Trilogy Metals Inc (AMEX: TMQ) stock fell -2.49% on Monday to $0.43 against a previous-day closing price of $0.44. With 0.83 million shares changed hands, the volume of the stock remained heavier than its average volume of 83970.0 shares. During the session, the Other Industrial Metals & Mining company that operates in wider Basic Materials sector, reached to the highest price of $0.4543 whereas the lowest price it dropped to was $0.4140. The 52-week range on TMQ shows that it touched its highest point at $0.85 and its lowest point at $0.43 during that stretch. It currently has a 1-year price target of $1.20. Beta for the stock currently stands at 1.43.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TMQ was down-trending over the past week, with a drop of -2.16%, but this was down by -8.51% over a month. Three-month performance dropped to -9.53% while six-month performance fell -25.15%. The stock lost -24.56% in the past year, while it has lost -21.82% so far this year. A look at the trailing 12-month EPS for TMQ yields -0.11 with Next year EPS estimates of -0.05. For the next quarter, that number is -0.02. This implies an EPS growth rate of 55.88% for this year and 30.00% for next year.
Float and Shares Shorts:
At present, 146.23 million TMQ shares are outstanding with a float of 97.34 million shares on hand for trading. On Oct 30, 2023, short shares totaled 75560.0, which was 0.05% higher than short shares on Sep 28, 2023. In addition to Mr. Tony Serafino Giardini C.A., CPA as the firm’s President, CEO & Director, Ms. Elaine M. Sanders (Illinois), C.A., CPA serves as its VP, CFO & Corporate Secretary.
Institutional Ownership:
With a 1.75% stake in TMQ, the Multipartner SICAV – Konwave Tran is the largest stakeholder. A total of 2,720,975 shares are owned by the mutual fund manager. The John Hancock Invt. Tr. – Diversif, which owns about 0.50% of TMQ stock, is the second-largest Mutual Fund holder. It holds 777,952 shares valued at 0.35 million. Goehring & Rozencwajg Resources F holds 0.44% of the stake in TMQ, owning 677,601 shares worth 0.31 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TMQ since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TMQ analysts setting a high price target of $1.50 and a low target of $0.73, the average target price over the next 12 months is $1.20. Based on these targets, TMQ could surge 248.84% to reach the target high and rise by 69.77% to reach the target low. Reaching the average price target will result in a growth of 179.07% from current levels.
Summary of Insider Activity:
Insiders traded TMQ stock several times over the past three months with 5 Buys and 2 Sells. In these transactions, 513,369 shares were bought while 30,000 shares were sold. The number of buy transactions has increased to 44 while that of sell transactions has risen to 6 over the past year. The total number of shares bought during that period was 14,538,635 while 106,800 shares were sold.
