Renaissance Technologies LLC Lowers Stock Holdings in Trilogy Metals Inc. (NYSEAMERICAN:TMQ)

Renaissance Technologies LLC lowered its holdings in shares of Trilogy Metals Inc. (NYSEAMERICAN:TMQ) by 58.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 92,700 shares of the mining company’s stock after selling 130,600 shares during the quarter. Renaissance Technologies LLC’s holdings in Trilogy Metals were worth $47,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TMQ. Tidal Investments LLC purchased a new position in Trilogy Metals during the first quarter worth approximately $525,000. TSP Capital Management Group LLC boosted its position in Trilogy Metals by 5.1% during the first quarter. TSP Capital Management Group LLC now owns 5,027,500 shares of the mining company’s stock worth $2,514,000 after purchasing an additional 245,000 shares in the last quarter. Finally, Virtu Financial LLC boosted its position in Trilogy Metals by 301.1% during 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 in the last quarter. Hedge funds and other institutional investors own 16.75% of the company’s stock.

Trilogy Metals Stock Up 4.0 %

NYSEAMERICAN:TMQ opened at $0.52 on Tuesday. Trilogy Metals Inc. has a one year low of $0.25 and a one year high of $0.71. The company has a market capitalization of $83.49 million, a P/E ratio of -8.67 and a beta of 1.38.

Trilogy Metals (NYSEAMERICAN:TMQ) last posted its earnings results on Wednesday, October 9th. The mining company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). As a group, equities research analysts anticipate that Trilogy Metals Inc. will post -0.04 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, TD Securities downgraded Trilogy Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 11th.

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.