Free Trial

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Stake Increased by Old West Investment Management LLC

Trilogy Metals logo with Basic Materials background

Old West Investment Management LLC raised its stake in shares of Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Free Report) by 252.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,929,140 shares of the mining company's stock after acquiring an additional 7,830,209 shares during the quarter. Trilogy Metals makes up 2.0% of Old West Investment Management LLC's portfolio, making the stock its 20th biggest position. Old West Investment Management LLC owned 6.81% of Trilogy Metals worth $5,465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Tidal Investments LLC acquired a new stake in shares of Trilogy Metals during the first quarter worth $525,000. Institutional investors and hedge funds own 16.75% of the company's stock.

Trilogy Metals Stock Performance

Shares of Trilogy Metals stock opened at $0.57 on Wednesday. Trilogy Metals Inc. has a 52 week low of $0.25 and a 52 week high of $0.71. The stock has a market capitalization of $91.55 million, a price-to-earnings ratio of -9.48 and a beta of 1.32.

Trilogy Metals (NYSEAMERICAN:TMQ - Get Free Report) last released its quarterly earnings data on Wednesday, October 9th. The mining company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). As a group, analysts predict that Trilogy Metals Inc. will post -0.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

View Our Latest Research Report on Trilogy Metals

Trilogy Metals Company Profile

(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.

Featured Articles

Want to see what other hedge funds are holding TMQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Free Report).

Institutional Ownership by Quarter for Trilogy Metals (NYSEAMERICAN:TMQ)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

→ 625,000% Gain (From Crypto Swap Profits) (Ad)

Should you invest $1,000 in Trilogy Metals right now?

Before you consider Trilogy Metals, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Trilogy Metals wasn't on the list.

While Trilogy Metals currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Own Before the 2024 Election Cover

Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

ETF Battle: SPY or VOO – Which One Should You Buy?

ETF Battle: SPY or VOO – Which One Should You Buy?

Comparing S&P 500 ETFs: SPY and VOO. Thomas and Chris break down the key differences and similarities between these two giants in the ETF world.

Related Videos

Set It and Forget It: Top ETFs for Stress-Free Investing

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines