Trilogy Metals (NYSEAMERICAN:TMQ) Downgraded to Strong Sell Rating by Zacks Research

Trilogy Metals (NYSEAMERICAN:TMQ) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Monday,Zacks.com reports.

Separately, Raymond James Financial upgraded shares of Trilogy Metals from a “market perform” rating to an “outperform” rating in a report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $7.75.

Trilogy Metals Stock Performance

Shares of NYSEAMERICAN:TMQ opened at $3.44 on Monday. Trilogy Metals has a one year low of $1.43 and a one year high of $11.29. The stock has a fifty day moving average of $3.56 and a 200-day moving average of $4.08. The company has a market capitalization of $593.74 million, a PE ratio of -11.47 and a beta of 1.46.

Trilogy Metals (NYSEAMERICAN:TMQ) last released its quarterly earnings results on Wednesday, July 8th. The mining company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). During the same quarter last year, the business posted ($0.01) EPS. As a group, research analysts forecast that Trilogy Metals will post -0.05 EPS for the current fiscal year.

Insider Activity at Trilogy Metals

In related news, Director William L. Iggiagruk Hensley sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $4.44, for a total value of $222,000.00. Following the transaction, the director directly owned 18,531 shares of the company’s stock, valued at approximately $82,277.64. This trade represents a 72.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 14.60% of the company’s stock.

Institutional Investors Weigh In On Trilogy Metals

A number of large investors have recently added to or reduced their stakes in TMQ. Dimensional Fund Advisors LP grew its holdings in Trilogy Metals by 26.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 27,514 shares of the mining company’s stock valued at $119,000 after purchasing an additional 5,821 shares during the last quarter. Marshall Wace LLP raised its holdings in Trilogy Metals by 10.4% in the 4th quarter. Marshall Wace LLP now owns 64,657 shares of the mining company’s stock worth $279,000 after acquiring an additional 6,100 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Trilogy Metals in the 4th quarter worth $27,000. State of Wyoming acquired a new position in Trilogy Metals during the 4th quarter worth $32,000. Finally, Chicago Partners Investment Group LLC lifted its position in Trilogy Metals by 33.8% during the 1st quarter. Chicago Partners Investment Group LLC now owns 32,123 shares of the mining company’s stock worth $115,000 after acquiring an additional 8,123 shares during the last quarter. Institutional investors own 16.75% of the company’s stock.

Trilogy Metals Company Profile

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.