Old West Investment Management LLC lifted its holdings in Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Free Report) by 252.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,929,140 shares of the mining company's stock after buying an additional 7,830,209 shares during the period. Trilogy Metals comprises 2.0% of Old West Investment Management LLC's holdings, making the stock its 20th largest holding. Old West Investment Management LLC owned approximately 6.81% of Trilogy Metals worth $5,465,000 as of its most recent SEC filing.
Separately, Virtu Financial LLC grew its holdings in shares of Trilogy Metals by 301.1% in the first quarter. Virtu Financial LLC now owns 186,226 shares of the mining company's stock worth $93,000 after purchasing an additional 139,798 shares during the last quarter. Hedge funds and other institutional investors own 16.75% of the company's stock.
Analyst Ratings Changes
Separately, TD Securities cut Trilogy Metals from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 11th.
Read Our Latest Stock Report on TMQ
Trilogy Metals Stock Performance
Shares of NYSEAMERICAN:TMQ traded up $0.45 during trading on Wednesday, reaching $1.02. The stock had a trading volume of 83,073,703 shares, compared to its average volume of 614,022. Trilogy Metals Inc. has a one year low of $0.25 and a one year high of $1.29. The stock has a market capitalization of $164.12 million, a P/E ratio of -15.67 and a beta of 1.32.
Trilogy Metals (NYSEAMERICAN:TMQ - Get Free Report) last posted its quarterly earnings data on Wednesday, October 9th. The mining company reported ($0.01) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.01). On average, research analysts forecast that Trilogy Metals Inc. will post -0.04 EPS for the current year.
About Trilogy Metals
(
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 Stories
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
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
