Trilogy Metals (NYSEAMERICAN:TMQ) Downgraded by TD Securities to “Hold”

TD Securities lowered shares of Trilogy Metals (NYSEAMERICAN:TMQ) from a strong-buy rating to a hold rating in a report issued on Thursday morning, Zacks.com reports.

Trilogy Metals Price Performance

Trilogy Metals stock opened at $0.55 on Thursday. Trilogy Metals has a one year low of $0.25 and a one year high of $0.61. The firm has a market capitalization of $88.75 million, a PE ratio of -6.91 and a beta of 1.42.

Insider Activity at Trilogy Metals

In related news, CFO Elaine Sanders sold 152,259 shares of Trilogy Metals stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $0.50, for a total transaction of $76,129.50. Following the completion of the sale, the chief financial officer now owns 2,650,848 shares of the company’s stock, valued at $1,325,424. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 8.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Trilogy Metals

Several large investors have recently added to or reduced their stakes in the business. Tidal Investments LLC purchased a new position in shares of Trilogy Metals in the first quarter worth about $525,000. Old West Investment Management LLC increased its holdings in shares of Trilogy Metals by 438.1% in the fourth quarter. Old West Investment Management LLC now owns 533,490 shares of the mining company’s stock worth $229,000 after buying an additional 434,352 shares during the period. TSP Capital Management Group LLC increased its holdings in Trilogy Metals by 5.1% during the 1st quarter. TSP Capital Management Group LLC now owns 5,027,500 shares of the mining company’s stock valued at $2,514,000 after purchasing an additional 245,000 shares during the period. Virtu Financial LLC increased its holdings in Trilogy Metals by 301.1% during the 1st quarter. Virtu Financial LLC now owns 186,226 shares of the mining company’s stock valued at $93,000 after purchasing an additional 139,798 shares during the period. Finally, Goehring & Rozencwajg Associates LLC increased its holdings in Trilogy Metals by 3.0% during the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 1,647,016 shares of the mining company’s stock valued at $721,000 after purchasing an additional 47,310 shares during the period. Institutional investors own 16.75% of the company’s stock.

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.