The Manufacturers Life Insurance Company Acquires New Shares in Trilogy Metals Inc. $TMQ

The Manufacturers Life Insurance Company bought a new stake in Trilogy Metals Inc. (NYSEAMERICAN:TMQ) during the second quarter, HoldingsChannel.com reports. The firm bought 271,057 shares of the mining company’s stock, valued at approximately $946,000.

Several other institutional investors have also recently bought and sold shares of TMQ. Electrum Group LLC bought a new position in shares of Trilogy Metals in the fourth quarter worth about $136,216,000. TSP Capital Management Group LLC grew its holdings in shares of Trilogy Metals by 0.3% during the 1st quarter. TSP Capital Management Group LLC now owns 6,754,500 shares of the mining company’s stock valued at $24,249,000 after purchasing an additional 23,500 shares during the last quarter. Old West Investment Management LLC acquired a new position in Trilogy Metals during the 2nd quarter worth approximately $21,385,000. Tidal Investments LLC increased its position in Trilogy Metals by 33.0% during the 3rd quarter. Tidal Investments LLC now owns 3,625,129 shares of the mining company’s stock worth $7,613,000 after purchasing an additional 899,656 shares in the last quarter. Finally, Goehring & Rozencwajg Associates LLC increased its position in Trilogy Metals by 22.7% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 1,728,153 shares of the mining company’s stock worth $6,221,000 after purchasing an additional 319,949 shares in the last quarter. Institutional investors and hedge funds own 16.75% of the company’s stock.

Trilogy Metals Trading Up 0.9%

Shares of TMQ stock opened at $3.30 on Friday. The firm 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 50-day moving average price is $3.41 and its 200-day moving average price is $3.81. Trilogy Metals Inc. has a 12 month low of $1.78 and a 12 month high of $11.29.

Trilogy Metals (NYSEAMERICAN:TMQ) last released its quarterly earnings data 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 in the prior year, the business earned ($0.01) earnings per share. On average, sell-side analysts predict that Trilogy Metals Inc. will post -0.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on TMQ. UBS Group lowered shares of Trilogy Metals to a “hold” rating in a research report on Wednesday, August 5th. Freedom Capital downgraded shares of Trilogy Metals from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Finally, Zacks Research cut Trilogy Metals from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $7.75.

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.