Talon Metals (TSE:TLO) Releases Quarterly Earnings Results

Talon Metals (TSE:TLO) released its quarterly earnings data on Thursday. The mining company reported C$0.03 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$73.20 million for the quarter. During the same quarter last year, the business posted ($0.01) earnings per share.

Talon Metals Trading Up 0.8%

TSE TLO traded up C$0.06 during trading hours on Friday, hitting C$7.25. 387,363 shares of the company’s stock were exchanged, compared to its average volume of 672,565. The firm has a market cap of C$1.17 billion, a price-to-earnings ratio of -439.23 and a beta of 2.35. The stock has a 50-day simple moving average of C$5.81 and a 200 day simple moving average of C$6.70. The company has a current ratio of 2.81, a quick ratio of 5.62 and a debt-to-equity ratio of 0.08. Talon Metals has a 1-year low of C$3.55 and a 1-year high of C$9.25.

Wall Street Analyst Weigh In

Separately, National Bank Financial set a C$8.00 price objective on Talon Metals and gave the stock an “outperform” rating in a research report on Tuesday, July 14th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Talon Metals currently has a consensus rating of “Buy” and an average price target of C$6.50.

Insider Buying and Selling at Talon Metals

In other Talon Metals news, Director Gregory Stephen Kinross sold 81,100 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of C$6.30, for a total transaction of C$510,930.00. Following the transaction, the director directly owned 40,500 shares in the company, valued at approximately C$255,150. This represents a 66.69% decrease in their position. Also, Director David Lee Deisley sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of C$6.34, for a total transaction of C$190,200.00. Following the sale, the director directly owned 30,000 shares of the company’s stock, valued at approximately C$190,200. This trade represents a 50.00% decrease in their position. Over the last three months, insiders have sold 280,342 shares of company stock valued at $1,765,524. 18.55% of the stock is currently owned by company insiders.

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.