Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Given Consensus Recommendation of “Buy” by Brokerages

Trilogy Metals Inc. (NYSEAMERICAN:TMQGet Free Report) has been given a consensus rating of “Buy” by the seven brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $7.75.

TMQ has been the subject of a number of recent analyst reports. Freedom Capital upgraded shares of Trilogy Metals to a “strong-buy” rating in a research report on Thursday, March 19th. Raymond James Financial upgraded shares of Trilogy Metals from a “market perform” rating to an “outperform” rating in a report on Monday, April 6th.

Read Our Latest Stock Analysis on Trilogy Metals

Insider Buying and Selling

In other Trilogy Metals news, Director William L. Iggiagruk Hensley sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $4.44, for a total transaction of $222,000.00. Following the sale, the director directly owned 18,531 shares in the company, valued at approximately $82,277.64. This trade represents a 72.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 14.60% of the company’s stock.

Institutional Trading of Trilogy Metals

Hedge funds have recently bought and sold shares of the stock. Electrum Group LLC bought a new position in shares of Trilogy Metals in the fourth quarter valued at $136,216,000. Tidal Investments LLC boosted its position in Trilogy Metals by 33.0% during the third quarter. Tidal Investments LLC now owns 3,625,129 shares of the mining company’s stock worth $7,613,000 after purchasing an additional 899,656 shares during the period. Walleye Capital LLC boosted its position in Trilogy Metals by 271.7% during the first quarter. Walleye Capital LLC now owns 945,678 shares of the mining company’s stock worth $3,395,000 after purchasing an additional 691,267 shares during the period. Alyeska Investment Group L.P. bought a new position in Trilogy Metals during the third quarter worth $1,050,000. Finally, Envestnet Asset Management Inc. boosted its position in Trilogy Metals by 80.3% during the third quarter. Envestnet Asset Management Inc. now owns 1,013,517 shares of the mining company’s stock worth $2,128,000 after purchasing an additional 451,437 shares during the period. 16.75% of the stock is currently owned by institutional investors and hedge funds.

Trilogy Metals Stock Down 3.8%

TMQ opened at $3.56 on Wednesday. Trilogy Metals has a 12 month low of $1.30 and a 12 month high of $11.29. The company has a fifty day simple moving average of $4.20 and a 200 day simple moving average of $4.40. The stock has a market cap of $614.28 million, a P/E ratio of -13.19 and a beta of 1.37.

About Trilogy Metals

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Trilogy Metals (NYSEAMERICAN:TMQ)

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