Trilogy Metals (NYSEAMERICAN:TMQ) Price Target Lowered to C$1.15 at TD Securities

Trilogy Metals (NYSEAMERICAN:TMQGet Rating) had its target price trimmed by TD Securities from C$1.30 to C$1.15 in a research note released on Thursday morning, The Fly reports.

TMQ has been the subject of several other reports. National Bank Financial reduced their target price on shares of Trilogy Metals from C$2.50 to C$1.75 in a report on Monday, June 13th. Raymond James reduced their target price on shares of Trilogy Metals from C$3.00 to C$2.25 in a report on Thursday, July 7th.

Trilogy Metals Stock Down 1.5 %

NYSEAMERICAN TMQ opened at $0.61 on Thursday. Trilogy Metals has a 52 week low of $0.58 and a 52 week high of $2.36. The stock has a market cap of $88.35 million, a PE ratio of -3.79 and a beta of 1.43.

Trilogy Metals (NYSEAMERICAN:TMQGet Rating) last released its quarterly earnings results on Wednesday, July 6th. The mining company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.02). Sell-side analysts forecast that Trilogy Metals will post -0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. TSP Capital Management Group LLC boosted its position in shares of Trilogy Metals by 1.0% during 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 acquiring an additional 37,500 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Trilogy Metals during the 1st quarter valued at approximately $29,000. Acadian Asset Management LLC bought a new position in shares of Trilogy Metals during the 1st quarter valued at approximately $35,000. Bank of Montreal Can bought a new position in shares of Trilogy Metals during the 1st quarter valued at approximately $36,000. Finally, CastleKnight Management LP bought a new position in shares of Trilogy Metals during the 4th quarter valued at approximately $69,000. 19.80% of the stock is currently owned by institutional investors.

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.

Read More

The Fly logo

Receive News & Ratings for Trilogy Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trilogy Metals and related companies with MarketBeat.com's FREE daily email newsletter.