Brokerages Set Trilogy Metals Inc. (NYSEAMERICAN:TMQ) PT at $7.75

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) has been assigned a consensus rating of “Hold” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $7.75.

Several brokerages have commented on TMQ. UBS Group downgraded Trilogy Metals to a “hold” rating in a research note on Wednesday, August 5th. Freedom Capital downgraded shares of Trilogy Metals from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Finally, Zacks Research lowered shares of Trilogy Metals from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd.

Trilogy Metals Price Performance

TMQ stock opened at $3.30 on Friday. The stock has a market capitalization of $569.58 million, a price-to-earnings ratio of -11.00 and a beta of 1.49. The business’s fifty day moving average price is $3.41 and its two-hundred day moving average price is $3.81. Trilogy Metals has a fifty-two week low of $1.78 and a fifty-two week high of $11.29.

Trilogy Metals (NYSEAMERICAN:TMQ) last issued its quarterly earnings results 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 last year, the company posted ($0.01) earnings per share. Research analysts expect that Trilogy Metals will post -0.08 EPS for the current year.

Hedge Funds Weigh In On Trilogy Metals

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd acquired a new stake in Trilogy Metals during the 4th quarter valued at approximately $27,000. State of Wyoming bought a new stake in shares of Trilogy Metals in the 4th quarter valued at $32,000. Tradition Wealth Management LLC acquired a new stake in shares of Trilogy Metals during the fourth quarter worth $43,000. Leonteq Securities AG acquired a new stake in shares of Trilogy Metals during the fourth quarter worth $43,000. Finally, Fore Capital LLC bought a new position in Trilogy Metals during the second quarter worth $35,000. 16.75% of the stock is owned by institutional investors and hedge funds.

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.