Old West Investment Management LLC Has $5.47 Million Stake in Trilogy Metals Inc. (NYSEAMERICAN:TMQ)

Old West Investment Management LLC grew its holdings in Trilogy Metals Inc. (NYSEAMERICAN:TMQ) by 252.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,929,140 shares of the mining company’s stock after purchasing an additional 7,830,209 shares during the quarter. Trilogy Metals comprises 2.0% of Old West Investment Management LLC’s portfolio, making the stock its 20th biggest holding. Old West Investment Management LLC owned approximately 0.07% of Trilogy Metals worth $5,465,000 at the end of the most recent quarter.

Separately, Tidal Investments LLC bought a new position in Trilogy Metals during the first quarter valued at about $525,000. 16.75% of the stock is currently owned by institutional investors.

Trilogy Metals Price Performance

Shares of TMQ stock opened at $0.57 on Wednesday. Trilogy Metals Inc. has a one year low of $0.25 and a one year high of $0.71. The firm has a market capitalization of $91.55 million, a P/E ratio of -9.48 and a beta of 1.32.

Trilogy Metals (NYSEAMERICAN:TMQ) last released its quarterly earnings data on Wednesday, October 9th. The mining company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). As a group, sell-side analysts predict that Trilogy Metals Inc. will post -0.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, TD Securities downgraded Trilogy Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 11th.

Trilogy Metals Company Profile

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.