The Manufacturers Life Insurance Company Makes New $946,000 Investment in Trilogy Metals Inc. $TMQ

The Manufacturers Life Insurance Company acquired a new stake in Trilogy Metals Inc. (NYSEAMERICAN:TMQ) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 271,057 shares of the mining company’s stock, valued at approximately $946,000. The Manufacturers Life Insurance Company owned 0.16% of Trilogy Metals as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TMQ. Electrum Group LLC bought a new position in shares of Trilogy Metals during the fourth quarter worth approximately $136,216,000. Old West Investment Management LLC bought a new stake in shares of Trilogy Metals in the second quarter valued at approximately $21,385,000. Tidal Investments LLC boosted 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 valued at $7,613,000 after buying an additional 899,656 shares during the period. Walleye Capital LLC grew its position in Trilogy Metals by 271.7% during the first quarter. Walleye Capital LLC now owns 945,678 shares of the mining company’s stock worth $3,395,000 after buying an additional 691,267 shares in the last quarter. Finally, Alyeska Investment Group L.P. acquired a new stake in Trilogy Metals during the third quarter worth approximately $1,050,000. Institutional investors and hedge funds own 16.75% of the company’s stock.

Trilogy Metals Trading Up 0.9%

Shares of Trilogy Metals stock opened at $3.30 on Friday. The company has a 50 day moving average of $3.41 and a 200-day moving average of $3.81. Trilogy Metals Inc. has a 1-year low of $1.78 and a 1-year high of $11.29. The company has a market cap of $569.58 million, a PE ratio of -11.00 and a beta of 1.49.

Trilogy Metals (NYSEAMERICAN:TMQ) last announced its quarterly earnings data on Wednesday, July 8th. The mining company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). During the same quarter last year, the company earned ($0.01) EPS. Research analysts forecast that Trilogy Metals Inc. will post -0.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TMQ has been the topic of a number of recent research reports. Freedom Capital lowered Trilogy Metals from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. UBS Group downgraded Trilogy Metals to a “hold” rating in a research report on Wednesday, August 5th. Finally, Zacks Research lowered Trilogy Metals from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd. 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. According to MarketBeat, Trilogy Metals presently has an average rating of “Hold” and a consensus 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.