Analysts Set Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Target Price at $7.75

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) has been given an average recommendation of “Buy” by the seven brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $7.75.

TMQ has been the subject of several research reports. TD Cowen upgraded shares of Trilogy Metals from a “hold” rating to a “buy” rating in a report on Friday, February 20th. Freedom Capital upgraded shares of Trilogy Metals to a “strong-buy” rating in a research note on Thursday, March 19th. Raymond James Financial upgraded shares of Trilogy Metals from a “market perform” rating to an “outperform” rating in a research note on Monday, April 6th. Finally, TD Securities upgraded shares of Trilogy Metals from a “hold” rating to a “buy” rating in a research note on Friday, February 20th.

Insider Activity

In related news, Director William L. Iggiagruk Hensley sold 25,107 shares of the stock in a transaction dated 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. This trade represents a 57.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 14.60% of the stock is currently owned by insiders.

Institutional Trading of Trilogy Metals

Several institutional investors have recently bought and sold shares of the company. Chicago Partners Investment Group LLC grew 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 valued at $115,000 after purchasing an additional 8,123 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in Trilogy Metals during the 1st quarter valued at about $68,000. PFG Investments LLC purchased a new stake in Trilogy Metals during the 1st quarter valued at about $55,000. Private Advisor Group LLC purchased a new stake in Trilogy Metals during the 1st quarter valued at about $732,000. Finally, TSP Capital Management Group LLC grew its position in 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. 16.75% of the stock is owned by hedge funds and other institutional investors.

Trilogy Metals Trading Down 3.1%

Shares of NYSEAMERICAN TMQ opened at $4.31 on Tuesday. Trilogy Metals has a 12 month low of $1.13 and a 12 month high of $11.29. The firm has a market capitalization of $743.69 million, a PE ratio of -15.96 and a beta of 1.38. The firm has a fifty day simple moving average of $3.98 and a two-hundred day simple moving average of $4.53.

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.