William Iggiagruk Hensley Sells 25,107 Shares of Trilogy Metals (NYSEAMERICAN:TMQ) Stock

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Director William Iggiagruk Hensley sold 25,107 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $4.40, for a total transaction of $110,470.80. Following the completion of the sale, the director directly owned 18,531 shares of the company’s stock, valued at $81,536.40. This trade represents a 57.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Trilogy Metals Price Performance

TMQ traded down $0.04 on Friday, reaching $4.43. 2,544,339 shares of the company traded hands, compared to its average volume of 5,906,893. The company has a market cap of $764.40 million, a price-to-earnings ratio of -17.72 and a beta of 1.18. The stock’s 50 day moving average price is $4.94 and its 200-day moving average price is $4.06. Trilogy Metals Inc. has a 52-week low of $1.13 and a 52-week high of $11.29.

Analysts Set New Price Targets

A number of research analysts have commented on TMQ shares. TD Cowen upgraded Trilogy Metals from a “hold” rating to a “buy” rating in a research note on Friday, February 20th. Raymond James Financial reiterated a “market perform” rating on shares of Trilogy Metals in a report on Wednesday, January 14th. Cormark raised Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Thursday, December 18th. Finally, TD Securities raised shares of Trilogy Metals from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $7.75.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TMQ. Envestnet Asset Management Inc. lifted its position in Trilogy Metals by 120.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 562,080 shares of the mining company’s stock worth $759,000 after acquiring an additional 306,547 shares during the last quarter. TSP Capital Management Group LLC lifted its position in shares of Trilogy Metals by 17.8% during the 2nd quarter. TSP Capital Management Group LLC now owns 6,152,500 shares of the mining company’s stock worth $8,306,000 after purchasing an additional 930,000 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Trilogy Metals by 5,289.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 204,800 shares of the mining company’s stock valued at $276,000 after purchasing an additional 201,000 shares during the period. XTX Topco Ltd bought a new stake in Trilogy Metals during the 2nd quarter valued at approximately $115,000. Finally, DLD Asset Management LP grew its holdings in Trilogy Metals by 20.0% in the 2nd quarter. DLD Asset Management LP now owns 300,000 shares of the mining company’s stock valued at $405,000 after buying an additional 50,000 shares during the last quarter. Institutional investors 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.