Key Points
- Director William Iggiagruk Hensley sold 50,000 shares of Trilogy Metals on May 8 at an average price of $4.44, totaling about $222,000. After the sale, he held 18,531 shares, a 72.96% reduction in his position.
- TMQ shares were down 1.0% and opened at $4.73, trading near its 50-day moving average of $4.02 and 200-day moving average of $4.45. The stock has ranged from a 12-month low of $1.13 to a high of $11.29.
- Analysts currently rate Trilogy Metals a Buy on average, with a consensus price target of $7.75. Recent rating upgrades came from TD Securities, Raymond James, Freedom Capital, and TD Cowen.
Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Get Free Report) Director William Iggiagruk Hensley sold 50,000 shares of the company's stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $4.44, for a total transaction of $222,000.00. Following the transaction, the director owned 18,531 shares in the company, valued at approximately $82,277.64. This trade represents a 72.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Trilogy Metals Stock Down 1.0%
Shares of NYSEAMERICAN TMQ opened at $4.73 on Wednesday. The firm's 50-day simple moving average is $4.02 and its 200 day simple moving average is $4.45. The company has a market cap of $816.16 million, a price-to-earnings ratio of -17.52 and a beta of 1.38. Trilogy Metals Inc. has a 12-month low of $1.13 and a 12-month high of $11.29.
Analysts Set New Price Targets
Several research analysts recently issued reports on TMQ shares. TD Securities upgraded shares of Trilogy Metals from a "hold" rating to a "buy" rating in a research report on Friday, February 20th. Raymond James Financial upgraded shares of Trilogy Metals from a "market perform" rating to an "outperform" rating in a research report on Monday, April 6th. Freedom Capital upgraded shares of Trilogy Metals to a "strong-buy" rating in a research report on Thursday, March 19th. Finally, TD Cowen upgraded shares of 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 issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $7.75.
Read Our Latest Stock Analysis on TMQ
Institutional Trading of Trilogy Metals
A number of hedge funds have recently modified their holdings of TMQ. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Trilogy Metals in the 4th quarter valued at approximately $27,000. State of Wyoming bought a new position in shares of Trilogy Metals during the 4th quarter worth approximately $32,000. Spire Wealth Management grew its stake in shares of Trilogy Metals by 55.1% during the 3rd quarter. Spire Wealth Management now owns 18,774 shares of the mining company's stock worth $39,000 after acquiring an additional 6,669 shares in the last quarter. Leonteq Securities AG acquired a new stake in shares of Trilogy Metals in the 4th quarter valued at approximately $43,000. Finally, Tradition Wealth Management LLC acquired a new stake in shares of Trilogy Metals in the 4th quarter valued at approximately $43,000. 16.75% of the stock is currently owned by institutional investors and hedge funds.
Trilogy Metals Company Profile
(
Get Free Report)
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.
Further Reading
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