Brokerages Set Trilogy Metals Inc. (NYSEAMERICAN:TMQ) PT at $7.75

Shares of Trilogy Metals Inc. (NYSEAMERICAN:TMQ) have earned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $7.75.

Several research firms have issued reports on TMQ. Cormark upgraded shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Thursday, December 18th. Raymond James Financial reiterated a “market perform” rating on shares of Trilogy Metals in a research note on Wednesday, January 14th. TD Cowen raised shares of Trilogy Metals from a “hold” rating to a “buy” rating in a report on Friday, February 20th. TD Securities upgraded shares of Trilogy Metals from a “hold” rating to a “buy” rating in a report on Friday, February 20th. Finally, Freedom Capital raised shares of Trilogy Metals to a “strong-buy” rating in a research report on Thursday, March 19th.

Insider Activity

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in shares of 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 purchased a new position in shares of Trilogy Metals in the second quarter worth approximately $115,000. Jane Street Group LLC purchased a new position in shares of Trilogy Metals in the second quarter worth approximately $154,000. Bank of America Corp DE grew its position in Trilogy Metals by 16.5% during the second quarter. Bank of America Corp DE now owns 122,095 shares of the mining company’s stock valued at $165,000 after buying an additional 17,291 shares during the period. Finally, GAM Holding AG purchased a new stake in Trilogy Metals during the third quarter valued at approximately $420,000. Institutional investors own 16.75% of the company’s stock.

Trilogy Metals Price Performance

Shares of NYSEAMERICAN:TMQ opened at $3.77 on Friday. Trilogy Metals has a 1 year low of $1.13 and a 1 year high of $11.29. The company has a market cap of $650.51 million, a P/E ratio of -13.96 and a beta of 1.31. The stock’s fifty day moving average price is $4.27 and its 200-day moving average price is $4.46.

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.