Insider Selling: Trilogy Metals (NYSEAMERICAN:TMQ) Director Sells 50,000 Shares of Stock

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Director William Iggiagruk Hensley sold 50,000 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $4.44, for a total value of $222,000.00. Following the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Trilogy Metals Trading Down 1.0%

Shares of TMQ traded down $0.05 during midday trading on Tuesday, hitting $4.73. 2,871,470 shares of the company’s stock traded hands, compared to its average volume of 4,135,442. Trilogy Metals Inc. has a 1 year low of $1.13 and a 1 year high of $11.29. The firm’s fifty day moving average is $4.01 and its 200-day moving average is $4.45. The stock has a market capitalization of $816.16 million, a price-to-earnings ratio of -17.52 and a beta of 1.38.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd purchased a new position in Trilogy Metals in the 4th quarter valued at about $27,000. State of Wyoming purchased a new position in Trilogy Metals in the 4th quarter valued at about $32,000. Spire Wealth Management lifted its stake in Trilogy Metals by 55.1% in the 3rd quarter. Spire Wealth Management now owns 18,774 shares of the mining company’s stock valued at $39,000 after buying an additional 6,669 shares in the last quarter. Leonteq Securities AG purchased a new position in Trilogy Metals in the 4th quarter valued at about $43,000. Finally, Tradition Wealth Management LLC purchased a new position in Trilogy Metals in the 4th quarter worth approximately $43,000. 16.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TMQ shares. Freedom Capital upgraded Trilogy Metals to a “strong-buy” rating in a report on Thursday, March 19th. TD Securities upgraded Trilogy Metals from a “hold” rating to a “buy” rating in a report on Friday, February 20th. Raymond James Financial raised Trilogy Metals from a “market perform” rating to an “outperform” rating in a research report on Monday, April 6th. Finally, TD Cowen raised Trilogy Metals from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target 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.