TD Securities Has Lowered Expectations for Talon Metals (TSE:TLO) Stock Price

Talon Metals (TSE:TLO) had its price target decreased by equities researchers 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 brokerage presently has a “buy” rating on the mining company’s stock. TD Securities’ price objective would suggest a potential upside of 81.82% from the company’s previous close.

Separately, Stifel Nicolaus lowered their price target on shares of Talon Metals from C$0.50 to C$0.45 and set a “buy” rating for the company in a research report on Thursday, January 30th.

Talon Metals Stock Down 8.3 %

Shares of TLO stock traded down C$0.01 during mid-day trading on Monday, hitting C$0.11. The stock had a trading volume of 425,472 shares, compared to its average volume of 480,198. The firm has a market capitalization of C$102.82 million, a P/E ratio of -55.00 and a beta of 1.13. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.81 and a quick ratio of 5.62. Talon Metals has a 12-month low of C$0.08 and a 12-month high of C$0.20. The firm’s 50-day moving average is C$0.08 and its two-hundred day moving average is C$0.09.

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.