Trilogy Metals (NYSEAMERICAN:TMQ) Director William Beckwith Hayden Sells 64,294 Shares

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Director William Beckwith Hayden sold 64,294 shares of the business’s stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $7.06, for a total transaction of $453,915.64. Following the transaction, the director owned 582,865 shares in the company, valued at approximately $4,115,026.90. The trade was a 9.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

William Beckwith Hayden also recently made the following trade(s):

• On Thursday, October 9th, William Beckwith Hayden sold 200,000 shares of Trilogy Metals stock. The stock was sold at an average price of $6.61, for a total transaction of $1,322,000.00.

Trilogy Metals Trading Down 9.5%

Shares of TMQ opened at $5.93 on Friday. The company has a market cap of $974.36 million, a price-to-earnings ratio of -118.60 and a beta of 1.18. Trilogy Metals Inc. has a 1-year low of $0.49 and a 1-year high of $7.98. The company’s fifty day simple moving average is $2.20 and its 200 day simple moving average is $1.73.

Trilogy Metals (NYSEAMERICAN:TMQ) last issued its earnings results on Thursday, July 10th. The mining company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). As a group, research analysts forecast that Trilogy Metals Inc. will post -0.03 earnings per share for the current year.

Hedge Funds Weigh In On Trilogy Metals

Institutional investors and hedge funds have recently modified their holdings of the business. Birchbrook Inc. grew its stake in shares of Trilogy Metals by 25.0% in the first quarter. Birchbrook Inc. now owns 50,000 shares of the mining company’s stock valued at $78,000 after acquiring an additional 10,000 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Trilogy Metals in the first quarter valued at about $83,000. XTX Topco Ltd acquired a new position in shares of Trilogy Metals in the second quarter valued at about $115,000. Jane Street Group LLC acquired a new position in shares of Trilogy Metals in the second quarter valued at about $154,000. Finally, Bank of America Corp DE grew its stake in shares of Trilogy Metals by 16.5% in the second quarter. Bank of America Corp DE now owns 122,095 shares of the mining company’s stock valued at $165,000 after acquiring an additional 17,291 shares in the last quarter. 16.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on TMQ. Cormark downgraded shares of Trilogy Metals from a “moderate buy” rating to a “hold” rating in a report on Wednesday. Cowen reiterated a “hold” rating on shares of Trilogy Metals in a report on Tuesday. Cantor Fitzgerald upgraded shares of Trilogy Metals to a “buy” rating and set a $10.00 price objective on the stock in a report on Tuesday. Raymond James Financial upgraded shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a report on Tuesday. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $5.50 price objective on shares of Trilogy Metals in a report on Friday. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $7.75.

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.