Key Points
- Insider Olav Langelaar bought 6,000 Trilogy Metals shares on March 19 at C$4.64 (C$27,840), bringing his direct holdings to 17,000 shares — a 54.55% increase; he also purchased 5,000 shares on Feb 18 at C$5.24.
- TMQ stock traded down 3.8% to C$4.60 on light volume, and analysts remain mixed with an average "Hold" rating and a C$6.38 target while some firms raised targets (National Bank to C$9.50) and TD cut its rating to "Hold."
Trilogy Metals Inc. (TSE:TMQ - Get Free Report) insider Olav Langelaar acquired 6,000 shares of the company's stock in a transaction on Thursday, March 19th. The shares were purchased at an average cost of C$4.64 per share, with a total value of C$27,840.00. Following the completion of the purchase, the insider directly owned 17,000 shares of the company's stock, valued at C$78,880. This trade represents a 54.55% increase in their ownership of the stock.
Olav Langelaar also recently made the following trade(s):
- On Wednesday, February 18th, Olav Langelaar bought 5,000 shares of Trilogy Metals stock. The stock was purchased at an average price of C$5.24 per share, with a total value of C$26,200.00.
Trilogy Metals Trading Down 3.8%
Shares of TMQ stock traded down C$0.18 during trading hours on Friday, reaching C$4.60. 38,595 shares of the stock were exchanged, compared to its average volume of 618,181. Trilogy Metals Inc. has a 12-month low of C$1.59 and a 12-month high of C$15.21. The company has a current ratio of 1.57, a quick ratio of 5.25 and a debt-to-equity ratio of 0.15. The company's 50-day moving average price is C$6.47 and its 200-day moving average price is C$5.95. The firm has a market capitalization of C$793.71 million, a price-to-earnings ratio of -17.69 and a beta of 1.44.
Trilogy Metals (TSE:TMQ - Get Free Report) last issued its quarterly earnings results on Tuesday, February 17th. The company reported C($0.29) EPS for the quarter. As a group, equities analysts anticipate that Trilogy Metals Inc. will post -0.07 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several equities analysts have commented on TMQ shares. National Bank Financial upped their price objective on Trilogy Metals from C$7.00 to C$9.50 in a research report on Thursday, January 29th. Cormark raised shares of Trilogy Metals from a "hold" rating to a "moderate buy" rating in a research note on Thursday, December 18th. Finally, TD Securities cut shares of Trilogy Metals from a "buy" rating to a "hold" rating and lowered their price objective for the company from C$8.50 to C$8.00 in a research report on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of C$6.38.
View Our Latest Stock Analysis on TMQ
Trilogy Metals Company Profile
(
Get Free Report)
Trilogy Metals Inc is a metal exploration and development company which holds a 50 percent interest in Ambler Metals LLC, which has a 100 percent interest in the UKMP in northwestern Alaska. On December 19, 2019, South32 Limited, a globally diversified mining and metals company, exercised its option to form a 50/50 joint venture with Trilogy. The UKMP is located within the Ambler Mining District which is one of the richest and most-prospective known copper-dominant districts in the world. It hosts world-class polymetallic volcanogenic massive sulphide ("VMS") deposits that contain copper, zinc, lead, gold and silver, and carbonate replacement deposits which have been found to host high-grade copper and cobalt mineralization.
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