Trilogy Metals (TMQ) to Release Earnings on Friday

Trilogy Metals (NYSEAMERICAN:TMQ) is anticipated to issue its results before the market opens on Friday, February 13th. Analysts expect Trilogy Metals to post earnings of ($0.01) per share for the quarter.

Trilogy Metals Trading Up 0.7%

Shares of TMQ opened at $4.58 on Thursday. The company’s 50 day simple moving average is $5.04 and its 200-day simple moving average is $3.88. The firm has a market cap of $783.82 million, a PE ratio of -91.60 and a beta of 1.18. Trilogy Metals has a 12-month low of $1.13 and a 12-month high of $11.29.

Institutional Investors Weigh In On Trilogy Metals

Hedge funds have recently bought and sold shares of the business. Tidal Investments LLC lifted its stake in shares of Trilogy Metals by 33.0% in the third quarter. Tidal Investments LLC now owns 3,625,129 shares of the mining company’s stock worth $7,613,000 after buying an additional 899,656 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Trilogy Metals during the 3rd quarter worth about $1,050,000. Millennium Management LLC lifted its holdings in Trilogy Metals by 24.8% during the 3rd quarter. Millennium Management LLC now owns 401,668 shares of the mining company’s stock valued at $844,000 after purchasing an additional 79,719 shares during the last quarter. Two Sigma Investments LP boosted its position in Trilogy Metals by 52.3% in the third quarter. Two Sigma Investments LP now owns 326,721 shares of the mining company’s stock valued at $686,000 after buying an additional 112,127 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Trilogy Metals by 5,289.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 204,800 shares of the mining company’s stock worth $276,000 after acquiring an additional 201,000 shares during the last quarter. 16.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TMQ. Cormark raised shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research report on Thursday, December 18th. Raymond James Financial reissued a “market perform” rating on shares of Trilogy Metals in a report on Wednesday, January 14th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Trilogy Metals has an average rating of “Hold” and an average target price of $7.75.

Trilogy Metals Company Profile

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.