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

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) has earned a consensus recommendation of “Hold” from the six research firms that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $7.75.

A number of equities research analysts recently commented on the company. Raymond James Financial reiterated a “market perform” rating on shares of Trilogy Metals in a research report on Wednesday, January 14th. Cormark raised Trilogy Metals from a “hold” rating to a “moderate buy” rating in a report on Thursday, December 18th. Cantor Fitzgerald raised shares of Trilogy Metals to a “buy” rating and set a $10.00 target price for the company in a report on Tuesday, October 7th. Cowen restated a “hold” rating on shares of Trilogy Metals in a research report on Tuesday, October 7th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $5.50 price objective on shares of Trilogy Metals in a research report on Friday, October 10th.

Institutional Investors Weigh In On Trilogy Metals

Several large investors have recently added to or reduced their stakes in the stock. Silverlake Wealth Management LLC purchased a new stake in Trilogy Metals during the fourth quarter valued at approximately $53,000. Spire Wealth Management raised its holdings in Trilogy Metals by 55.1% during the 3rd quarter. Spire Wealth Management now owns 18,774 shares of the mining company’s stock valued at $39,000 after buying an additional 6,669 shares during the period. Compass Wealth Management LLC bought a new stake in Trilogy Metals in the third quarter worth $63,000. Qube Research & Technologies Ltd bought a new stake in Trilogy Metals in the third quarter worth $105,000. Finally, XTX Topco Ltd purchased a new position in Trilogy Metals during the second quarter worth $115,000. 16.75% of the stock is owned by institutional investors.

Trilogy Metals Stock Performance

Shares of NYSEAMERICAN TMQ opened at $5.73 on Friday. The company has a market cap of $980.63 million, a P/E ratio of -114.60 and a beta of 1.17. Trilogy Metals has a 52-week low of $1.13 and a 52-week high of $11.29. The firm’s fifty day moving average is $4.60 and its two-hundred day moving average is $3.48.

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.