital Management Group LLC increased its holdings in Trilogy Metals by 0.3% in the 1st quarter. TSP Capital Management Group LLC now owns 6,754,500 shares of the mining company’s stock worth $24,249,000 after acquiring an additional 23,500 shares during the last quarter. Old West Investment Management LLC bought a new stake in Trilogy Metals in the 2nd quarter valued at about $21,385,000. Goehring & Rozencwajg Associates LLC raised its stake in Trilogy Metals by 22.7% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 1,728,153 shares of the mining company’s stock valued at $6,221,000 after acquiring an additional 319,949 shares during the period. Finally, Walleye Capital LLC lifted its holdings in Trilogy Metals by 271.7% during the first quarter. Walleye Capital LLC now owns 945,678 shares of the mining company’s stock valued at $3,395,000 after purchasing an additional 691,267 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 is a mineral exploration and development company focused on advancing copper and other base- and precious-metal assets in Alaska. The company is not a producing mining company; its activities center on exploration, resource evaluation, permitting and project development.
Trilogy’s principal assets are located in the Ambler mining district of northwestern Alaska and include the Arctic and Bornite projects. The Arctic deposit is known for copper, zinc, lead, gold and silver mineralization, while the Bornite project is a copper-focused exploration and development property with additional mineralization.
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