TD Securities Issues Pessimistic Forecast for Talon Metals (TSE:TLO) Stock Price

Talon Metals (TSE:TLO) had its target price lowered by stock analysts at TD Securities from C$0.25 to C$0.20 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the mining company’s stock. TD Securities’ price target would indicate a potential upside of 81.82% from the company’s current price.

Separately, Stifel Nicolaus dropped their price target on Talon Metals from C$0.50 to C$0.45 and set a “buy” rating on the stock in a research note on Thursday, January 30th.

Talon Metals Stock Down 8.3 %

Shares of TLO stock traded down C$0.01 during midday trading on Monday, reaching C$0.11. 425,472 shares of the stock were exchanged, compared to its average volume of 480,198. The firm has a market cap of C$102.82 million, a PE ratio of -55.00 and a beta of 1.13. The company has a current ratio of 2.81, a quick ratio of 5.62 and a debt-to-equity ratio of 0.08. The company’s 50 day moving average is C$0.08 and its two-hundred day moving average is C$0.09. Talon Metals has a 1 year low of C$0.08 and a 1 year high of C$0.20.

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.