Trilogy Metals (NYSEAMERICAN:TMQ) Upgraded by Raymond James Financial to “Outperform” Rating

Trilogy Metals (NYSEAMERICAN:TMQ) was upgraded by analysts at Raymond James Financial from a “market perform” rating to an “outperform” rating in a research note issued to investors on Monday.

A number of other research firms have also recently weighed in on TMQ. Cormark raised Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research report on Thursday, December 18th. TD Securities raised Trilogy Metals from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. TD Cowen upgraded Trilogy Metals from a “hold” rating to a “buy” rating in a research note on Friday, February 20th. Finally, Freedom Capital raised Trilogy Metals to a “strong-buy” rating in a report on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Trilogy Metals has an average rating of “Buy” and a consensus price target of $7.75.

Trilogy Metals Stock Performance

NYSEAMERICAN:TMQ traded down $0.05 during midday trading on Monday, reaching $3.73. 335,878 shares of the stock traded hands, compared to its average volume of 4,715,675. The stock has a market capitalization of $642.75 million, a PE ratio of -13.86 and a beta of 1.31. Trilogy Metals has a 12-month low of $1.13 and a 12-month high of $11.29. The business has a 50-day moving average of $4.27 and a two-hundred day moving average of $4.46.

Insider Activity

In related news, Director William L. Iggiagruk Hensley sold 25,107 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $4.40, for a total value of $110,470.80. Following the completion of the transaction, the director directly owned 18,531 shares in the company, valued at $81,536.40. The trade was a 57.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 15.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

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

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.