Talon Metals (TSE:TLO) Director Jack Oliver Lundin Acquires 100,000 Shares

Talon Metals Corp. (TSE:TLO) Director Jack Oliver Lundin purchased 100,000 shares of the firm’s stock in a transaction on Wednesday, September 16th. The shares were acquired 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 represents a ∞ increase in their ownership of the stock.

Talon Metals Trading Up 6.9%

Shares of Talon Metals stock opened at C$9.64 on Friday. The firm has a market capitalization of C$1.56 billion, a PE ratio of 2,759.02 and a beta of 2.60. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.81 and a quick ratio of 5.62. The company’s fifty day moving average price is C$7.10 and its two-hundred day moving average price is C$6.96. Talon Metals Corp. has a 52-week low of C$3.60 and a 52-week high of C$11.23.

Talon Metals (TSE:TLO) last announced its quarterly earnings data on Thursday, August 13th. The mining company reported C$0.03 earnings per share (EPS) for the quarter. The business had revenue of C$73.20 million during the quarter. During the same period last year, the company posted ($0.01) EPS. On average, analysts expect that Talon Metals Corp. will post 0.01 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial set a C$8.00 price target on shares of Talon Metals and gave the stock an “outperform” rating in a research note on Tuesday, July 14th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$8.00.

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.