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.
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.
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.
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.