Trilogy Metals (NYSEAMERICAN:TMQ) Releases Quarterly Earnings Results

Trilogy Metals (NYSEAMERICAN:TMQ) issued its quarterly earnings results on Wednesday. The mining company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03), FiscalAI reports. During the same quarter in the previous year, the company posted ($0.01) earnings per share.

Trilogy Metals Price Performance

Shares of NYSEAMERICAN TMQ opened at $3.14 on Thursday. The stock has a market capitalization of $541.81 million, a P/E ratio of -11.63 and a beta of 1.43. Trilogy Metals has a one year low of $1.43 and a one year high of $11.29. The firm’s 50 day simple moving average is $3.99 and its two-hundred day simple moving average is $4.31.

Insider Activity at Trilogy Metals

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

Institutional Trading of Trilogy Metals

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC boosted its stake in shares of Trilogy Metals by 64.8% during the fourth quarter. Virtu Financial LLC now owns 21,207 shares of the mining company’s stock valued at $91,000 after purchasing an additional 8,337 shares during the period. Mackenzie Financial Corp bought a new stake in Trilogy Metals during the 4th quarter valued at $416,000. Janus Henderson Group PLC purchased a new stake in Trilogy Metals during the 4th quarter valued at $223,000. Engineers Gate Manager LP bought a new stake in Trilogy Metals in the 4th quarter worth $89,000. Finally, Jump Financial LLC bought a new stake in Trilogy Metals in the 4th quarter worth $60,000. Institutional investors own 16.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Freedom Capital raised shares of Trilogy Metals to a “strong-buy” rating in a report on Thursday, March 19th. Raymond James Financial raised 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 assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Trilogy Metals currently has an average rating of “Buy” and a consensus target price 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.