Old West Investment Management LLC Takes $21.39 Million Position in Trilogy Metals Inc. $TMQ

Posted by Francis Steltz on Aug 17th, 2026

Old West Investment Management LLC acquired a new stake in shares of Trilogy Metals Inc. (NYSEAMERICAN:TMQ – Free Report) during the second quarter, HoldingsChannel reports. The institutional investor acquired 6,092,657 shares of the mining company’s stock, valued at approximately $21,385,000. Trilogy Metals comprises about 2.3% of Old West Investment Management LLC’s investment portfolio, making the stock its 10th biggest holding.

Several other institutional investors have also recently added to or reduced their stakes in the company. Walleye Capital LLC lifted its holdings in Trilogy Metals by 271.7% in the 1st 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 in the last quarter. Goehring & Rozencwajg Associates LLC grew its holdings in shares of Trilogy Metals by 22.7% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 1,728,153 shares of the mining company’s stock worth $6,221,000 after buying an additional 319,949 shares in the last quarter. Electrum Group LLC purchased a new stake in shares of Trilogy Metals during the fourth quarter worth about $136,216,000. Private Advisor Group LLC acquired a new position in shares of Trilogy Metals in the first quarter valued at approximately $732,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Trilogy Metals during the fourth quarter valued at approximately $124,000. Institutional investors and hedge funds own 16.75% of the company’s stock.

Trilogy Metals Price Performance

NYSEAMERICAN TMQ opened at $3.74 on Monday. Trilogy Metals Inc. has a 12 month low of $1.50 and a 12 month high of $11.29. The company has a 50-day moving average of $3.44 and a 200-day moving average of $3.96. The company has a market cap of $645.52 million, a P/E ratio of -12.47 and a beta of 1.46.

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 quarter in the prior year, the firm earned ($0.01) EPS. As a group, equities research analysts anticipate that Trilogy Metals Inc. will post -0.05 EPS for the current year.

Analysts Set New Price Targets

TMQ has been the topic of a number of analyst reports. UBS Group lowered shares of Trilogy Metals to a “hold” rating in a research report on Wednesday, August 5th. Zacks Research lowered Trilogy Metals from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd. Finally, Freedom Capital lowered Trilogy Metals from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $7.75.

Get Our Latest Report on TMQ

Trilogy Metals Profile

(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.