Millennium Management LLC reduced its holdings in shares of Trilogy Metals Inc. (NYSEAMERICAN:TMQ – Free Report) by 70.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,529 shares of the mining company’s stock after selling 300,456 shares during the period. Millennium Management LLC’s holdings in Trilogy Metals were worth $147,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Pinnbrook Capital Management LP bought a new position in shares of Trilogy Metals in the fourth quarter worth approximately $615,000. Sprott Inc. boosted its holdings in shares of Trilogy Metals by 64.9% during the 4th quarter. Sprott Inc. now owns 2,094,652 shares of the mining company’s stock valued at $2,430,000 after acquiring an additional 824,071 shares during the last quarter. Bornite Capital Management LP bought a new stake in shares of Trilogy Metals in the fourth quarter worth approximately $812,000. XTX Topco Ltd lifted its position in Trilogy Metals by 235.5% during the fourth quarter. XTX Topco Ltd now owns 47,920 shares of the mining company’s stock valued at $56,000 after purchasing an additional 33,636 shares during the period. Finally, Foursixthree Capital LP bought a new stake in Trilogy Metals in the 4th quarter worth approximately $2,954,000. Institutional investors own 16.75% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, Raymond James reaffirmed a “market perform” rating on shares of Trilogy Metals in a report on Monday, March 24th.
Trilogy Metals Price Performance
Shares of TMQ stock opened at $1.28 on Friday. The company has a market cap of $209.84 million, a price-to-earnings ratio of -25.60 and a beta of 1.54. The firm has a fifty day moving average price of $1.40 and a 200-day moving average price of $1.21. Trilogy Metals Inc. has a 1 year low of $0.42 and a 1 year high of $2.09.
About Trilogy Metals
Trilogy Metals Inc, a base metals exploration company, engages in the exploration and development of mineral properties in the United States. The company explores for copper, cobalt, lead, zinc, gold, and silver properties. 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 448,217 acres located in the Ambler mining district in Northwest Alaska.
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