Trilogy Metals (NYSEAMERICAN:TMQ) Director Sells $222,000.00 in Stock

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Director William Iggiagruk Hensley sold 50,000 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $4.44, for a total value of $222,000.00. Following the completion of the transaction, the director directly owned 18,531 shares of the company’s stock, valued at approximately $82,277.64. The trade was a 72.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Trilogy Metals Trading Down 4.5%

NYSEAMERICAN:TMQ opened at $4.44 on Friday. Trilogy Metals Inc. has a 1 year low of $1.13 and a 1 year high of $11.29. The stock has a market cap of $766.12 million, a price-to-earnings ratio of -16.44 and a beta of 1.38. The stock has a 50-day moving average price of $4.03 and a two-hundred day moving average price of $4.43.

Analyst Ratings Changes

A number of research firms have issued reports on TMQ. Raymond James Financial raised Trilogy Metals from a “market perform” rating to an “outperform” rating in a research note on Monday, April 6th. TD Securities raised Trilogy Metals from a “hold” rating to a “buy” rating in a research note on Friday, February 20th. TD Cowen raised Trilogy Metals from a “hold” rating to a “buy” rating in a research note on Friday, February 20th. Finally, Freedom Capital raised Trilogy Metals to a “strong-buy” rating in a research note on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $7.75.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its position in shares of Trilogy Metals by 80.3% during the third quarter. Envestnet Asset Management Inc. now owns 1,013,517 shares of the mining company’s stock worth $2,128,000 after buying an additional 451,437 shares during the period. Old West Investment Management LLC boosted its position in shares of Trilogy Metals by 9.7% during the third quarter. Old West Investment Management LLC now owns 12,165,552 shares of the mining company’s stock worth $25,548,000 after buying an additional 1,071,126 shares during the period. Compass Wealth Management LLC acquired a new position in shares of Trilogy Metals during the third quarter worth about $63,000. Spire Wealth Management boosted its position in shares of Trilogy Metals by 55.1% during the third quarter. Spire Wealth Management now owns 18,774 shares of the mining company’s stock worth $39,000 after buying an additional 6,669 shares during the period. Finally, TSP Capital Management Group LLC boosted its position in shares of Trilogy Metals by 0.3% during the first quarter. TSP Capital Management Group LLC now owns 6,754,500 shares of the mining company’s stock worth $24,249,000 after buying an additional 23,500 shares during the period. 16.75% of the stock is owned by institutional investors and hedge funds.

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.