Trilogy Metals (TMQ) Raised to “Hold” at Zacks Investment Research

Trilogy Metals (NYSEAMERICAN:TMQ) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

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. “

Trilogy Metals stock opened at $2.11 on Wednesday. Trilogy Metals has a twelve month low of $0.69 and a twelve month high of $2.34.

Trilogy Metals (NYSEAMERICAN:TMQ) last released its quarterly earnings data on Friday, October 5th. The mining company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.06).

A number of institutional investors have recently added to or reduced their stakes in the business. Selz Capital LLC increased its stake in Trilogy Metals by 0.7% in the 3rd quarter. Selz Capital LLC now owns 10,347,458 shares of the mining company’s stock valued at $20,695,000 after buying an additional 70,046 shares during the period. Millennium Management LLC increased its stake in shares of Trilogy Metals by 164.0% during the 2nd quarter. Millennium Management LLC now owns 6,022,604 shares of the mining company’s stock worth $10,720,000 after purchasing an additional 3,741,714 shares during the last quarter. Finally, Manatuck Hill Partners LLC increased its stake in shares of Trilogy Metals by 29.5% during the 2nd quarter. Manatuck Hill Partners LLC now owns 272,998 shares of the mining company’s stock worth $486,000 after purchasing an additional 62,205 shares during the last quarter.

About Trilogy Metals

Trilogy Metals Inc, a base metals exploration company, explores for and develops mineral properties in the United States. It principally holds interests in the Upper Kobuk mineral projects that include the Arctic copper-zinc-lead-gold-silver project and Bornite carbonate-hosted copper project covering an area of approximately 355,400 acres located in the Ambler mining district in Northwest Alaska.

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