Sprott Inc. increased its stake in Trilogy Metals Inc (NYSEAMERICAN:TMQ) by 62.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 226,311 shares of the mining company’s stock after purchasing an additional 86,970 shares during the quarter. Sprott Inc. owned 0.17% of Trilogy Metals worth $668,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in TMQ. Bank of Montreal Can increased its holdings in shares of Trilogy Metals by 1,045.3% in the 1st quarter. Bank of Montreal Can now owns 13,148 shares of the mining company’s stock valued at $33,000 after purchasing an additional 12,000 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Trilogy Metals by 19.8% during the 2nd quarter. Renaissance Technologies LLC now owns 173,400 shares of the mining company’s stock valued at $512,000 after acquiring an additional 28,700 shares in the last quarter. DW Partners LP purchased a new position in Trilogy Metals during the 1st quarter valued at about $2,485,000. Selz Capital LLC increased its holdings in Trilogy Metals by 13.6% during the 2nd quarter. Selz Capital LLC now owns 11,571,421 shares of the mining company’s stock valued at $34,136,000 after acquiring an additional 1,389,675 shares in the last quarter. Finally, Baupost Group LLC MA increased its holdings in Trilogy Metals by 4.5% during the 2nd quarter. Baupost Group LLC MA now owns 13,641,368 shares of the mining company’s stock valued at $39,766,000 after acquiring an additional 590,610 shares in the last quarter.
Separately, Zacks Investment Research upgraded shares of Trilogy Metals from a “hold” rating to a “strong-buy” rating and set a $2.25 target price for the company in a report on Friday, August 30th.
Trilogy Metals (NYSEAMERICAN:TMQ) last posted its earnings results on Tuesday, July 9th. The mining company reported ($0.04) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.02.
Trilogy Metals Profile
Trilogy Metals Inc, a base metals exploration company, explores for and develops mineral properties in the United States. It principally holds interests in the Upper Kobuk mineral projects that include the Arctic copper-zinc-lead-gold-silver project and Bornite carbonate-hosted copper project covering an area of approximately 355,400 acres located in the Ambler mining district in Northwest Alaska.
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