Talon Metals (TSE:TLO) Stock: Insider Jack Oliver Lundin Acquires 19,650 Shares

Talon Metals Corp. (TSE:TLO) Director Jack Oliver Lundin bought 19,650 shares of the company’s stock in a transaction on Monday, October 19th. The stock was purchased at an average cost of C$8.05 per share, for a total transaction of C$158,182.50. Following the completion of the transaction, the director owned 634,650 shares in the company, 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 purchased 6,550 shares of Talon Metals stock. The shares were purchased at an average cost of C$8.05 per share, with a total value of C$52,727.50.
• On Wednesday, September 16th, Jack Oliver Lundin purchased 100,000 shares of Talon Metals stock. The shares were purchased at an average price of C$9.15 per share, with a total value of C$915,000.00.

Talon Metals Stock Up 0.1%

Shares of Talon Metals stock traded up C$0.01 during trading on Monday, hitting C$8.16. 392,277 shares of the stock traded hands, compared to its average volume of 686,107. The stock has a market cap of C$1.33 billion, a P/E ratio of 2,335.43 and a beta of 2.40. The company has a fifty day moving average price of C$8.53 and a two-hundred day moving average price of C$7.18. Talon Metals Corp. has a twelve month low of C$3.65 and a twelve month high of C$11.23. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.62 and a current ratio of 2.81.

Talon Metals (TSE:TLO) last released its quarterly earnings data 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 quarter in the prior year, the company earned ($0.01) EPS. Equities research analysts predict that Talon Metals Corp. will post 0.01 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, National Bank Financial set a C$8.00 price target on shares of Talon Metals and gave the company an “outperform” rating in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat, Talon Metals has a consensus rating of “Buy” and a consensus target price of C$8.00.

About Talon Metals

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.