Analysts Set Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Target Price at $7.75

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) has earned an average rating of “Hold” from the nine research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $7.75.

Several equities research analysts have recently weighed in on the company. Freedom Capital cut Trilogy Metals from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Zacks Research lowered Trilogy Metals from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd. Finally, UBS Group cut Trilogy Metals to a “hold” rating in a report on Wednesday, August 5th.

Institutional Investors Weigh In On Trilogy Metals

A number of large investors have recently modified their holdings of TMQ. Caitong International Asset Management Co. Ltd bought a new position in Trilogy Metals in the fourth quarter worth about $27,000. State of Wyoming purchased a new position in shares of Trilogy Metals during the 4th quarter worth approximately $32,000. Tradition Wealth Management LLC purchased a new position in shares of Trilogy Metals during the 4th quarter worth approximately $43,000. Leonteq Securities AG bought a new position in shares of Trilogy Metals in the 4th quarter worth approximately $43,000. Finally, Fore Capital LLC bought a new position in shares of Trilogy Metals in the 2nd quarter worth approximately $35,000. Institutional investors own 16.75% of the company’s stock.

Trilogy Metals Price Performance

Shares of NYSEAMERICAN:TMQ opened at $3.35 on Friday. The company has a market capitalization of $578.21 million, a price-to-earnings ratio of -11.17 and a beta of 1.49. Trilogy Metals has a 1 year low of $1.55 and a 1 year high of $11.29. The business’s 50-day moving average is $3.41 and its 200-day moving average is $3.83.

Trilogy Metals (NYSEAMERICAN:TMQ) last announced its quarterly earnings data on Wednesday, July 8th. The mining company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.03). During the same period in the prior year, the business earned ($0.01) EPS. Analysts anticipate that Trilogy Metals will post -0.08 EPS for the current year.

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.