Insider Buying: Talon Metals (TSE:TLO) Director Buys C$158,182.50 in Stock

Key Points

• Director Jack Oliver Lundin bought 19,650 Talon Metals shares at C$8.05 each, investing C$158,182.50 and increasing his ownership by 3.20% to 634,650 shares.
• Lundin has made additional recent purchases, including 6,550 shares on October 19 and 100,000 shares in September, signaling continued insider buying.
• Talon Metals shares traded around C$8.16, while analysts maintained a consensus “Buy” rating with an average price target of C$8.00.

Talon Metals Corp. (TSE:TLO - Get Free Report) Director Jack Oliver Lundin bought 19,650 shares of the business's stock in a transaction that occurred on Monday, October 19th. The shares were acquired at an average cost of C$8.05 per share, with a total value of C$158,182.50. Following the completion of the purchase, the director owned 634,650 shares of the company's stock, valued at approximately C$5,108,932.50. The trade was a 3.20% increase in their ownership of the stock.

Jack Oliver Lundin also recently made the following trade(s):

• On Monday, October 19th, Jack Oliver Lundin acquired 6,550 shares of Talon Metals stock. The shares were bought at an average price of C$8.05 per share, for a total transaction of C$52,727.50.
• On Wednesday, September 16th, Jack Oliver Lundin acquired 100,000 shares of Talon Metals stock. The shares were bought at an average price of C$9.15 per share, for a total transaction of C$915,000.00.

Talon Metals Trading Up 0.1%

TLO stock traded up C$0.01 during mid-day trading on Monday, reaching C$8.16. 392,277 shares of the stock traded hands, compared to its average volume of 686,107. 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 Corp. has a 52-week low of C$3.65 and a 52-week high of C$11.23. The company has a market cap of C$1.33 billion, a P/E ratio of 2,335.43 and a beta of 2.40. The stock's fifty day moving average is C$8.53 and its 200-day moving average is C$7.18.

Talon Metals (TSE:TLO - Get Free Report) last announced its earnings results on Thursday, August 13th. The mining company reported C$0.03 EPS for the quarter. The firm had revenue of C$73.20 million during the quarter. During the same period last year, the firm posted ($0.01) EPS. As a group, sell-side analysts expect that Talon Metals Corp. will post 0.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial set a C$8.00 price objective on shares of Talon Metals and gave the stock an "outperform" rating in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Buy rating. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target 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.

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