Trilogy Metals (NYSEAMERICAN:TMQ) Posts Earnings Results, Misses Expectations By $0.02 EPS

Trilogy Metals (NYSEAMERICAN:TMQ) announced its earnings results on Tuesday. The mining company reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.02), MarketWatch Earnings reports.

Shares of NYSEAMERICAN:TMQ opened at $1.77 on Thursday. The stock has a market capitalization of $255.68 million, a PE ratio of -22.13 and a beta of 1.50. Trilogy Metals has a 1 year low of $1.43 and a 1 year high of $3.06.

Separately, Zacks Investment Research upgraded Trilogy Metals from a “sell” rating to a “hold” rating in a research note on Tuesday, September 21st.

A hedge fund recently raised its stake in Trilogy Metals stock. Morgan Stanley grew its holdings in Trilogy Metals Inc. (NYSEAMERICAN:TMQ) by 65.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,406 shares of the mining company’s stock after purchasing an additional 23,033 shares during the quarter. Morgan Stanley’s holdings in Trilogy Metals were worth $125,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 24.08% of the company’s stock.

Trilogy Metals Company Profile

Trilogy Metals, Inc engages in the development and exploration of mineral properties. The firm holds interests in the Upper Kobuk mineral projects that include the Arctic, a copper-zinc-lead-gold-silver and Bornite, a carbonate-hosted copper projects, which is located in the Ambler mining district in Northwest Alaska.

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Earnings History for Trilogy Metals (NYSEAMERICAN:TMQ)

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