Scotiabank Cuts Trilogy Metals (NYSEAMERICAN:TMQ) Price Target to C$1.50

Trilogy Metals (NYSEAMERICAN:TMQGet Rating) had its price objective lowered by Scotiabank from C$2.50 to C$1.50 in a research report released on Thursday morning, The Fly reports.

A number of other analysts have also recently issued reports on TMQ. TD Securities decreased their target price on Trilogy Metals from C$1.30 to C$1.15 in a research report on Thursday. Raymond James decreased their price objective on Trilogy Metals from C$3.00 to C$2.25 in a research report on Thursday, July 7th. Finally, National Bank Financial decreased their price objective on Trilogy Metals from C$2.50 to C$1.75 in a research report on Monday, June 13th.

Trilogy Metals Trading Down 1.5 %

TMQ opened at $0.61 on Thursday. The stock has a market capitalization of $88.35 million, a PE ratio of -3.79 and a beta of 1.43. Trilogy Metals has a one year low of $0.58 and a one year high of $2.36.

Trilogy Metals (NYSEAMERICAN:TMQGet Rating) last announced its earnings results on Wednesday, July 6th. The mining company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). On average, research analysts expect that Trilogy Metals will post -0.08 earnings per share for the current year.

Institutional Trading of Trilogy Metals

Hedge funds have recently modified their holdings of the business. Bank of Montreal Can acquired a new stake in shares of Trilogy Metals in the 1st quarter valued at approximately $36,000. Acadian Asset Management LLC acquired a new stake in shares of Trilogy Metals in the 1st quarter valued at approximately $35,000. Virtu Financial LLC acquired a new stake in shares of Trilogy Metals in the 1st quarter valued at approximately $29,000. TSP Capital Management Group LLC lifted its holdings in shares of Trilogy Metals by 1.0% in the 2nd quarter. TSP Capital Management Group LLC now owns 3,867,500 shares of the mining company’s stock valued at $2,926,000 after buying an additional 37,500 shares during the period. Finally, CastleKnight Management LP purchased a new position in Trilogy Metals in the 4th quarter valued at approximately $69,000. 19.80% of the stock is owned by institutional investors and hedge funds.

About Trilogy Metals

(Get Rating)

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, which contains polymetallic volcanogenic massive sulfide deposits; and Bornite that contains carbonate-hosted copper – cobalt deposits covering an area of approximately 426,690 acres located in the Ambler mining district in Northwest Alaska.

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