Talon Metals (TSE:TLO) Price Target Cut to C$0.30 by Analysts at TD Securities

Talon Metals (TSE:TLO) had its price target decreased by TD Securities from C$0.55 to C$0.30 in a research note published on Monday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the mining company’s stock.

Separately, Canaccord Genuity Group raised Talon Metals to a “moderate buy” rating in a report on Wednesday, October 16th.

Talon Metals Price Performance

Shares of TSE:TLO opened at C$0.09 on Monday. 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$0.09 and a 200-day simple moving average of C$0.12. Talon Metals has a one year low of C$0.08 and a one year high of C$0.23. The stock has a market capitalization of C$84.12 million, a price-to-earnings ratio of -55.00 and a beta of 1.13.

Insiders Place Their Bets

In other Talon Metals news, insider Resource Capital Fund VI L.P. sold 350,000 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of C$0.09, for a total transaction of C$29,750.00. Over the last three months, insiders have sold 1,333,000 shares of company stock worth $118,220. 18.55% of the stock is owned by company insiders.

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.