Trilogy Metals (NYSEAMERICAN:TMQ) Downgraded by TD Securities to “Hold”

TD Securities downgraded shares of Trilogy Metals (NYSEAMERICAN:TMQ) from a strong-buy rating to a hold rating in a research note issued to investors on Thursday morning, Zacks.com reports.

Trilogy Metals Price Performance

Trilogy Metals stock opened at $0.55 on Thursday. The stock has a market capitalization of $88.75 million, a PE ratio of -6.91 and a beta of 1.42. Trilogy Metals has a 12-month low of $0.25 and a 12-month high of $0.61.

Insider Buying and Selling

In related news, CFO Elaine Sanders sold 53,454 shares of Trilogy Metals stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $0.49, for a total value of $26,192.46. Following the completion of the sale, the chief financial officer now directly owns 2,503,107 shares in the company, valued at approximately $1,226,522.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Trilogy Metals

Several institutional investors and hedge funds have recently added to or reduced their stakes in TMQ. Virtu Financial LLC boosted its position in shares of Trilogy Metals by 301.1% during the 1st quarter. Virtu Financial LLC now owns 186,226 shares of the mining company’s stock valued at $93,000 after acquiring an additional 139,798 shares during the last quarter. Old West Investment Management LLC lifted its position in Trilogy Metals by 438.1% in the fourth quarter. Old West Investment Management LLC now owns 533,490 shares of the mining company’s stock valued at $229,000 after buying an additional 434,352 shares during the last quarter. Tidal Investments LLC acquired a new position in Trilogy Metals in the first quarter valued at about $525,000. Goehring & Rozencwajg Associates LLC lifted its position in Trilogy Metals by 3.0% in the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 1,647,016 shares of the mining company’s stock valued at $721,000 after buying an additional 47,310 shares during the last quarter. Finally, TSP Capital Management Group LLC lifted its position in Trilogy Metals by 5.1% in the first quarter. TSP Capital Management Group LLC now owns 5,027,500 shares of the mining company’s stock valued at $2,514,000 after buying an additional 245,000 shares during the last quarter. Hedge funds and other institutional investors own 16.75% of the company’s stock.

About Trilogy Metals

Trilogy Metals Inc, a base metals exploration company, engages in the exploration and development of mineral properties in the United States. The company explores for copper, cobalt, lead, zinc, gold, and silver properties. It principally holds interests in the Upper Kobuk mineral projects that include the Arctic, which contains polymetallic volcanogenic massive sulfide deposits; and Bornite that contains carbonate-hosted copper – cobalt deposits covering an area of approximately 448,217 acres located in the Ambler mining district in Northwest Alaska.