Selz Capital LLC lowered its position in Trilogy Metals Inc (NYSEAMERICAN:TMQ) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,093,262 shares of the mining company’s stock after selling 493,747 shares during the quarter. Trilogy Metals makes up about 6.0% of Selz Capital LLC’s investment portfolio, making the stock its 3rd largest holding. Selz Capital LLC owned 0.09% of Trilogy Metals worth $34,043,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in TMQ. Paulson & CO. Inc. raised its holdings in Trilogy Metals by 23.9% in the 2nd quarter. Paulson & CO. Inc. now owns 14,326,996 shares of the mining company’s stock valued at $42,265,000 after acquiring an additional 2,760,870 shares during the period. PointState Capital LP grew its stake in shares of Trilogy Metals by 49.2% in the third quarter. PointState Capital LP now owns 5,001,579 shares of the mining company’s stock valued at $8,303,000 after acquiring an additional 1,650,000 shares in the last quarter. Millennium Management LLC increased its position in Trilogy Metals by 7,238.9% during the third quarter. Millennium Management LLC now owns 494,789 shares of the mining company’s stock worth $821,000 after acquiring an additional 488,047 shares during the period. Susquehanna International Group LLP increased its position in Trilogy Metals by 143.7% during the second quarter. Susquehanna International Group LLP now owns 66,461 shares of the mining company’s stock worth $196,000 after acquiring an additional 39,184 shares during the period. Finally, Renaissance Technologies LLC increased its position in Trilogy Metals by 19.8% during the second quarter. Renaissance Technologies LLC now owns 173,400 shares of the mining company’s stock worth $512,000 after acquiring an additional 28,700 shares during the period.
A number of analysts have issued reports on TMQ shares. Zacks Investment Research downgraded shares of Trilogy Metals from a “buy” rating to a “hold” rating in a report on Sunday, November 3rd. TD Securities cut shares of Trilogy Metals from a “speculative buy” rating to a “hold” rating in a report on Friday, January 10th. Finally, Raymond James assumed coverage on shares of Trilogy Metals in a report on Friday, October 18th. They set an “outperform” rating on the stock.
Trilogy Metals Company Profile
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 copper-zinc-lead-gold-silver project and Bornite carbonate-hosted copper project covering an area of approximately 355,400 acres located in the Ambler mining district in Northwest Alaska.
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