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

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) has been given a consensus recommendation of “Buy” by the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $7.75.

Several research analysts have issued reports on the company. TD Securities raised Trilogy Metals from a “hold” rating to a “buy” rating in a report on Friday, February 20th. Freedom Capital raised Trilogy Metals to a “strong-buy” rating in a report on Thursday, March 19th. Raymond James Financial raised Trilogy Metals from a “market perform” rating to an “outperform” rating in a report on Monday, April 6th. Finally, TD Cowen raised Trilogy Metals from a “hold” rating to a “buy” rating in a report on Friday, February 20th.

Insider Activity

In other Trilogy Metals news, Director William L. Iggiagruk Hensley sold 50,000 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $4.44, for a total value of $222,000.00. Following the transaction, the director owned 18,531 shares of the company’s stock, valued at approximately $82,277.64. This represents a 72.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 14.60% of the company’s stock.

Institutional Trading of Trilogy Metals

Several large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in Trilogy Metals by 26.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 27,514 shares of the mining company’s stock valued at $119,000 after purchasing an additional 5,821 shares during the period. Marshall Wace LLP raised its stake in Trilogy Metals by 10.4% during the 4th quarter. Marshall Wace LLP now owns 64,657 shares of the mining company’s stock valued at $279,000 after purchasing an additional 6,100 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Trilogy Metals during the 4th quarter valued at $27,000. State of Wyoming acquired a new stake in Trilogy Metals during the 4th quarter valued at $32,000. Finally, Chicago Partners Investment Group LLC raised its stake 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 period. 16.75% of the stock is owned by institutional investors and hedge funds.

Trilogy Metals Price Performance

Shares of NYSEAMERICAN:TMQ opened at $4.38 on Friday. Trilogy Metals has a 12 month low of $1.17 and a 12 month high of $11.29. The stock has a market cap of $755.77 million, a price-to-earnings ratio of -16.22 and a beta of 1.38. The stock’s 50 day moving average price is $4.04 and its 200 day moving average price is $4.41.

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.