Key Points
- Director William Iggiagruk Hensley sold 50,000 Trilogy Metals shares on May 8 at an average price of C$6.08, generating about C$304,000. After the sale, his holdings fell to 18,531 shares, a 72.96% decrease in ownership.
- Trilogy Metals stock opened at C$6.46 and the company currently has a market cap of about C$1.11 billion. Its shares have traded between a 52-week low of C$1.59 and high of C$15.21.
- Analysts currently have a Moderate Buy consensus on TMQ with an average price target of C$7.00, though recent ratings have been mixed. The company also reported a quarterly EPS of C($0.05), and analysts expect -0.07 EPS for the current fiscal year.
Trilogy Metals Inc. (TSE:TMQ - Get Free Report) Director William Iggiagruk Hensley sold 50,000 shares of the firm's stock in a transaction on Friday, May 8th. The shares were sold at an average price of C$6.08, for a total transaction of C$304,000.00. Following the completion of the transaction, the director directly owned 18,531 shares of the company's stock, valued at approximately C$112,668.48. This trade represents a 72.96% decrease in their ownership of the stock.
Trilogy Metals Price Performance
Trilogy Metals stock opened at C$6.46 on Wednesday. The company has a market cap of C$1.11 billion, a price-to-earnings ratio of -23.07 and a beta of 1.66. The firm's fifty day moving average is C$5.52 and its 200 day moving average is C$6.14. The company has a quick ratio of 5.25, a current ratio of 1.46 and a debt-to-equity ratio of 0.08. Trilogy Metals Inc. has a 52-week low of C$1.59 and a 52-week high of C$15.21.
Trilogy Metals (TSE:TMQ - Get Free Report) last released its quarterly earnings results on Thursday, April 2nd. The company reported C($0.05) earnings per share (EPS) for the quarter. Sell-side analysts forecast that Trilogy Metals Inc. will post -0.07 EPS for the current fiscal year.
Analysts Set New Price Targets
Several research firms have recently issued reports on TMQ. TD Securities lowered 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 note on Friday, February 20th. Freedom Capital raised Trilogy Metals to a "strong-buy" rating in a research note on Thursday, March 19th. Raymond James Financial raised Trilogy Metals from a "hold" rating to a "moderate buy" rating in a research note on Monday, April 6th. Finally, National Bank Financial lowered their price objective on Trilogy Metals from C$9.50 to C$7.50 and set a "sector perform" rating for the company in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$7.00.
View Our Latest Research Report on TMQ
Trilogy Metals Company Profile
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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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