Trilogy Metals (NYSEAMERICAN:TMQ) Stock Rating Upgraded by Freedom Capital

Trilogy Metals (NYSEAMERICAN:TMQ) was upgraded by investment analysts at Freedom Capital to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

Several other research analysts also recently 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 reaffirmed a “market perform” rating on shares of Trilogy Metals in a report on Wednesday, January 14th. TD Cowen raised Trilogy Metals from a “hold” rating to a “buy” rating in a report on Friday, February 20th. Finally, TD Securities upgraded Trilogy Metals from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $7.75.

Trilogy Metals Trading Down 7.2%

TMQ stock opened at $3.22 on Thursday. The company has a market capitalization of $555.61 million, a P/E ratio of -12.88 and a beta of 1.21. The business has a 50 day simple moving average of $4.69 and a 200-day simple moving average of $4.31. Trilogy Metals has a twelve month low of $1.13 and a twelve month high of $11.29.

Insider Buying and Selling

In other Trilogy Metals news, Director William L. Iggiagruk Hensley sold 25,107 shares of Trilogy Metals stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $4.40, for a total value of $110,470.80. Following the sale, the director owned 18,531 shares of the company’s stock, valued at approximately $81,536.40. The trade was a 57.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 15.20% of the stock is currently owned by insiders.

Institutional Trading of Trilogy Metals

Several hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd acquired a new position in Trilogy Metals during the fourth quarter worth $27,000. State of Wyoming acquired a new stake in Trilogy Metals in the fourth quarter valued at $32,000. Spire Wealth Management lifted its holdings in Trilogy Metals by 55.1% in the third quarter. Spire Wealth Management now owns 18,774 shares of the mining company’s stock valued at $39,000 after acquiring an additional 6,669 shares during the period. Leonteq Securities AG purchased a new stake in shares of Trilogy Metals during the 4th quarter worth $43,000. Finally, Tradition Wealth Management LLC purchased a new stake in shares of Trilogy Metals during the 4th quarter worth $43,000. 16.75% of the stock is owned by institutional investors and hedge funds.

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.