Old West Investment Management LLC Raises Stake in Trilogy Metals Inc. (NYSEAMERICAN:TMQ)

Old West Investment Management LLC lifted its holdings in Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Free Report) by 54.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,098,931 shares of the mining company's stock after purchasing an additional 1,094,842 shares during the period. Old West Investment Management LLC owned approximately 1.93% of Trilogy Metals worth $1,549,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Virtu Financial LLC grew its position in shares of Trilogy Metals by 301.1% in the 1st quarter. Virtu Financial LLC now owns 186,226 shares of the mining company's stock valued at $93,000 after buying an additional 139,798 shares during the last quarter. Tidal Investments LLC acquired a new position in Trilogy Metals in the first quarter valued at $525,000. Goehring & Rozencwajg Associates LLC raised its holdings in shares of Trilogy Metals by 3.0% in the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 1,647,016 shares of the mining company's stock valued at $721,000 after buying an additional 47,310 shares during the last quarter. Finally, TSP Capital Management Group LLC boosted its stake in shares of Trilogy Metals by 5.1% during the first quarter. TSP Capital Management Group LLC now owns 5,027,500 shares of the mining company's stock worth $2,514,000 after buying an additional 245,000 shares during the period. Institutional investors and hedge funds own 16.75% of the company's stock.

Trilogy Metals Price Performance

Shares of NYSEAMERICAN TMQ traded down $0.00 during mid-day trading on Tuesday, hitting $0.51. 42,116 shares of the company were exchanged, compared to its average volume of 242,064. The company has a market cap of $81.25 million, a PE ratio of -6.33 and a beta of 1.38. Trilogy Metals Inc. has a 1-year low of $0.25 and a 1-year high of $0.71.

Trilogy Metals (NYSEAMERICAN:TMQ - Get Free Report) last issued its earnings results on Friday, July 12th. The mining company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). Analysts anticipate that Trilogy Metals Inc. will post -0.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, TD Securities cut Trilogy Metals from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 11th.

Trilogy Metals Company Profile

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.