Talon Metals (TSE:TLO) Given a C$8.00 Price Target by National Bank Financial Analysts

Talon Metals (TSE:TLO) has been given a C$8.00 target price by investment analysts at National Bank Financial in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the mining company’s stock. National Bank Financial’s price target suggests a potential upside of 35.14% from the company’s current price.

Talon Metals Trading Up 11.5%

Shares of TLO stock traded up C$0.61 during trading hours on Tuesday, hitting C$5.92. 499,099 shares of the company were exchanged, compared to its average volume of 702,217. The firm has a market cap of C$953.34 million, a P/E ratio of -358.66 and a beta of 2.31. Talon Metals has a fifty-two week low of C$2.50 and a fifty-two week high of C$9.25. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.62 and a current ratio of 2.81. The company has a 50 day simple moving average of C$6.22 and a two-hundred day simple moving average of C$6.76.

Talon Metals (TSE:TLO) last announced its quarterly earnings results on Friday, May 15th. The mining company reported C$0.01 EPS for the quarter. The business had revenue of C$65.27 million for the quarter. Equities analysts anticipate that Talon Metals will post 0.01 EPS for the current year.

Insider Transactions at Talon Metals

In related news, Director Gregory Stephen Kinross sold 81,100 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director directly owned 40,500 shares in the company, valued at C$255,150. The trade was a 66.69% decrease in their ownership of the stock. Also, Director David Lee Deisley sold 30,000 shares of the 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 completion of the transaction, the director directly owned 30,000 shares in the company, valued at C$190,200. The trade was a 50.00% decrease in their position. In the last 90 days, insiders sold 280,342 shares of company stock worth $1,765,524. 18.55% of the stock is 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.