Trilogy Metals (NYSEAMERICAN:TMQ) Stock Passes Above Fifty Day Moving Average – Time to Sell?

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $3.42 and traded as high as $3.81. Trilogy Metals shares last traded at $3.62, with a volume of 1,932,848 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TMQ. UBS Group lowered shares of Trilogy Metals to a “hold” rating in a research report on Wednesday, August 5th. Zacks Research lowered shares of Trilogy Metals from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd. Finally, Freedom Capital downgraded shares of Trilogy Metals from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $7.75.

Trilogy Metals Stock Down 4.2%

The stock has a market cap of $624.81 million, a P/E ratio of -12.07 and a beta of 1.46. The business has a 50-day simple moving average of $3.42 and a 200-day simple moving average of $3.85.

Trilogy Metals (NYSEAMERICAN:TMQ) last issued its quarterly earnings data on Wednesday, July 8th. The mining company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). During the same period last year, the business posted ($0.01) EPS. On average, analysts predict that Trilogy Metals Inc. will post -0.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd bought a new stake in Trilogy Metals in the 4th quarter valued at $27,000. State of Wyoming bought a new stake in Trilogy Metals in the fourth quarter valued at about $32,000. Tradition Wealth Management LLC bought a new stake in Trilogy Metals in the fourth quarter valued at about $43,000. Leonteq Securities AG acquired a new position in Trilogy Metals in the fourth quarter worth about $43,000. Finally, Fore Capital LLC acquired a new position in Trilogy Metals in the second quarter worth about $35,000. Institutional investors and hedge funds own 16.75% of the company’s stock.

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.