Trilogy Metals (NYSEAMERICAN:TMQ) Stock Rating Lowered by Freedom Capital

Trilogy Metals (NYSEAMERICAN:TMQ) was downgraded by equities research analysts at Freedom Capital from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the stock. Zacks Research downgraded shares of Trilogy Metals from a “hold” rating to a “strong sell” rating in a research report on Monday. UBS Group cut shares of Trilogy Metals to a “hold” rating in a research report on Wednesday. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $7.75.

Trilogy Metals Price Performance

Shares of TMQ opened at $3.60 on Wednesday. Trilogy Metals has a 12 month low of $1.43 and a 12 month high of $11.29. The stock’s 50-day moving average is $3.52 and its two-hundred day moving average is $4.05. The stock has a market cap of $621.36 million, a PE ratio of -12.00 and a beta of 1.46.

Trilogy Metals (NYSEAMERICAN:TMQ) last announced 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 quarter last year, the firm posted ($0.01) EPS. On average, research analysts anticipate that Trilogy Metals will post -0.05 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Old West Investment Management LLC acquired a new position in shares of Trilogy Metals during the 2nd quarter valued at $21,385,000. Silverlake Wealth Management LLC acquired a new stake in shares of Trilogy Metals in the second quarter valued at $39,000. Bank of New York Mellon Corp acquired a new stake in shares of Trilogy Metals in the second quarter valued at $41,000. Bank of America Corp DE boosted its stake in Trilogy Metals by 7.7% during the first quarter. Bank of America Corp DE now owns 384,732 shares of the mining company’s stock valued at $1,381,000 after buying an additional 27,404 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in Trilogy Metals by 476.0% during the first quarter. Royal Bank of Canada now owns 25,742 shares of the mining company’s stock valued at $92,000 after buying an additional 21,273 shares in the last quarter. Institutional investors and hedge funds 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 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.