Zacks Investment Research lowered shares of Trilogy Metals (NYSEAMERICAN:TMQ) from a hold rating to a sell rating in a research report sent to investors on Thursday, January 11th.
According to Zacks, “Trilogy Metals Inc. is a metal exploration company. It primarily explores for copper, zinc, lead, gold, silver and carbonate. The company’s project primarily consists of Ambler mining district located in northwestern Alaska. Trilogy Metals Inc., formerly known as NovaCopper Inc., is headquartered in Vancouver, Canada. “
Separately, Fundamental Research assumed coverage on Trilogy Metals in a research report on Friday, September 29th. They set a top pick rating and a $1.73 price objective on the stock.
Trilogy Metals (TMQ) traded up $0.05 during trading hours on Thursday, reaching $1.29. The company’s stock had a trading volume of 199,755 shares, compared to its average volume of 359,923. The firm has a market cap of $132.11, a P/E ratio of 8.60 and a beta of 0.36. Trilogy Metals has a 52-week low of $0.45 and a 52-week high of $1.64.
In other news, major shareholder Paulson & Co. Inc. acquired 47,200 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was purchased at an average price of $1.28 per share, for a total transaction of $60,416.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Nieuwenhuyse Rick Van acquired 1,159,096 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were purchased at an average price of $0.83 per share, with a total value of $962,049.68. The disclosure for this purchase can be found here.
An institutional investor recently bought a new position in Trilogy Metals stock. GMT Capital Corp acquired a new position in Trilogy Metals Inc (NYSEAMERICAN:TMQ) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 664,006 shares of the mining company’s stock, valued at approximately $628,000. GMT Capital Corp owned about 0.63% of Trilogy Metals at the end of the most recent quarter.
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Trilogy Metals Company Profile
Trilogy Metals Inc, formerly NovaCopper Inc, is a Canada-based base metals exploration company. The Company focuses on exploring and developing its mineral holdings in the Ambler mining district located in Alaska, the United States. The Company’s principal assets, the Upper Kobuk Mineral Projects (UKMP or UKMP Projects), are located in the Ambler mining district in Northwest Alaska.
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