Gold prices bounce off 3-week lows; demand likely longer term
A group including Bryan Sheffield, a ten percent owner of Tamboran Resources Corp (EXCHANGE:TBN), acquired 563,697 shares of common stock on July 22, 2025, at a price of $17.74 per share. The total value of the purchase was $9,999,984. The purchase price represents a slight discount to the current trading price of $19.50, though InvestingPro analysis indicates the stock is trading near its Fair Value. With a market capitalization of $340 million, the company faces some headwinds, showing negative EBITDA of -$29.8 million in the last twelve months.
The shares were issued to Daly Waters Energy, LP in satisfaction of a private placement pursuant to a subscription agreement dated May 12, 2025. Following the transaction, the reporting owners, including Sheffield Holdings, LP and Daly Waters Energy, LP, now own a total of 3,123,601 shares. According to InvestingPro data, analysts maintain a bullish outlook with price targets ranging from $29 to $53, despite the company’s current weak financial health score. For deeper insights into Tamboran’s financial position and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Tamboran Resources Corp announced the approval of all proposals related to its May 2025 private investment in public equity (PIPE) financing during a special shareholder meeting. The meeting saw 8,942,826 votes in favor of the issuance of common stock, with 916,117 against and 88,501 abstentions. Additionally, RBC Capital has adjusted its price target for Tamboran Resources, lowering it from $31 to $30 while maintaining a Sector Perform rating. The firm anticipates limited market reaction to the company’s upcoming fiscal fourth-quarter 2025 earnings report, expected in September, and suggests that investors may focus on other near-term catalysts. In its recent Q1 2025 earnings call, Tamboran Resources highlighted strategic drilling initiatives and operational updates. The company reported a cash balance of $25.6 million, supported by a $70 million capital raise, which will help fund future drilling projects. Despite a slight decline in stock price post-market, the company remains committed to cost reduction and operational efficiency.
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