Key Points
- Director Frank David Wheatley sold 20,000 Talon Metals shares at an average price of C$8.04, generating proceeds of C$160,800.
- Talon Metals shares were down 3.1%, opening at C$7.75, while the company reported C$0.03 in quarterly EPS and C$73.2 million in revenue.
- National Bank Financial maintained an “outperform” rating with an C$8.00 price target; the stock has a consensus “Buy” rating from analysts.
Talon Metals Corp. (TSE:TLO - Get Free Report) Director Frank David Wheatley sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of C$8.04, for a total value of C$160,800.00.
Talon Metals Stock Down 3.1%
Shares of TSE:TLO opened at C$7.75 on Friday. Talon Metals Corp. has a 52-week low of C$3.65 and a 52-week high of C$11.23. The stock has a market cap of C$1.26 billion, a P/E ratio of 2,218.09 and a beta of 2.40. The business's 50 day moving average is C$8.61 and its 200 day moving average is C$7.19. 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 released its quarterly earnings data on Thursday, August 13th. The mining company reported C$0.03 EPS for the quarter. The firm had revenue of C$73.20 million for the quarter. During the same quarter in the prior year, the firm earned ($0.01) EPS. Sell-side analysts predict that Talon Metals Corp. will post 0.01 EPS for the current year.
Wall Street Analyst Weigh In
Separately, National Bank Financial set a C$8.00 price target on shares of Talon Metals and gave the company 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.com, Talon Metals currently has a consensus 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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