Trilogy Metals (NYSEAMERICAN:TMQ) Stock Price Up 12%

Trilogy Metals' stock rose 12% on Monday, trading at $3.9430. Analysts have mixed ratings, with some upgrading to 'buy' and others maintaining 'hold'. Insider transactions include significant share sales by directors Diana J. Walters and William Beckwith Hayden. Institutional investors have modified their holdings, with notable increases by Old West Investment Management LLC. Trilogy Metals explores base metals in the US, focusing on copper, cobalt, and other minerals in Alaska's Ambler mining district.

Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Get Free Report) shares rose 12% during mid-day trading on Monday . The company traded as high as $3.98 and last traded at $3.9430. Approximately 2,321,841 shares traded hands during trading, a decline of 43% from the average daily volume of 4,080,610 shares. The stock had previously closed at $3.52.

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A number of research firms recently commented on TMQ. Cormark downgraded Trilogy Metals from a "moderate buy" rating to a "hold" rating in a report on Wednesday, October 8th. TD Securities reissued a "hold" rating on shares of Trilogy Metals in a research report on Tuesday, October 7th. Cowen restated a "hold" rating on shares of Trilogy Metals in a report on Tuesday, October 7th. Raymond James Financial raised shares of Trilogy Metals from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, October 7th. Finally, Cantor Fitzgerald raised shares of Trilogy Metals to a "buy" rating and set a $10.00 price objective for the company in a report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $7.75.

Read Our Latest Report on Trilogy Metals

Trilogy Metals Price Performance

The stock has a market capitalization of $671.35 million, a P/E ratio of -79.60 and a beta of 1.18. The company's 50-day simple moving average is $3.99 and its 200-day simple moving average is $2.40.

Insider Transactions at Trilogy Metals

In other Trilogy Metals news, Director Diana J. Walters sold 100,000 shares of the stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $7.03, for a total value of $703,000.00. Following the completion of the transaction, the director directly owned 51,302 shares in the company, valued at approximately $360,653.06. This trade represents a 66.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William Beckwith Hayden sold 200,000 shares of the firm's stock in a transaction on Thursday, October 9th. The stock was sold at an average price of $6.61, for a total value of $1,322,000.00. Following the transaction, the director directly owned 382,685 shares of the company's stock, valued at approximately $2,529,547.85. This represents a 34.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 1,064,506 shares of company stock valued at $7,275,194. 15.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TMQ. Envestnet Asset Management Inc. bought a new position in Trilogy Metals during the 1st quarter valued at approximately $396,000. DLD Asset Management LP bought a new position in shares of Trilogy Metals during the first quarter valued at $388,000. Old West Investment Management LLC increased its position in shares of Trilogy Metals by 61.1% during the 1st quarter. Old West Investment Management LLC now owns 12,611,879 shares of the mining company's stock valued at $19,611,000 after purchasing an additional 4,781,670 shares during the last quarter. Virtu Financial LLC bought a new stake in Trilogy Metals during the 1st quarter worth approximately $83,000. Finally, Legacy Capital Group California Inc. bought a new stake in Trilogy Metals in the 1st quarter valued at $232,000. 16.75% of the stock is owned by institutional investors.

About Trilogy Metals

(Get Free Report)

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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Trilogy Metals (NYSEAMERICAN:TMQ) Stock Price Up 12% - Here's What Happened