Talon Metals Corp. (TSE:TLO – Get Free Report) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$7.21 and traded as low as C$6.86. Talon Metals shares last traded at C$6.93, with a volume of 596,277 shares.
Wall Street Analyst Weigh In
Separately, National Bank Financial set a C$8.00 target price on Talon Metals and gave the company an “outperform” rating in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat, Talon Metals currently has an average rating of “Buy” and an average target price of C$8.00.
View Our Latest Stock Report on Talon Metals
Talon Metals Stock Down 8.1%
The firm has a market cap of C$1.13 billion, a price-to-earnings ratio of 1,983.40 and a beta of 2.15. The firm’s fifty day moving average is C$8.53 and its two-hundred day moving average is C$7.21. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.81 and a quick ratio of 5.62.
Talon Metals (TSE:TLO – Get Free Report) last announced its earnings results on Thursday, August 13th. The mining company reported C$0.03 earnings per share (EPS) for the quarter. The company had revenue of C$73.20 million during the quarter. During the same period in the previous year, the company earned ($0.01) EPS. On average, sell-side analysts expect that Talon Metals Corp. will post 0.01 EPS for the current fiscal year.
Insider Activity at Talon Metals
In related news, Director Frank David Wheatley sold 20,000 shares of the firm’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 transaction of C$160,800.00. Also, Director Jack Oliver Lundin acquired 100,000 shares of the stock in a transaction that occurred on Wednesday, September 16th. The shares were bought at an average price of C$9.15 per share, for a total transaction of C$915,000.00. Following the purchase, the director directly owned 100,000 shares of the company’s stock, valued at approximately C$915,000. This trade represents a ∞ increase in their ownership of the stock. Insiders bought 126,200 shares of company stock valued at $1,125,910 over the last quarter. Insiders own 18.55% of the company’s stock.
Talon Metals Company Profile
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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