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

Talon Metals (TSE:TLO) had its price target reduced by stock analysts at TD Securities from C$0.55 to C$0.30 in a report released on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the mining company’s stock.

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

Talon Metals Stock Performance

The stock’s 50 day moving average price is C$0.09 and its two-hundred day moving average price is C$0.12. Talon Metals has a 12-month low of C$0.08 and a 12-month high of C$0.23. 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 firm has a market capitalization of C$79.45 million, a PE ratio of -55.00 and a beta of 1.13.

Insider Buying and Selling at Talon Metals

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

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.