Trilogy Metals (NYSEAMERICAN:TMQ) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Trilogy Metals (NYSEAMERICAN:TMQ) from a strong sell rating to a hold rating in a research report report published on Monday morning,Zacks reports.

TMQ has been the subject of a number of other reports. Freedom Capital downgraded Trilogy Metals from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. UBS Group lowered shares of Trilogy Metals to a “hold” rating in a research note on Wednesday, August 5th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $7.75.

Trilogy Metals Stock Performance

Shares of TMQ stock opened at $3.49 on Monday. Trilogy Metals has a one year low of $1.79 and a one year high of $11.29. The company’s 50-day simple moving average is $3.41 and its 200-day simple moving average is $3.80. The stock has a market capitalization of $602.37 million, a price-to-earnings ratio of -11.63 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 for the quarter, missing the consensus estimate of ($0.01) by ($0.03). During the same quarter in the previous year, the company earned ($0.01) earnings per share. As a group, research analysts forecast that Trilogy Metals will post -0.08 EPS for the current year.

Institutional Trading of Trilogy Metals

Several institutional investors have recently modified their holdings of TMQ. JPMorgan Chase & Co. boosted its stake in Trilogy Metals by 5,289.5% during the second quarter. JPMorgan Chase & Co. now owns 204,800 shares of the mining company’s stock valued at $276,000 after buying an additional 201,000 shares in the last quarter. XTX Topco Ltd bought a new stake in Trilogy Metals in the second quarter worth about $115,000. Jane Street Group LLC bought a new stake in Trilogy Metals in the second quarter worth about $154,000. Bank of America Corp DE lifted its holdings in Trilogy Metals by 16.5% in the 2nd quarter. Bank of America Corp DE now owns 122,095 shares of the mining company’s stock valued at $165,000 after acquiring an additional 17,291 shares during the last quarter. Finally, Two Sigma Investments LP lifted its holdings in Trilogy Metals by 52.3% in the 3rd quarter. Two Sigma Investments LP now owns 326,721 shares of the mining company’s stock valued at $686,000 after acquiring an additional 112,127 shares during the last quarter. Institutional investors and hedge funds own 16.75% of the company’s stock.

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.