Talon Metals Corp. (TSE:TLO - Get Free Report) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$5.93 and traded as high as C$7.78. Talon Metals shares last traded at C$7.40, with a volume of 470,812 shares changing hands.
Analysts Set New Price Targets
Separately, National Bank Financial set a C$8.00 target price 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 data from MarketBeat.com, Talon Metals has an average rating of "Buy" and an average price target of C$8.00.
Check Out Our Latest Stock Report on TLO
Talon Metals Stock Performance
The stock has a 50-day simple moving average of C$5.93 and a 200-day simple moving average of C$6.73. The company has a market capitalization of C$1.19 billion, a price-to-earnings ratio of 2,117.92 and a beta of 2.35. 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 (TSE:TLO - Get Free Report) 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 firm had revenue of C$73.20 million for the quarter. During the same quarter in the previous year, the business earned ($0.01) EPS. On average, analysts anticipate that Talon Metals Corp. will post 0.01 earnings per share for the current year.
Insiders Place Their Bets
In other Talon Metals news, Director John David Kaplan sold 7,809 shares of the company's stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of C$5.85, for a total value of C$45,682.65. Following the completion of the transaction, the director owned 80,144 shares in the company, valued at approximately C$468,842.40. This represents a 8.88% decrease in their position. Also, Director David Lee Deisley sold 30,000 shares of the business'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 value of C$190,200.00. Following the transaction, the director owned 30,000 shares of the company's stock, valued at approximately C$190,200. This represents a 50.00% decrease in their ownership of the stock. Insiders sold 52,330 shares of company stock worth $327,291 over the last quarter. 18.55% of the stock is currently owned by company insiders.
Talon Metals Company Profile
(
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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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