Trilogy Metals (NYSEAMERICAN:TMQ) Issues Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Trilogy Metals (NYSEAMERICAN:TMQ) announced its quarterly earnings data on Wednesday. The mining company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01), reports.

Trilogy Metals Price Performance

Shares of NYSEAMERICAN:TMQ traded down $0.02 during trading on Friday, hitting $0.48. 196,771 shares of the company were exchanged, compared to its average volume of 151,346. The company has a market cap of $77.00 million, a P/E ratio of -5.35 and a beta of 1.24. Trilogy Metals has a 52-week low of $0.39 and a 52-week high of $0.69.

Insider Activity

In other Trilogy Metals news, CFO Elaine Sanders sold 68,899 shares of Trilogy Metals stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $0.47, for a total transaction of $32,382.53. Following the completion of the transaction, the chief financial officer now owns 2,792,868 shares of the company’s stock, valued at approximately $1,312,647.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders sold 74,549 shares of company stock worth $34,932. 8.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Trilogy Metals

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada raised its stake in shares of Trilogy Metals by 5,006.8% during the fourth quarter. Royal Bank of Canada now owns 1,735,609 shares of the mining company’s stock worth $746,000 after acquiring an additional 1,701,623 shares in the last quarter. Old West Investment Management LLC increased its holdings in Trilogy Metals by 438.1% during the 4th quarter. Old West Investment Management LLC now owns 533,490 shares of the mining company’s stock valued at $229,000 after purchasing an additional 434,352 shares during the period. TSP Capital Management Group LLC raised its position in Trilogy Metals by 5.3% during the 3rd quarter. TSP Capital Management Group LLC now owns 5,927,500 shares of the mining company’s stock valued at $2,904,000 after purchasing an additional 300,000 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Trilogy Metals by 167.8% in the 2nd quarter. Renaissance Technologies LLC now owns 317,300 shares of the mining company’s stock worth $188,000 after buying an additional 198,800 shares during the period. Finally, Millennium Management LLC grew its position in shares of Trilogy Metals by 56.1% in the 4th quarter. Millennium Management LLC now owns 466,675 shares of the mining company’s stock worth $257,000 after buying an additional 167,693 shares during the last quarter. Hedge funds and other institutional investors own 16.75% of the company’s stock.

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.