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

Talon Metals (TSE:TLO) had its target price cut by analysts at TD Securities from C$0.25 to C$0.20 in a report released on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the mining company’s stock. TD Securities’ price target suggests a potential upside of 81.82% from the company’s current price.

Separately, Stifel Nicolaus dropped their price objective on shares of 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 Performance

TSE TLO opened at C$0.11 on Monday. 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 stock has a 50-day simple moving average of C$0.08 and a two-hundred day simple moving average of C$0.09. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.62 and a current ratio of 2.81. Talon Metals has a fifty-two week low of C$0.08 and a fifty-two week high of C$0.20.

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.