Trilogy Metals (NYSEAMERICAN:TMQ) Posts Quarterly Earnings Results

Trilogy Metals (NYSEAMERICAN:TMQGet Free Report) issued its earnings results on Wednesday. The mining company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.03), FiscalAI reports.

Trilogy Metals Price Performance

Shares of NYSEAMERICAN TMQ opened at $3.23 on Wednesday. The stock has a market capitalization of $557.34 million, a P/E ratio of -11.96 and a beta of 1.43. Trilogy Metals has a 1-year low of $1.33 and a 1-year high of $11.29. The business has a fifty day moving average price of $4.01 and a 200 day moving average price of $4.32.

Insider Transactions 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 value of $222,000.00. Following the transaction, the director owned 18,531 shares in the company, valued at $82,277.64. The trade was a 72.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 14.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in shares of Trilogy Metals during the 4th quarter worth approximately $27,000. State of Wyoming acquired a new stake in shares of Trilogy Metals in the 4th quarter worth $32,000. Captrust Financial Advisors purchased a new stake in shares of Trilogy Metals during the fourth quarter worth about $57,000. Jump Financial LLC acquired a new position in shares of Trilogy Metals during the fourth quarter valued at about $60,000. Finally, Pettinga Financial Advisors LLC acquired a new position in shares of Trilogy Metals during the fourth quarter valued at about $66,000. Hedge funds and other institutional investors own 16.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Freedom Capital upgraded Trilogy Metals to a “strong-buy” rating in a 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. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Trilogy Metals currently has a consensus rating of “Buy” and an average target price of $7.75.

Get Our Latest Analysis on TMQ

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.

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Earnings History for Trilogy Metals (NYSEAMERICAN:TMQ)

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