Key Points
- Director Jack Oliver Lundin purchased 100,000 Talon Metals shares at an average price of C$9.15, representing a C$915,000 investment and a new position.
- Talon Metals shares were trading at C$9.64, up 6.9%, with a market capitalization of approximately C$1.56 billion and a 12-month range of C$3.60 to C$11.23.
- The company reported quarterly earnings of C$0.03 per share on C$73.2 million in revenue. The stock holds an average analyst rating of “Buy”, although the average price target is C$8.00.
Talon Metals Corp. (TSE:TLO - Get Free Report) Director Jack Oliver Lundin bought 100,000 shares of the stock in a transaction dated Wednesday, September 16th. The stock was purchased at an average cost of C$9.15 per share, for a total transaction of C$915,000.00. Following the acquisition, the director owned 100,000 shares in the company, valued at C$915,000. The trade was a ∞ increase in their position.
Talon Metals Trading Up 6.9%
Shares of TLO stock opened at C$9.64 on Friday. Talon Metals Corp. has a 12-month low of C$3.60 and a 12-month high of C$11.23. The company has a market capitalization of C$1.56 billion, a P/E ratio of 2,759.02 and a beta of 2.60. The firm has a 50-day moving average price of C$7.10 and a 200 day moving average price of C$6.96. The company has a quick ratio of 5.62, a current ratio of 2.81 and a debt-to-equity ratio of 0.08.
Talon Metals (TSE:TLO - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The mining company reported C$0.03 earnings per share for the quarter. The firm had revenue of C$73.20 million for the quarter. During the same quarter last year, the company earned ($0.01) earnings per share. Research analysts forecast that Talon Metals Corp. will post 0.01 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, National Bank Financial set a C$8.00 price target on Talon Metals and gave the stock an "outperform" rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Talon Metals currently has an average rating of "Buy" and an average price target of C$8.00.
Read Our Latest Research Report on TLO
About Talon Metals
(
Get Free Report)
Talon Metals Corp., a mineral exploration company, explores for and develops mineral properties in the United States. It owns an 18.45% interest is the Tamarack nickel-copper-PGE project located in Minnesota, the United States; and a 100% interest in the Trairão iron project located in Brazil. The company is headquartered in Road Town, the British Virgin Islands.
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