Trilogy Metals (NYSEAMERICAN:TMQ) Sets New 12-Month Low – What’s Next?

Trilogy Metals Inc. (NYSEAMERICAN:TMQ)’s stock price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $2.79 and last traded at $2.8150, with a volume of 109177 shares. The stock had previously closed at $2.85.

Analyst Ratings Changes

A number of research firms recently issued reports on TMQ. UBS Group downgraded shares of Trilogy Metals to a “hold” rating in a research report on Wednesday, August 5th. Freedom Capital cut shares of Trilogy Metals from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Finally, Zacks Research upgraded shares of Trilogy Metals from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $5.50.

Trilogy Metals Price Performance

The firm has a 50-day simple moving average of $3.42 and a 200 day simple moving average of $3.68. The company has a market capitalization of $512.60 million, a PE ratio of -9.78 and a beta of 1.49.

Trilogy Metals (NYSEAMERICAN:TMQ) last issued its earnings results 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 period in the prior year, the firm earned ($0.01) earnings per share. Equities research analysts expect that Trilogy Metals Inc. will post -0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Trilogy Metals

Institutional investors and hedge funds have recently bought and sold shares of the stock. Squarepoint Ops LLC lifted its position in shares of Trilogy Metals by 29.3% during the second quarter. Squarepoint Ops LLC now owns 21,151 shares of the mining company’s stock worth $74,000 after purchasing an additional 4,789 shares in the last quarter. Chicago Partners Investment Group LLC grew its holdings in Trilogy Metals by 33.8% during the 1st quarter. Chicago Partners Investment Group LLC now owns 32,123 shares of the mining company’s stock valued at $115,000 after purchasing an additional 8,123 shares in the last quarter. Fore Capital LLC acquired a new stake in Trilogy Metals during the 2nd quarter valued at $35,000. EP Wealth Advisors LLC acquired a new stake in Trilogy Metals during the 2nd quarter valued at $35,000. Finally, Bank of America Corp DE purchased a new stake in Trilogy Metals during the 2nd quarter worth $37,000. Hedge funds and other institutional investors own 16.75% of the company’s stock.

Trilogy Metals Company Profile

Trilogy Metals Inc is a mineral exploration and development company focused on advancing copper, zinc, lead, gold and silver projects in Alaska. Its principal assets are located in the Upper Kobuk River region of northwestern Alaska, an area prospective for deposits containing metals used in construction, manufacturing, energy infrastructure and technology applications.

Through Ambler Metals LLC, its joint venture with South32, Trilogy Metals holds interests in the Upper Kobuk River project, which includes the Arctic copper-zinc-lead-gold-silver deposit and the Bornite copper project.