FY2023 Earnings Forecast for Trilogy Metals Inc. Issued By Cormark (NYSEAMERICAN:TMQ)

Posted by Defense World Staff on Sep 25th, 2023

Trilogy Metals Inc. (NYSEAMERICAN:TMQ – Free Report) – Cormark lowered their FY2023 earnings estimates for Trilogy Metals in a research note issued on Wednesday, September 20th. Cormark analyst S. Ioannou now anticipates that the mining company will post earnings per share of ($0.03) for the year, down from their prior forecast of ($0.02). The consensus estimate for Trilogy Metals’ current full-year earnings is ($0.05) per share.

Trilogy Metals (NYSEAMERICAN:TMQ – Get Free Report) last posted its quarterly earnings results on Friday, July 14th. The mining company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02).

Trilogy Metals Price Performance

NYSEAMERICAN:TMQ opened at $0.47 on Monday. Trilogy Metals has a 1 year low of $0.44 and a 1 year high of $0.85. The firm has a market capitalization of $73.11 million, a price-to-earnings ratio of -2.94 and a beta of 1.43.

Institutional Investors Weigh In On Trilogy Metals

A number of hedge funds and other institutional investors have recently bought and sold shares of TMQ. National Bank of Canada FI acquired a new stake in shares of Trilogy Metals in the 1st quarter worth approximately $25,000. Virtu Financial LLC acquired a new stake in Trilogy Metals in the first quarter valued at $27,000. Acadian Asset Management LLC acquired a new stake in Trilogy Metals in the first quarter valued at $35,000. Bank of Montreal Can purchased a new position in shares of Trilogy Metals in the first quarter valued at $36,000. Finally, Atlas Private Wealth Advisors acquired a new position in shares of Trilogy Metals during the 2nd quarter worth $36,000. Institutional investors and hedge funds own 51.07% of the company’s stock.

About Trilogy Metals

(Get Free Report)

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, 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.