Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Receives $7.75 Average Price Target from Brokerages

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) has earned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $7.75.

TMQ has been the topic of several recent analyst reports. TD Securities upgraded shares of Trilogy Metals from a “hold” rating to a “buy” rating in a report on Friday, February 20th. TD Cowen upgraded shares of Trilogy Metals from a “hold” rating to a “buy” rating in a report on Friday, February 20th. Cormark raised shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research report on Thursday, December 18th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Trilogy Metals in a report on Wednesday, January 14th.

Insider Buying and Selling at Trilogy Metals

In related news, Director William L. Iggiagruk Hensley sold 25,107 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $4.40, for a total value of $110,470.80. Following the sale, the director directly owned 18,531 shares of the company’s stock, valued at $81,536.40. This trade represents a 57.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 15.20% of the company’s stock.

Institutional Investors Weigh In On Trilogy Metals

Institutional investors and hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd bought a new stake in shares of Trilogy Metals in the 4th quarter worth approximately $27,000. State of Wyoming purchased a new stake in Trilogy Metals in the fourth quarter worth $32,000. Spire Wealth Management boosted its holdings in Trilogy Metals by 55.1% in the third quarter. Spire Wealth Management now owns 18,774 shares of the mining company’s stock valued at $39,000 after acquiring an additional 6,669 shares in the last quarter. Leonteq Securities AG bought a new stake in Trilogy Metals in the fourth quarter valued at $43,000. Finally, Tradition Wealth Management LLC purchased a new position in Trilogy Metals during the 4th quarter valued at $43,000. Hedge funds and other institutional investors own 16.75% of the company’s stock.

Trilogy Metals Trading Down 5.1%

NYSEAMERICAN TMQ opened at $3.89 on Monday. Trilogy Metals has a 1-year low of $1.13 and a 1-year high of $11.29. The stock has a 50-day moving average of $4.83 and a 200-day moving average of $4.28. The firm has a market cap of $671.22 million, a PE ratio of -15.56 and a beta of 1.21.

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.