Talon Metals (TSE:TLO) Issues Earnings Results

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

Talon Metals Trading Up 1.5%

Shares of TSE TLO opened at C$7.30 on Friday. Talon Metals has a twelve month low of C$3.55 and a twelve month high of C$9.25. The stock has a market cap of C$1.18 billion, a price-to-earnings ratio of -442.26 and a beta of 2.35. The company has a quick ratio of 5.62, a current ratio of 2.81 and a debt-to-equity ratio of 0.08. The company’s fifty day moving average is C$5.83 and its 200-day moving average is C$6.71.

Insider Activity at Talon Metals

In related news, Director David Lee Deisley sold 30,000 shares of the firm’s stock in a transaction 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 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. Also, Director John David Kaplan sold 7,809 shares of the business’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 directly owned 80,144 shares of the company’s stock, valued at approximately C$468,842.40. The trade was a 8.88% decrease in their ownership of the stock. Insiders sold a total of 280,342 shares of company stock worth $1,765,524 in the last quarter. Corporate insiders own 18.55% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.